Brent crude

Reuters poll: 70% of economists expect ECB rate hike in September

The European Central Bank is all but certain to keep interest rates unchanged when its Governing Council meets on July 23, but a renewed flare-up in U.S.-Iran hostilities and climbing oil prices have reignited debate over whether another hike could…

Brent crude flips to backwardation amid Iran supply fears

Brent crude futures swung into their steepest backwardation in more than a month on Tuesday as renewed hostilities between the United States and Iran again threatened to choke off oil shipments through the Strait of Hormuz, the world's most critical…

Brent crude holds near $85 after short squeeze triggered by Hormuz blockade

Brent crude oil stabilized near $85 per barrel on Wednesday, July 15, following a sharp rally driven by a short squeeze that caught bearish traders off guard as geopolitical risks in the Middle East intensified.

Eni CEO warns oil could break above $100 by early 2027

Claudio Descalzi, CEO of Eni, warned that the global oil market risks breaking out of its current $80-to-$100-per-barrel range by the first quarter of 2027 at the latest, a move that would boost inflation and strain energy-importing economies, according to…

Oil falls to pre-war levels, but depleted reserves pose future risk

Brent crude has completed a dramatic round trip, falling back to pre-conflict levels near $73 per barrel after peaking at $126 in April, but a Reuters analysis published Sunday warns that the world's dangerously depleted strategic reserves leave the global…

Citi projects Brent crude falling to $60 by year-end

Citigroup analysts are recommending traders sell into any summer oil price rallies, projecting Brent crude will fall to $60–$65 a barrel by year-end as the geopolitical risk premium built up during the Strait of Hormuz crisis continues to unwind.

Brent crude falls toward $70 as Hormuz traffic rebounds

Brent crude dropped below $71 a barrel on Thursday, sliding back toward levels last seen before the U.S.-Iran conflict disrupted global oil markets, as recovering tanker traffic through the Strait of Hormuz and the prospect of further OPEC+ supply increases…

Barclays cuts Brent crude forecasts as oil prices plunge

Barclays on Friday lowered its Brent crude oil price forecasts to $96 per barrel for 2026 and $85 per barrel for 2027, down from $100 and $88 respectively, as a rapid collapse in oil prices following the U.S.-Iran deal reshapes…

Brent crude hits lowest since before Iran war, reshaping ECB outlook

Crude oil prices tumbled to their lowest levels since before the Iran war on Wednesday, as a US sanctions waiver and the reopening of the Strait of Hormuz erased the geopolitical risk premium that had kept energy markets elevated for…

Goldman says EV boom could push Brent crude to $55

Goldman Sachs The Goldman Sachs Group, Inc. has warned that the rapid global uptake of electric vehicles, led by China, could reduce world oil demand by as much as 320,000 barrels per day by December 2027, reinforcing a structural shift…