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Showing 11 - 20 of 55 results for "Brent oil"

Chief economist update: Coronavirus infects oil market

BENJAMIN ONG  |  TUESDAY, 4 FEB 2020
... into a bear. Crude oil prices sank by more than 10% (the technical definition of a bear market) - WTI oil down 15.6%; Brent oil down 16.4% -- at the end of January 2020. To be sure, the oil market has turned from bull to bear and vice-versa (at least ...

Chief economist update: The rise and fall of oil

BENJAMIN ONG  |  THURSDAY, 9 JAN 2020
... in Iraq on January 3 that killed Qassem Soleimani -- the head of Iran's elite Quds military force. The price of Brent oil went up by 3.6% to US$68.60/barrel on the day; WTI oil prices increased by 3.1% to US$63.05; and continued to rise after Iran ...

Chief economist update: Oil's well that ends 2019 well

BENJAMIN ONG  |  WEDNESDAY, 18 DEC 2019
... finish 2019 around 30% higher. This year to date, WTI oil has risen by 33.4% to US$60.21 per barrel while the price of Brent oil has rallied by 29.2%. To be sure, new production cuts that will take effect on 1 January 2020 helped support crude prices. ...

Chief economist update: Oil to slide into 2020

BENJAMIN ONG  |  THURSDAY, 24 OCT 2019
... Texas Intermediate crude oil". I don't have data for Dubai Fateh but this year to date, the average price of WTI and Brent oil is US$60.50 - still within the realms of the IMF forecast - suggesting that the deepening slowdown in global oil demand ...

Chief economist update: Plenty of oil

BENJAMIN ONG  |  WEDNESDAY, 18 SEP 2019
... fears of continued elevated oil prices. Crude oil prices dropped after these pronouncements - WTI oil fell by 6% and Brent oil dropped by 6.7%. But even if they weren't made, the truism that higher oil prices cure higher oil prices would be in play. ...

Chief economist update: Oil market slides from bull to bear

BENJAMIN ONG  |  FRIDAY, 7 JUN 2019
... concerns sent crude oil into a bear market. WTI oil has fallen by 22.2% to US$51.57/barrel from its April peak of US$66.24. Brent oil has slipped by 19.2% (not quite satisfying the technical definition of a bear market, but getting there) to US$60.56/barrel ...

Chief economist update: The bad oil

BENJAMIN ONG  |  FRIDAY, 12 APR 2019
... Texas Intermediate crude oil." I don't have data for Dubai Fateh but this year to date, the average price of WTI and Brent oil is US$59.94 - still within the realms of the IMF forecast. Yet the strong uptrend in crude oil prices since the start of ...

Chief economist update: The RBI surprises (again)

BENJAMIN ONG  |  MONDAY, 25 FEB 2019
... out, economies don't operate in a vacuum. Economic dynamics change to disrupt the "steady state". Crude oil prices (Brent oil) have come down US$76.22/barrel in December 2018 from a high US$86.29 in October last year - and are still lower than this ...

Chief economist update: A pretty portrait of an emerging market

BENJAMIN ONG  |  MONDAY, 11 FEB 2019
... dollar since the start of 2019 and by 4.3% to P52.08/US$1 from its 2018 low - and the downswing in crude oil prices - Brent oil down by 27.8% from its 2018 high. Philippine inflation has started to slow - headline CPI inflation eased to 4.4% in the year ...

Chief economist update: Crude oil to the rescue

BENJAMIN ONG  |  THURSDAY, 17 JAN 2019
... four-year high of US$86.07/barrel (Brent) in October 2018, prices tumbled by 41.2% to US$50.57/barrel by year's end. Brent oil prices have risen by 19.7% since the start of 2019, but at US$60.55/barrel, they remain 29.7% below the 2018 peak. This ...