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Showing 21 - 30 of 55 results for "Brent oil"

Chief economist update: Cheaper oil greases wheels of growth

BENJAMIN ONG  |  MONDAY, 12 NOV 2018
... in a bear market - WTI oil is down 21.2% from its nearest high (US$76.40/barrel on 3 October) to US$60.19/barrel and Brent oil is heading in the same direction, down 18.5% to US$70.15/barrel from the 2018 high US$86.07/barrel recorded on the 4 October. ...

Chief economist update: Oil slick

BENJAMIN ONG  |  WEDNESDAY, 7 NOV 2018
... earlier months of this year. The price of West Texas Intermediate (WTI) has jumped US$66.81 per barrel while that of Brent oil gained US$72.05 per barrel - above the psychological level of US$50 a barrel and at their highest since December 2014. The ...

Chief economist update: An Indian surprise

BENJAMIN ONG  |  MONDAY, 8 OCT 2018
... rupee's depreciation would aggravate the upward push in India's inflation caused by rising oil prices - the price of Brent oil has risen by 24% between January and September this year - because of the country's dependence on oil imports. ...

OPEC is not to blame

BENJAMIN ONG  |  TUESDAY, 25 SEP 2018
... production following the OPEC and non-OPEC nations meeting in Algiers on September 23. The decision sent oil prices soaring - Brent oil surged by 3.2% to a four-year high of US$81.27 a barrel; WTI oil jumped by 1.9% to US$72.10 per barrel from their ...

Chief economist update: Crude oil slips

BENJAMIN ONG  |  TUESDAY, 17 JUL 2018
... Time magazine around mid-April this year when he hinted at wanting the price of crude to reach around US$80/barrel - Brent oil was trading below US$70/barrel at the time and WTI oil below US$65/barrel. This, along with Saudi Energy Minister Khalid al-Falih's ...

Chief economist update: When good oil goes bad

BENJAMIN ONG  |  THURSDAY, 10 MAY 2018
... before sanctions were imposed - sending oil prices down to fresh 12-year lows - WTI oil down 1.8% to US$29.42/barrel and Brent oil down 1.9% to US$28.94/barrel. Despite my (and to name drop, 'The Economist' magazine and Dr. Nouriel Roubini's ) protestations ...

Chief economist update: Let's talk about oil baby

BENJAMIN ONG  |  WEDNESDAY, 11 APR 2018
... continued to climb this year to date - WTI oil has risen by 8.3% so far this year (following a 12.5% increase in 2017) and Brent oil's up 6.4% (after jumping by 21.4% last year). That the Kingdom of Saud wants a higher price for its main export is hardly ...

Oil's gift to central bankers

BENJAMIN ONG  |  TUESDAY, 7 NOV 2017
... production increases or cuts, the political tension alone was enough to send oil prices to two year highs. The price of Brent oil surged by 3.5% to US$64.27 a barrel on the day and that of WTI oil gained 2.9% to US$57.26 - prices not seen since June ...

Good oil, bad oil

BENJAMIN ONG  |  FRIDAY, 23 JUN 2017
... dropping to 10-month low of US$42.51 the day before - down 21.6% from the 2017 peak of US$54.48 reached in February. Brent oil also gained overnight to US$45.22 from the previous day's close of US$44.77, moving away it from bear market territory, but ...

Eurozone gaining momentum

BENJAMIN ONG  |  THURSDAY, 22 JUN 2017
... current futures prices for oil, headline inflation is likely to remain around current levels in the coming months." Brent oil was trading at around US$50 per barrel before the ECB's June meeting. It closed at US$44.68/barrel overnight. Not a good indication ...