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Showing 1 - 10 of 10 results for "Brent oil prices"

Chief economist update: Oil gush

BENJAMIN ONG  |  FRIDAY, 3 APR 2020
... Million Barrels, and maybe substantially more which, if it happens, will be GREAT for the oil & gas industry!" "Brent oil prices jumped by 20.9% on the day and by 56.9% from this year's low despite reports that Saudi officials called the "10 million ...

Chief economist update: The rise and fall of oil

BENJAMIN ONG  |  THURSDAY, 9 JAN 2020
... isn't important but latest reports of the de-escalation of tensions have reversed the climb in oil prices. Brent oil prices declined by 4.4% while the price of WTI oil dropped by 5.1%. To be sure, the magnitude of the price surge and consequent decline ...

Chief economist update: Crude oil to the rescue

BENJAMIN ONG  |  THURSDAY, 17 JAN 2019
... 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, despite ...

OPEC is not to blame

BENJAMIN ONG  |  TUESDAY, 25 SEP 2018
... WTI oil jumped by 1.9% to US$72.10 per barrel from their previous day's closing prices. This year to date, Brent oil prices have gone up by 21.8% and WTI oil by 19.3%. Recall that a few days before Trump tweeted: "We protect the countries of the ...

No other way but up

BENJAMIN ONG  |  MONDAY, 13 MAR 2017
... domestic economy - and this comes at a time when crude oil prices have started to reverse their upward trend. Brent oil prices have slumped by 8.8% from their 2017 highs while the price of WTI oil has fallen by 11.0%. Not surprisingly, 10-year and five-year ...

"Patient" is the (key)word

BENJAMIN ONG  |  TUESDAY, 17 MAR 2015
... went, "US equities sell off as oil prices tumbles" or something like that? Last night's numbers show both WTI and Brent oil prices dropping by 2.3% but instead of declining in sympathy, the Dow closed up 1.3% and the S&P 500 ended 1.4% higher (the biggest ...

From oil at US$300 to oil at US$30

BENJAMIN ONG  |  MONDAY, 1 DEC 2014
... but 'twas only last week when the headlines splattered oil all over our faces and onto market consciousness. Brent oil prices peaked at US$115.06 a barrel on 23 June. They've sank by 35.3% to US$74.40 as at last Friday's close. WTI oil prices peaked ...

Why the eurozone cannot afford cheap oil

BENJAMIN ONG  |  WEDNESDAY, 5 NOV 2014
... Agency's (IEA) prediction of increased supply and reduced demand for the commodity. That was on 15 October when Brent oil prices plummeted 22.3% to US$86.66 a barrel from their 2014 open and WTI oil dropped 16.4% to US$82.25 per barrel. Last night, oil ...

The good oil

BENJAMIN ONG  |  WEDNESDAY, 15 OCT 2014
... database shows that no matter which measure of the slimy stuff you're tracking oil prices are down - big time. Brent oil prices are down by 22.3% to US$86.66 a barrel this year to date. WTI oil is down 16.4% to US$82.25 per barrel. According to the IEA ...

Market Wrap - Morning

AAP  |  THURSDAY, 10 MAR 2011
... morning, but once the price of oil began rising and the US market opened down, they quickly followed suit. London Brent oil prices surged by more than two dollars on Wednesday as global supply concerns deepened amid worsening violence in Libya, traders ...
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