Foenix Partners

Oil & Fuel update – 14 August

Over the weekend, Brent Crude maintained some stability, commencing on Monday at $86.5/bbl. This consistency follows last week’s revelations of China’s wobbly economic rebound and the dollar’s strength countering seven weeks of accrued gains due to tightening supplies.

Oil & Fuel update – 10 July

The Brent Crude market witnessed a week of mixed activity, with prices fluctuating between highs of $78/barrel and lows of $74/barrel. West Texas Intermediate (WTI) also experienced a 3.2% increase, reaching $72/barrel.