Oil & Fuel update – 9th October
The oil and diesel markets saw significant falls last week amid fears of recessions in the Western economies and further interest rate hikes.
Oil & Fuel update – 2nd October
Brent crude, a benchmark for fuel prices, breached $96 a barrel on Friday amid predictions of shorter supplies.
Oil & Fuel update – 25 September
A series of economic data released in the US and China in recent weeks has signalled stronger performance in the world’s two largest economies and raised forecasts for oil demand.
Oil & Fuel update – 18 September
Monday morning presented a 0.64% move higher for Oil from close of play on Friday, as the price per barrel for Brent Crude was trading at $94.49 per barrel, once again reinforcing the impact of last weeks spike due to a Weaker USD, working in tandem to global supply cuts of Oil and a fall in global Inventories.
Oil & Fuel update – 11 September
Tuesday saw Brent crude oil prices surge beyond the $90 per barrel mark, marking the first occurrence since November. Simultaneously, West Texas Intermediate, the primary U.S. futures contract, experienced a 1.85% increase, reaching $87.13.
Oil & Fuel update – 4 September
Now that 2023 highs have been reached, the remaining third of this year looks likely to prove pivotal in the global oil market.
Oil & Fuel update – 29 August
Diesel prices are at their highest since the start of the year, the latest data collected from RAC puts diesel…
Oil & Fuel update – 21 August
The past week presented some price stability for oil , hovering around $85/bbl. Despite the lack of price movement this is still considerably higher than the lows of $71 at…
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 – 7 August
Oil continued its bullish trajectory last week with both Brent Crude Oil and West Texas Intermediary recording their sixth consecutive weekly gains. Brent crude opened on Monday 7th August at $86.1 per barrel, with WTI opening at $82.6 per barrel.