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…
Metals Update – 21 August
Copper prices saw a resurgence this morning following three consecutive weeks of decline. The support came from diminished stocks and the anticipation of increased demand during the…
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.