Brent Forecast

The Jan’25 Brent future is trading near recent bottoms, with a wedge forming with lower highs from early October and a quite weak momentum in ...

Since early November, the Jan’25 Brent crude futures contract has traded in a narrow range, between $73.50 and $76.00/bbl, with prices settling at $72.80/bbl as ...

Brent crude futures saw a relatively rangebound week, with prices in the Jan’25 contract trading between $74 and $76/bbl. Oil’s reaction to the US election ...

Brent crude futures have been trading higher at the start of November, with prices in the Jan’25 contract trading above $74/bbl as of Monday morning. ...

The Market Resets Oil prices finally saw a cooling of the geopolitical risk premia tied to fears of an Israeli attack on Iranian oil and ...

Geopolitical risk: down but not out  We see a firm Brent complex this week. We forecast Dec’24 Brent futures to end the week in the ...

We are looking for the front-month December 24 contract to finish the week between $69-74/bbl with the drivers dictating the rangebound regime essentially unchanged: Geopolitical ...

Lacking a spark, continued rangebound prices in Brent. We are looking for the front month Nov’24 contract to finish the week between $70-75/bbl as we ...

Is $70/bbl the new $80/bbl? The Nov ’24 Brent futures witnessed a tumultuous last week, briefly falling below $70/bbl for the first time in three ...

Brent crude futures saw a significant sell-off last week amid a weakening economic backdrop despite OPEC’s plans to delay its production hikes. The Nov’24 contract ...