Brent Review

TARGET: $70.00/bbl – $73.50/bbl PRICE: $71.65/bbl OPEC+: Much Ado About Nothing The front-month February 2025 Brent Friday morning was roughly where it started the week, ...

The Risk Premium Rises (Again) On Monday, we held a bearish view of the Jan’24 Brent futures contract and forecast it to end the week ...

The Dec’24 Brent crude futures contract cratered by $3 overnight Monday (14 Oct) from around $77.50/bbl to $74.50/bbl, before trading rangebound for the remainder of ...

Turbulent Times Ahead On Monday, we predicted the Dec’24 Brent futures to finish the week between $69-74/bbl amid an oversupplied oil market. However, the futures ...

Lacking a spark   We expected Nov’24 Brent futures to end the week trading between $70/bbl and $75.00/bbl as we failed to see it breaking out ...

Finally, some strength! At the start of the week, we forecasted that the front-month Brent futures contract would tick slightly higher through the week, but ...

We expected the now-prompt October’24 Brent futures contract to trade between $78-80/bbl at the end of the week. In line with this forecast, the benchmark ...

TARGET PRICE: $83/bbl – $85/bbl PRICE: $85.80/bbl Return of the pre-weekend bulls? On Monday, we forecast short-term bearishness to take the benchmark Brent crude futures ...

TARGET PRICE: $82/bbl – $84/bbl PRICE: $85/bbl Is Summer Demand Finally Here? The crude oil futures market is on track for its second consecutive weekly ...

Brent trumped bearish macro sentiment and the EIA stats. The likely unwinding of stretched short positions trumped bearish drivers this week, driving Brent above our ...