All posts by Brent Crude Commodity Market Trades, Charts

BofA predicts $62 per barrel 2020 average amid medium-term downside risks

Feb 24- Bank of America expects benchmark Brent crude prices to average $62 per barrel in 2020, with medium-term downside risks due to slowing global growth, trade war uncertainties and the coronavirus outbreak. Brent crude was down $2.37, or 4.1%, to $56.13 per barrel at 1145 GMT on Monday, while U.S. crude futures fell by $2.08, or 3.9%, to $51.30 amid sharp rises in…

UPDATE 2-Oil falls 1% as spreading virus compounds concerns over demand hit

TOKYO, Feb 21- Oil prices fell around 1% on Friday, pressured by growing worries about fuel demand as a coronavirus epidemic spread further beyond China, and as major crude producers appeared to be in no rush to cut output to buttress the market. Brent crude was down 64 cents, or 1.1%, at $58.67 a barrel by 0703 GMT, while U.S. crude dropped 54 cents, or 1%, at $53.34 a barrel.

UPDATE 1-Oil falls as coronavirus spread beyond China heightens demand fears

TOKYO, Feb 21- Oil prices fell on Friday amid concerns over fuel demand as the coronavirus epidemic spread further beyond China, while major crude producers stood pat on any early action to cut output to support the market. Brent crude was down 28 cents, or 0.5%, at $59.03 a barrel by 0332 GMT, while U.S. crude was also off by 28 cents, or 0.5%, at $53.60 a barrel.

Oil prices slide as coronavirus spread beyond China raises demand worries

TOKYO, Feb 21- Oil prices fell on Friday with fears for fuel demand growing as the coronavirus epidemic that originated in China spread further beyond the country, while major crude producers stood pat on taking early action to cut output to support the market. Brent crude was down 24 cents, or 0.4%, at $59.07 a barrel by 0155 GMT, while U.S. crude was off by 25 cents, or…

UPDATE 3-Oil near 1-month high on supply threats, easing demand woes

*Tensions in Libya, Venzuela sanctions hit supplies. LONDON, Feb 20- Brent oil prices held near one-month highs on Thursday supported by China's efforts to boost its economy, a drop in new coronavirus cases at the epicenter of the outbreak and supply concerns in Venezuela and Libya. The United States this week sanctioned a trading unit of Russian oil giant Rosneft…