Brent crude


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Brent crude

A blend of crude oil from the North Sea the price of which is a benchmark against which the majority of oil traded in the world is compared.
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Bank of America Merrill Lynch (BofAML) has completed its Global Energy Paper by their Global Commodity Research team, and a key message is that the bank has decided to maintain its estimates from last year, with Brent crude oil prices averaging $50 to $70/bbl in a medium-term horizon to 2023.
A generation later, Saudi Arabia abandoned its role of swing producer in November 2014 and Brent crude prices plummeted from $115 in June 2014 to $28 by early 2016.
Singapore: Brent crude prices consolidated recent gains at around $70 a barrel on Tuesday, a level not seen since 2014`s dramatic oil market slump.
37 percent of Brent crude oil price, and commodity trading giant Gunvor is also bringing in supplies at the exact same rate.
Summary: TEHRAN (FNA)- Iranian Minister of Petroleum Bijan Zangeneh said, "Members of the Organization of the Petroleum Exporting Countries (OPEC) are not keen on increased Brent Crude prices to above 60 dollars per barrels because of shale oil.
In international markets, Brent crude oil futures also rose, supported by ongoing supply cuts by top producers OPEC and Russia as well as strong demand from China.
According to OPEC calculations, Brent crude rose by 17 percent in 2017, and by 16 percent in the fourth quarter and by 5.
At the global level, the prices fluctuated with the Brent crude going up to its highest price in five months while Hurricane Imra affected the American crude's production.
Brent crude fell below $47 per barrel in early morning trading yesterday to lows not seen since late November, as fears over a global glut caused jitters in the commodity market.
The EUR Hedged RICI Enhanced Brent Crude Oil Total Return Index ETC enables investors to participate in the performance of Brent crude oil.
LONDON, 19 Sha'ban,1437 AH, 26 May,2016 , SPA -- European shares were mixed on Thursday, with banks on the back foot following a recent rally while commodity stocks were boosted as Brent crude oil prices hit $50 a barrel for the first time since November, Reuters reported.
Commodity stocks were once again under fire following a slip in the price of Brent crude, with miners Anglo American and Fresnillo among the biggest fallers, down 29.