is the benchmark for pricing half the world's crude oil, and its future is important to all traders and producers.
Meanwhile, the Brent Blend
was up 38 cents to $ 69.
The price of Brent crude global Brent blend
, in the futures contracts mounted to $ 48.
By 2014, it had risen to a new record of $147 before starting on the current decline, with Brent blend
falling to $36 a barrel.
The proper name for the Brent blend
of four crude oils making up this paper marker is different (see ICE Brent in Google); but it is still called in the industry as paper Brent or ICE Brent.
Since our review in February, we have lowered our oil price assumptions by a further $5/bbl, with Brent blend
now forecast to average $67.
27 decided not to cut production, despite a fall of Brent Blend
, the international benchmark, from $112 a barrel in June to close to $70 today, after two years of stability at around $111 a barrel.
, Tapis, Minas and Midway Sunset Heavy are well-known classifications of what expensive commodity?
For that reason, the rise in price of Brent blend
over worries about the Suez Canal have also lifted the price of WTI, Knittel said.
The oil market is somewhat revived, and even starts to show a kind of positive dynamics - the quotes for Brent blend
again torn beyond the boundaries of its mediumterm downtrend channel around $ 105 per barrel, trying to get to a level of around $ 106 per barrel.
Taqa said it had found an oil leak in one of the legs of Cormorant Alpha, closing the platform and the pipeline system that handles a total of 90,000 barrels per day, including 10,000 bpd from Cormorant Alpha across several oilfields that contribute to Brent blend
The value of Algerian Saharan Blend crude oil, one of the best quality crude oils which only a year ago commanded a premium of up to $2 per barrel over North Sea Brent Blend
, has collapsed to a discount of more than $2.