Oil moves higher to a week high

Economies.com
2024-06-10 19:53PM UTC

Oil prices rose on Monday with gains expanding on the outlook of increasing fuel demand in the summer season.

 

Otherwise, Goldman Sachs’ analysts released a memo expecting Brent prices to rise to $86 a barrel in the third quarter. 

 

They put an expected trading range between $75 and $90 for Brent prices this year. 

 

On trading, Brent August futures rose 2.5%, or $2.01 to $81.63 a barrel, the highest since May 30. 

 

US crude July futures rose 2.95%, or $2.21 to $77.74 a barrel, the highest since May 30. 

Commodities News

Gold News

Commodities

Gold falls over 1% and marks weekly losses
2024-06-21 20:25PM UTC
Gold prices fell on Friday as the dollar gained ground against most major rivals, with the precious ...
Palladium News

Commodities

Palladium climbs to three-week high
2024-06-21 15:43PM UTC
Palladium prices rose on Friday with a 3% surge, hitting three-week highs and becoming the best ...
Oil News

Commodities

Oil approaches second weekly profits as demand improves
2024-06-21 14:52PM UTC
Oil futures were mostly flat on Friday but headed for the second weekly profit in a row amid signs ...

Commodities Technical Analysis

Oil Analysis

Commodities

End of day crude oil price forecast update - 21-06-2024
2024-06-21 17:17PM UTC
Crude oil price shows more bearish bias to head towards testing the bullish channel’s support ...
Silver Analysis

Commodities

End of day silver price forecast update - 21-06-2024
2024-06-21 17:16PM UTC
Silver price broke 30.06$ level clearly and heads toward achieving more expected decline in the ...
Brent oil Analysis

Commodities

Brent oil price forecast update 21-06-2024
2024-06-21 09:19AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows slight bearish bias now, ...