Goldman Sachs analysts predict Brent crude oil prices to rise to $86 per barrel in the third quarter due to solid summer transport demand, leading to a deficit of 1.3 million barrels per day. UBS also notes overly pessimistic market positioning.
Brent settled at USD 82.60/bbl #oott
U.S. CRUDE OIL FUTURES SETTLE AT $78.50/BBL, UP 60 CENTS, 0.77%
WTI settled at USD 78.50/bbl #oott
Brent crude futures rose 11 cents, or 0.1%, to $82.04 a barrel at 0016 GMT WTI crude futures gained 18 cents, or 0.2%, to settle at $78.10. https://t.co/7HjhHoOtaq #energy #OOTT #oilandgas #WTI #CrudeOil #fintwit #OPEC #commodities https://t.co/NLb16JctbH
#Oil prices are expected to jump this summer on demand for transportation and cooling. Goldman Sachs analysts forecast Brent crude prices to rise to $86 per barrel, almost a 7% increase from current levels.
US crude oil futures settle at $77.90 https://t.co/ps6p2e06td
ā ļø BRENT CRUDE FUTURES SETTLE AT $81.92/BBL, UP 29 CENTS, 0.36 PCT
BRENT CRUDE FUTURES SETTLE AT $81.92/BBL, UP 29 CENTS, 0.36%
Brent settled at USD 81.92/bbl #oott
BRENT CRUDE FUTURES SETTLE AT $81.92/BBL, UP 29 CENTS, 0.36%.
In the latest market update, July WTI crude futures concluded at $77.90 per barrel, showing a 16 cent rise (0.21%) during NYMEX settlement.
ā ļø U.S. CRUDE OIL FUTURES SETTLE AT $77.90/BBL, UP 16 CENTS, 0.21 PCT
WTI settled at USD 77.90/bbl #oott
NYMEX WTI CRUDE JULY FUTURES SETTLE AT $77.90 A BARREL, UP 16 CENTS, 0.21%.
NYMEX GASOLINE JULY FUTURES SETTLE AT $2.4089 A GALLON.
U.S. CRUDE OIL FUTURES SETTLE AT $77.90/BBL, UP 16 CENTS, 0.21%
NYMEX DIESEL JULY FUTURES SETTLE AT $2.4213 A GALLON.
Brent high of day USD 81.86/BBL #OOTT
Crude oil futures settle at $77.74 https://t.co/0JajTdEtzS
Breaking: Brent crude futures close at $81.63 per barrel, marking a $2.01 increase or 2.52% rise from the previous trading session. Stay tuned for more updates. #BrentCrude #OilPrices
BRENT CRUDE FUTURES SETTLE AT $81.63/BBL, UP $2.01, 2.52%.
ā ļø BRENT CRUDE FUTURES SETTLE AT $81.63/BBL, UP $2.01, 2.52 PCT
Brent settled at USD 81.63/bbl #OOTT
BRENT CRUDE FUTURES SETTLE AT $81.63/BBL, UP $2.01, 2.52%
ā ļø U.S. CRUDE OIL FUTURES SETTLE AT $77.74/BBL, UP $2.21, 2.93 PCT
NYMEX WTI CRUDE JULY FUTURES SETTLE AT $77.74 A BARREL, UP $2.21, 2.93%.
U.S. CRUDE OIL FUTURES SETTLE AT $77.74/BBL, UP $2.21, 2.93%
NYMEX DIESEL JULY FUTURES SETTLE AT $2.4147 A GALLON.
WTI settled at USD 77.74/bbl #OOTT
NYMEX GASOLINE JULY FUTURES SETTLE AT $2.4109 A GALLON.
From June 3... Brent is now $81.54! https://t.co/C7gcK4c3a4
Brent above $81 https://t.co/FARVhpfisg
Brent > 81 #oott
Goldman Sachs analysts said Brent should rise to $86 in the third quarter as summer fuel demand results in a āsizeableā deficit. The investment bank sees a $75 floor and a $90 ceiling for Brent this year.
"We believe current market positioning is overly pessimistic." --UBS Goldman Sachs analysts expect Brent to rise to $86 a barrel in third quarter. https://t.co/mLKd0QcVkA #energy #OOTT #oilandgas #WTI #CrudeOil #fintwit #OPEC #Commodities https://t.co/xEzllc50Wv
We Expect Brent to Stay in Our 75-90 Range and Rise to $86/bbl in Q3, Moderately Above the Forwards Goldman https://t.co/1K03jppWCP
š¢ļø Goldman Sachs analysts expect Brent to rise to $86 a barrel in third quarter, saying in a report that solid summer transport demand will push the oil market into a third-quarter deficit of 1.3 million barrels per day (bpd). UBS: "We believe current market positioning isā¦ https://t.co/2ySIVc89lB
Goldman Sachs expects Brent crude to rise to $86 in Q3 #Goldman_Sachs #Brent_Crude