Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Highs Ahead Of The Weekend
Portfolio Pulse from
Oil markets are experiencing bullish momentum due to the threat of new sanctions on Russian oil, pushing WTI and Brent oil prices to new highs.
December 13, 2024 | 6:30 pm
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POSITIVE IMPACT
Brent oil prices are testing new highs driven by the potential for new sanctions on Russian oil, which is a bullish factor for the market.
The possibility of new sanctions on Russian oil is pushing Brent oil prices higher, as it may lead to tighter supply conditions.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
WTI oil prices are reaching new highs due to the potential imposition of new sanctions on Russian oil, which is a bullish catalyst for the market.
The threat of new sanctions on Russian oil is a significant factor driving up WTI oil prices, as it could lead to reduced supply and increased demand.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80