Natural Gas and Oil Forecast: Sanctions Drive Brent to 4-Month Highs
Portfolio Pulse from
Brent crude oil prices have surged to a 4-month high of $81 due to sanctions affecting Russian oil exports. The geopolitical tensions have tightened supply, leading to market backwardation.
January 13, 2025 | 7:45 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The United States Brent Oil Fund (BNO) is likely to see a positive impact as Brent crude prices rise to a 4-month high of $81 due to sanctions on Russian oil exports.
BNO tracks the price of Brent crude oil, which has risen due to sanctions on Russian oil exports. This increase in Brent prices is likely to positively impact BNO's value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80