Streetbeat News

BNO

United States Brent Oil Fund, LP

http://www.unitedstatesbrentoilfund.com

Industry

Asset Management

The Benchmark Futures Contract is the futures contract on Brent crude oil as traded on the Ice Futures Europe Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire.

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Oil prices have decreased due to potential ceasefire talks between Israel and Hezbollah, and a generally bearish market environment, as noted by analyst Stephen Schork.

Portfolio Pulse from

November 25, 2024 | 11:15 pm

The crude oil market is experiencing a range-bound movement, with the Monday session showing a negative trend. Investors should closely monitor this well-defined range.

Portfolio Pulse from

November 25, 2024 | 3:00 pm

Oil prices remained flat in early Asian trading, supported by ongoing geopolitical tensions, according to ANZ research analysts.

Portfolio Pulse from

November 25, 2024 | 1:00 am

Crude oil prices surged by 6.46% last week due to escalating tensions between Russia and Ukraine, as well as a recovery in demand from China. The market is watching to see if prices can break the resistance level of $71.53.

Portfolio Pulse from

November 23, 2024 | 8:30 am

Jim Cramer suggests that oil and natural gas stocks are likely to perform well under President-elect Donald Trump, who is more favorable to the industry compared to President Joe Biden. An oil executive is expected to lead the Department of Energy.

Portfolio Pulse from

November 23, 2024 | 12:00 am

The crude oil market has shown strength in recent sessions, with a strong week overall. However, the market is expected to experience sideways movement due to concerns about demand.

Portfolio Pulse from

November 22, 2024 | 4:15 pm

Oil prices declined due to weak European business activity, overshadowing concerns about Russia and Ukraine. This suggests a potential decrease in demand for crude oil.

Portfolio Pulse from

November 22, 2024 | 1:45 pm

Russian Deputy Prime Minister Alexander Novak stated that the global oil market is balanced due to the actions and compliance of OPEC+ countries with their quotas. This was announced after a Russia-OPEC meeting.

Portfolio Pulse from

November 22, 2024 | 12:00 pm

WTI crude oil prices have risen above $70 as markets focus on potential OPEC+ decisions regarding output amid volatile demand. Weak demand from China and geopolitical risks are factors that could influence market trends.

Portfolio Pulse from

November 22, 2024 | 7:00 am

Goldman Sachs forecasts Brent oil prices to average $80 per barrel in 2024, despite a projected deficit and geopolitical uncertainties, due to an expected surplus of 0.4 mb/d.

Portfolio Pulse from

November 22, 2024 | 6:30 am

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