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 are set for a weekly decline as tensions in the Middle East ease following a cease-fire between Israel and Hezbollah. This development reduces concerns over potential disruptions in crude supplies.

Portfolio Pulse from

November 29, 2024 | 1:00 pm

Oil prices have dropped over 3% this week due to easing supply fears following a truce between Israel and Hezbollah. Additionally, OPEC+ output cut decisions and forecasts of a surplus in 2025 are impacting the outlook.

Portfolio Pulse from

November 29, 2024 | 12:30 pm

Oil prices are expected to face challenges in 2025 due to economic weakness in China affecting demand and an oversupply in the market, despite OPEC+ delaying a planned output hike.

Portfolio Pulse from

November 29, 2024 | 11:30 am

OPEC+ has delayed a key meeting, creating uncertainty around oil supply strategies for 2024. This has traders closely watching the potential impacts on Brent, WTI, and Natural Gas prices.

Portfolio Pulse from

November 29, 2024 | 6:30 am

Goldman Sachs warns that Trump's tariffs could lead to higher oil prices for consumers. Analyst Samantha Dart predicts Brent crude could reach $78 a barrel due to tight inventory and limited alternatives.

Portfolio Pulse from

November 29, 2024 | 5:30 am

Oil prices showed mixed movements in early Asian trading due to thin trading volumes. A temporary easing of geopolitical tensions was noted as Israel and Hezbollah agreed to a 60-day cease-fire.

Portfolio Pulse from

November 29, 2024 | 2:15 am

Crude oil prices are currently trading in a narrow range, with a bearish consolidation pattern. However, a bullish declining wedge formation suggests a potential upside breakout if triggered.

Portfolio Pulse from

November 28, 2024 | 10:00 pm

The crude oil market is experiencing sideways movement due to consolidation and thin liquidity during the Thanksgiving holiday. Futures trading is ongoing but limited.

Portfolio Pulse from

November 28, 2024 | 3:00 pm

The oil market faces uncertainty due to an unexpected U.S. gasoline inventory build, which dampens the demand outlook for oil. Additionally, a delay in the OPEC+ meeting adds further uncertainty to crude oil futures.

Portfolio Pulse from

November 28, 2024 | 10:00 am

OPEC+ has delayed its meeting to decide on oil production strategy to December 5, as reported by delegate sources. This decision could impact oil prices and related assets.

Portfolio Pulse from

November 28, 2024 | 7:30 am

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