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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The US dollar and natural gas are experiencing a correction from resistance levels, while the oil market is fluctuating within a triangle pattern.

Portfolio Pulse from

November 28, 2024 | 2:45 am

Oil prices remained stable in early Asian trading as the market anticipates the outcomes of the upcoming OPEC meeting, according to ANZ research analysts.

Portfolio Pulse from

November 28, 2024 | 2:00 am

Crude oil markets are currently stable, sitting in the middle of a consolidation range. This suggests that traders are hesitant to make significant moves.

Portfolio Pulse from

November 27, 2024 | 2:00 pm

Oil prices increased as traders focus on the upcoming OPEC+ meeting regarding crude production decisions.

Portfolio Pulse from

November 27, 2024 | 12:00 pm

Industry experts suggest that potential tariffs on Canadian oil by President-elect Donald Trump could lead to higher fuel prices. U.S. refiners may face lower margins, and consumers could see increased prices, according to Goldman Sachs.

Portfolio Pulse from

November 27, 2024 | 9:30 am

Geopolitical tensions and OPEC+ discussions are influencing the prices of WTI and Brent crude oil. Key levels, demand shifts, and inventory trends are crucial factors in shaping these price trends.

Portfolio Pulse from

November 27, 2024 | 7:00 am

Oil prices increased due to potential delays in OPEC's production hikes, as reported by ANZ research analysts.

Portfolio Pulse from

November 27, 2024 | 1:30 am

Crude oil prices are consolidating, testing pivotal support zones and facing resistance near $71.79. This situation signals potential for either breakdowns or bullish reversals.

Portfolio Pulse from

November 26, 2024 | 9:45 pm

OPEC+ is facing challenges due to expected surplus in global oil supplies next year, exacerbated by U.S. President-elect Donald Trump's pro-drilling policies.

Portfolio Pulse from

November 26, 2024 | 9:00 pm

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