BRENT
Brent Crude
98.33
+2.13% (+2.05)
Market read
The forecast signals that a prolonged conflict could keep oil prices elevated well above recent norms. This gives traders a concrete price band to watch as a benchmark for how much the conflict is being priced into oil. Next up: MBA 30-Year Mortgage Rate.
Related markets
Try Pro
Track capital flows and market sentiment in real time, across every asset.
Bank of America said Brent crude could trade in a $95-120 per barrel range if the Middle East conflict continues through year end.
The forecast signals that a prolonged conflict could keep oil prices elevated well above recent norms. This gives traders a concrete price band to watch as a benchmark for how much the conflict is being priced into oil.
FirstSquawk·09/07, 05:53 PM
High impactA Saudi Aramco refinery was hit in new strikes, according to the Financial Times.
Jin10·09/07, 01:52 AM
High impactIran's top security council secretary said the Strait of Hormuz is fully closed, calling Trump's claim that it remains open a total lie, and said daily traffic has dropped from over 100 ships carrying over 100 million tons to just 7-8 ships carrying essential Iranian goods.
FirstSquawk·09/02, 02:17 AM
High impactWTI crude oil rose 5.2% to settle at $90.22 a barrel and Brent rose 4.6% to $94.65, topping $90 for the first time since late July, after fresh US strikes on Iran and two supertankers were hit exiting the Strait of Hormuz.
BRENT
Get alerted on the moves that matter.
Track capital flows and market sentiment in real time, across every asset.