Brent Forecast

We are looking for the front-month December 24 contract to finish the week between $69-74/bbl with the drivers dictating the rangebound regime essentially unchanged: Geopolitical ...

Lacking a spark, continued rangebound prices in Brent. We are looking for the front month Nov’24 contract to finish the week between $70-75/bbl as we ...

Is $70/bbl the new $80/bbl? The Nov ’24 Brent futures witnessed a tumultuous last week, briefly falling below $70/bbl for the first time in three ...

Brent crude futures saw a significant sell-off last week amid a weakening economic backdrop despite OPEC’s plans to delay its production hikes. The Nov’24 contract ...

Show Me the Demand! The Nov’24 Brent futures contract was trading at around $77.05/bbl at 09:00 BST (time of writing), and we expect it to ...

We expect Nov’24 Brent futures to end the week trading between $78/bbl and $82.00/bbl in what continues to be a range-bound market, albeit the range ...

Although Brent crude futures saw a solid start last week, price action closed below $80/bbl on Friday. Middle East geopolitical concerns have eased alongside poor ...

Swing Low, Sweet Crude Brent crude futures suffered a major sell-off amidst mounting recession fears in the US, as the front-month October contract fell to ...

Rebalancing in High Volatility We expect Brent prices to remain in the low $80/bbls this week – despite a less saturated buy-side market – because ...

Onyx Research Analyst Mita Chaturvedi reports this week's Brent forecast.