Oil (BRENT) News
Oil (BRENT) Market News
1d
Brent Slides on Rising U.S. Stocks, Urals Collapse
- Brent crude weakened after U.S. crude inventories rose and the Russian Urals grade plunged, even as refining margins held near multi-year highs. Supply builds, floating storage increases, and looming sanctions on Russian producers are creating a volatile mix for Brent pricing and near-term investment positioning.
8d
Brent at $64-65 After OPEC+ Pause Russia Sanctions
Brent crude traded in a tight $64–65 range after OPEC+ delivered a modest output rise and pledged a Q1 2026 pause. U.S. sanctions on Russian oil majors and disruptions to Black Sea flows added supply risk, while weak Asian demand and large U.S. inventory builds capped rallies. Morgan Stanley nudged its H1 2026 Brent forecast higher on tighter effective supply.
15d
OPEC+ Pause, Russia Sanctions Lift Brent Prices Up
Brent crude rose after OPEC+ announced a limited December increase but a Q1 2026 pause, while new Western sanctions on major Russian oil firms and disruptions in the Black Sea tightened refined-product flows. China’s continued strategic stockpiling further supported prices.