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Economy, Energy

“Oil Holds Above $90 After Middle East Tensions Push Brent Higher”

“…The global benchmark Brent earlier pierced $91 a barrel, before trading little changed. The focus has shifted to a dramatic repricing of geopolitical risk, after Israel increased preparations for a potential retaliation by Tehran to a strike on an Iranian… Continue Reading…

Energy

“JPMorgan forecasts energy “supercycle” with Brent crude potentially hitting $150 per barrel”

“In a research report published on Friday, JPMorgan analyst Christyan Malek upgraded the entire global energy sector to an overweight rating, warning that the recent surge in oil prices could potentially drive Brent crude prices as high as $150 a… Continue Reading…

Stocks

“Brent Crude Tumbles Below $40 in Wake of Souring Demand Outlook”

“Crude in London tumbled below $40 a barrel for the first time since late June in the wake of faltering demand and weaker equities dampening market sentiment. Brent futures tumbled as much as 5.3% to $39.77 a barrel on Tuesday.… Continue Reading…