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The prospect of a potential ceasefire in Gaza, reported across major news wires this time yesterday morning has been declined by Israel. That was always a possibility and one that has delivered further upside in oil prices since it became known. The price of Brent crude for April delivery rose further into the NYMEX settlement yesterday and ended that session $0.62 higher, at $79.21. The price has lifted further today, reaching $79.65. It is off that high now though, but clearly the refusal of the Israelis to back down has given the oil markets fresh reason to rise further and right now the prospect of a test of $80 seems elevated. Brent for April delivery is currently trading at $79.50
That OPEC world oil demand outlook has just been published and the oil cartel have curt their demand outlook forecast across the board from 2026...
The European stock markets have been trading for two hours now and so far there is a standout performing index. Well, in case you did not know, it is...
According to information noted here, OPEC is due to deliver its 2025 World Oil outlook at 9.40am GMT this morning. This can be a market moving event...
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