Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
Brent crude falls below $65 after IEA lower 2025 demand forecast
Following on from the OPEC MMR noted here earlier this morning, the IEA (International Energy Agency) have also slashed their 2025 and 2026 demand outlook forecasts. The IEA have cut that by around d 25% and this has had an immediate impact on oil prices in the past few minutes. Brent, which had been rising towards $65.50, has now fallen back underneath $65 per barrel. Brent for June delivery is right now at $64.91
Market News
All News-
Nasdaq 100 continues to lead the way as the 4pm London Fix approaches
As the 4pm London FX fix approaches, the dollar is just coming back from earlier highs. That saw the EUR/USD fall back to 1.1456. It was just now... -
USD/JPY unfazed by lower than forecast Richmond Fed index
The April EU consumer confidence and US Richmond Fed indexes have just been released. The markets were expecting the EU consumer to feel a little less... -
US equity markets open higher and advance in early trade -check out the Nasdaq 100
As expected and priced into the futures beforehand, the US equity markets did open higher this afternoon and despite some initial wobbly price action...
