Oil at $115: Brent retreats from six-month high despite lingering concerns
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
US crude futures declined $1.82, or 2%, to $101.48 a barrel, while Brent crude futures dropped $1.50, or 1.72%, to $115 a barrel. Both benchmarks had settled nearly $3 higher on Friday following Houthi attacks in Saudi Arabia that heightened concerns over energy supplies. Brent…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishCrude price moves feed into inflation expectations and rate outlooks, with effects across energy markets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01US crude futures fell $1.82, or 2%, to $101.48 a barrel.
- 02Brent crude futures dropped $1.50, or 1.72%, to $115 a barrel.
- 03Both benchmarks had settled nearly $3 higher on Friday after Houthi attacks in Saudi Arabia.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Brent Crude Oil (continuous future)114.29 USD-0.24%today -2.08%Negative Crude Oil WTI100.97 USD-0.12%today -2.23%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets