Latest Brent Oil prices and news
March 9 (Bloomberg) -- Brent crude oil may average $75 a barrel this year and trade between $60 and $85 as Saudi Arabia, OPEC’s largest supplier, maintains output policies to keep prices stable, Credit Suisse Group AG said.
Crude oil prices slipped back from eight-week highs Tuesday, pressured by a stronger U.S. dollar and uncertainty about an economic recovery. U.S. light, sweet crude for April fell 38 cents to settle at USD81.49. London Brent crude was also lower.
Oil failed to find momentum in either direction for a clear move away from $81.50 on Wednesday as investors waited for data on U.S. stocks or OPEC's monthly report ahead of next week's meeting to provide impetus.
Oil prices drifted down to near $81 a barrel Wednesday in Asia after a report showed mixed evidence about U.S. crude demand.
Oil fell toward $81 a barrel on Wednesday in volatile trade as expectations for a gain in U.S. crude stockpiles offset surging Chinese imports.
Oil reversed earlier losses to gain a few cents toward $82 on Wednesday after China said imports jumped in February, boosting evidence that emerging Asian economies will lead global demand back into growth this year.
Oil prices hovered above $81 a barrel Wednesday in Asia after a report showed mixed evidence about U.S. crude demand.
Oil fell for a second day on Wednesday after an industry report showed U.S. crude stockpiles jumped more than expected last week, dampening hopes of a strong recovery of demand in the world's top user.
