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Brent Oil Futures - Jan 15 (LCOF5)

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72.51 -0.38    (-0.52%)
4:09:10 GMT - Real-time CFD Data. Currency in USD ( Disclaimer )
Type: Commodity
Group: Energy
Unit: 1 Barrel

  • Prev. Close: 72.89
  • Open: 72.59
  • Day's Range: 72.24 - 72.66
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Brent Oil 72.51 -0.38 (-0.52%)
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Brent Oil
 
 
 
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Latest Brent Oil Comments

Arien Kasidie
Arien Kasidie Nov 27, 2014 04:19PM GMT
i wonder if this will reach $75 again tomorrow or will fall further ....
Abdelfattah Alkahla
Abdelfattah Alkahla Nov 27, 2014 07:20PM GMT
will fall further till reach @60.
Arien Kasidie
Arien Kasidie Nov 28, 2014 12:44AM GMT
No, not that bad , come on ...
Arien Kasidie
Arien Kasidie Nov 28, 2014 12:53AM GMT
But Honestly, I'm afraid you might be right :( ...

Vladimir  Makarov
Vladimir Makarov Nov 27, 2014 04:18PM GMT
Now two ways: Either there are conspiracy and the United States and Saudi Arabia want to strangle the economy of Russia, or in order to stifle the shale gas revolution in the United States. Your opinion?
Ulysses Lim
Ulysses Lim Nov 28, 2014 12:00AM GMT
It's no conspiracy. It's the market forces balancing out. All prices eventually regress to the mean. For many years, oil was priced well below $30/barrell, then we had a 4-5 year period of frequent prices above $100, which created opportunity for more investment into drilling technology, hence the increase in supply. It's out of OPEC's hands. If prices remain above $70-$75, the U.S. companies can continue increasing production. A rebound in prices will depend on how quickly these companies go bankrupt--i.e., default on their loans--due to a fall-off in their revenue as a result of lower oil prices. The magic number could be $60, it might be $50. Nobody is going to volunteer to stop producing oil as these oil projects are very expensive to start-up to begin with, they have to keep drilling until the lights go out. They will have to get margined out the same way oil traders get margin calls. Expect increased M&A activity among the energy producers to wether lower oil prices.

Jagjit Sidhoo
Jagjit Sidhoo Nov 27, 2014 03:54PM GMT
Lets see how much it drops ..
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