Brent Oil Futures - Apr 16 (LCOJ6)

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34.13 -0.33    -0.96%
05/02 - Closed. Currency in USD ( Disclaimer )
Type: Commodity
Group: Energy
Unit: 1 Barrel

  • Prev. Close: 34.46
  • Open: 34.39
  • Day's Range: 33.81 - 35.12
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Brent Oil 34.13 -0.33 -0.96%
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Brent Oil Analysis

iFOREX Daily Analysis – 05/02/2016
By iFOREX - Feb 05, 2016

The dollar extended losses against a basket of the other major currencies Thursday, as it remained under pressure amid uncertainty over how much the Federal Reserve will be able to raise interest ...

Littlefish FX
London Forex Report: Fed Comments Rock USD
By Littlefish FX - Feb 04, 2016

London Forex Report: Fed comments from 2 top officials suggest that the Fed is in no hurry to hike rate when they meet next month. New York Fed chair William Dudley cautioned against tighter financial...

A Night Of Breath-Taking Market Moves
By IG - Feb 04, 2016

We’ve seen an incredible night of moves in markets and perhaps a turning point has been seen. If we want to see a circuit breaker for these markets, it has to come from a weaker USD and that ...

Euro Ready To Pass 1.0950 Resistance
By Alpari - Feb 03, 2016

EUR/USD 1H Yesterday’s Trading:My Tuesday’s expectations came off in full. The euro/dollar fell one point short of the 1.0940 target. The falling stock indices and oil prices helped the ...

Oil Is VIX'S New Best Friend
By IG - Feb 03, 2016

Oil is the VIX’s best friend The two areas affecting the markets over the past five to six weeks all came to a head in one US-European session as the relationship between oil and volatility ...

How Will Crude Oil Inventories Impact Price?
By ACFX - Feb 03, 2016

A little over a week ago, the markets were getting increasingly excited over a sudden rise in the price of crude oil. There was even talk that a breakthrough agreement between Russia-OPEC would hammer...

Phil Flynn
Oil Prices Hurt Big And Small
By Phil Flynn - Feb 02, 2016

Oil price doom and gloom is keeping International Monetary Fund director Christine Lagarde awake at night. The myth that low oil prices are always a positive for the economy is being shattered with ...

Brent Oil: Near Key Level Above Support
By FxGrow - Feb 02, 2016

Oil Brent - near key level above support In previous analysis I indicated target for upward movement 36.00, I wrote: "rebounds at oil were usually dynamic so while the key levels weren't broken ...

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Latest Brent Oil Comments

Burçkaan Gürgün
Burçkaan Gürgün Feb 05, 2016 1:13PM GMT
Oil prices should not rise to the levels that could cripple the economy, sky should not be the limit; also taxing needs to be worldwide to maintain the ecosystem and support the growth of alternatives for the post oil era. For this, supply needs to find scientific ways to adjust to demand volumes, and shrinkage of demand does not necessarily mean shrinkage of income, True price of oil needs to be based on the current reserves.
Burçkaan Gürgün
Burçkaan Gürgün Feb 05, 2016 1:12PM GMT
I believe not only US but oil producing countries such as China, Russia even Iran need to tax their oil consumption, in the same levels as the rest of the world and use the funds for the ecosystem. May be it will be possible to see Tehran with less traffic and air pollution, come on Iran you also produce a lot of natural gas; it should be possible to to breath clean air in your cities, China! think of Beijing; clean air anybody?
Mehdi Banazadeh
Mehdi Banazadeh Feb 05, 2016 2:55PM GMT
Ivan Chelovekov
Ivan Chelovekov Feb 05, 2016 3:06PM GMT
@Burçkaan you probably don't know. BUT Russia has already had the Tax for Oil. And the Tax is much more than $10 per barrel.
Burçkaan Gürgün
Burçkaan Gürgün Feb 05, 2016 4:28PM GMT
@Ivan Chelovekov -My only visit to Moscow must have happened more than 6 years ago, I must have been left behind, but you get my point right? Also despite the cold air, air was extremely breathable during my visit.
Ivan Chelovekov
Ivan Chelovekov Feb 05, 2016 5:30PM GMT
@Burçkaan Yeah. I do agree with you! People should be more responsible.
Burçkaan Gürgün
Burçkaan Gürgün Feb 05, 2016 1:11PM GMT
True price of oil can not be set solely by production limits, I support Obama in adding tax to oil consumed. We all need to pay this tax to maintain a healthy ecosystem, this planet is our home, here in Istanbul, in this part of the planet, we probably pay the highest tax on oil, I believe the game field needs to be more balanced, hence markets can grow heterogeneously through the planet.
Ivan Chelovekov
Ivan Chelovekov Feb 05, 2016 3:11PM GMT
@Burçkaan Here in Russia taxes are the 80% of gasoline price. Most public transportation are fueled by electricity. Electricity is used for 40+ years.
Burçkaan Gürgün
Burçkaan Gürgün Feb 05, 2016 4:30PM GMT
@Ivan Chelovekov -that is the smart way, keep the air clean!
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