Brent Oil Futures - Aug 23 (LCOQ3)

76.40
+2.12(+2.85%)
  • Prev. Close:
    74.28
  • Bid/Ask:
    76.26/76.32
  • Day's Range:
    74.18 - 76.50
  • Type:Commodity
  • Group:Energy
  • Unit:1 Barrel

Brent Oil Futures Overview

Prev. Close
74.28
Month
Aug 23
Tick Size
0.01
Open
74.28
Contract Size
1,000 Barrels
Tick Value
10
Day's Range
74.18-76.5
Settlement Type
Physical
Base Symbol
B
52 wk Range
70.06-125.19
Settlement Day
06/30/2023
Point Value
1 = $1000
1-Year Change
-35.04%
Last Rollover Day
05/28/2023
Months
FGHJKMNQUVXZ
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Technical Summary

Type
5 Min
15 Min
Hourly
Daily
Monthly
Moving AveragesBuyBuyStrong BuySellSell
Technical IndicatorsStrong SellStrong BuyStrong BuyBuyStrong Sell
SummaryNeutralStrong BuyStrong BuyNeutralStrong Sell
  • VIENNA (Reuters) -OPEC and its allies are discussing deepening oil production cuts, possibly by as much as 1 million barrels per day, three sources told Reuters on Friday as oil prices fell towards $70 per barrel and market analysts spoke of a new supply glut.
    1
    • I dont bet on fodball og by lotto, but i took s small SP here for the weekend 😂
      0
      • Hahaha I also think some people will be surprised, otherwise it's too predictable.
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      • I dont think they will cut, they have to adapt to reality and se the price go back to before corona 50-70 level
        2
      • I think you're right
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    • all cash. I think there's a good chance ABS flexes his muscles and cuts. But nothing is guaranteed.
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      • The price keeps climbing, last time it did this before closing before opec meeting it skyrocketed. Maybe we have the same situation on our hands.
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        • Opec+ meeting Sunday Is a ministerial level the prince will make his presence felt he will make statements he will speak his mind full stop
          0
          • The prince is ging to ouch some body he is definitely won't ouch bulls nor ouching himself what's left is the shorts sellers if he does nothing bulls will hurt which is counter productive so he must back his words let's see Sunday
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            • June 2, 2023 1:00 PM EDTBaker Hughes Rig Count: U.S. -15 to 696 Canada +10 to 97Baker Hughes Rig Count: U.S. down 15 to 696 rigs U.S. Rig Count is down 15 from last week to 696 with oil rigs down 15 to 555, gas rigs unchanged at 137 and miscellaneous rigs unchanged at 4. U.S. Rig Count is down 31 rigs from last year's count of 727 with oil rigs down 19, gas rigs down 14 and miscellaneous up 2. The U.S. Offshore Rig Count is unchanged at 20, up 4 year-over-year. Baker Hughes Rig Count: Canada is up 10 to 97 rigs. Canada Rig Count is up 10 from last week to 97, with oil rigs up 9 to 51, gas rigs up 1 to 46. Canada Rig Count is down 20 rigs from last year's count of 117 with oil down 21, gas rigs up 1.
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              • (Reuters) - U.S. manufacturing and freight activity has declined for seven months running, reflected in falling consumption of diesel and other distillate fuel oils as well as industrial electricity sales.   Manufacturers reported another widespread downturn in May, according to the monthly purchasing managers' survey published by the Institute for Supply Management (ISM).   The ISM manufacturing index slipped to 46.9 (14th percentile for all months since 1980) and has been continuously below the 50-point threshold dividing expansion from contraction since November.
                1
                • peak oil 🛢️ was 2019
                  1
                • Haha stamp out and take weekend now max. Have a good one ;)
                  0
              • exit
                0
                • Closed LP at 76.23 from 74.41. Opened SP at 76.15. Looks like the resistance was respected, but i will trail my stop loss just to be safe
                  0
                  • Closed SP 75.5
                    0
                  • Wow, good job
                    0