Brent Weekly FX Forecasts

First, a review of last week’s events: EUR/USD. The coronavirus pandemic continues to drive global markets. The oil wars between Saudi Arabia and Russia, which, of course, do not do without the active intervention of the United States, add to the nervousness. This country, whose shale oil is anothe....

First, a review of last week’s events: EUR/USD. The statistics in the United States (including ISM and NFP) look rather optimistic. The US indices have updated their record levels over the past five days: The Dow Jones is 29393 and the S&P500 is 3345. Production orders in Germany have been fall....

20170818 Weekly Report Monday 14 August 2017 – Friday 18 August 2017   ENERGY WTI oil jumped strongly on Friday after unconfirmed reports of a shutdown of one of the largest oil refineries in the US eased concerns about global oversupply which kept oil prices under pressure for the most of the week....

20170811 Weekly Report Monday 07 August 2017 – Friday 11 August 2017   ENERGY Crude oil ended the second consecutive week in red, pressured by fears of global oversupply. WTI contract for September delivery was down around 1.6% for the week, while September contract of UK Brent oil registered smalle...

20170630 Weekly Report Monday 26 June 2017 – Friday 30 June 2017   ENERGY WTI Oil ended week in strong bullish mode for the first time since mid-May, ending cycle of five consecutive weeks in red. Recovery rally from multi-month low $42.04, the lowest since mid-November 2016, where five-week descend...

20170623 Weekly Report Monday 19 June 2017 – Friday 23 June 2017   ENERGY WTI oil bounced from fresh multi-month low at $42.04 per barrel on Thursday / Friday and managed to recover part of its losses earlier in the week, but oil is still set for its worst first-half decline in two decades despite o...

20170609 Weekly Report Monday 05 June 2017 – Friday 09 June 2017   ENERGY WTI Crude oil did not show stronger reaction on geopolitical crisis that broke up in the Middle East on Monday after Saudi Arabia, United Arab Emirates Bahrain and Egypt severed their ties with Qatar in unexpected action, accu...

20170526 Weekly Report Monday 22 May 2017 – Friday 26 May 2017   ENERGY WTI Crude oil maintained positive tone at the beginning of the week, extending broader uptrend from May 5 low at $43.74, on wide expectations in the markets that OPEC will extend its production cut that aimed to support oil pric...

Weekly Report Monday 24 Apr 2017 – Friday 28 Apr 2017 ENERGY WTI Oil posted the second weekly loss and stayed below psychological $50.00 level which was broken previous week. Crude oil was under pressure as investors doubted willingness of oil producers to extend its output cut deal for the next six...

Weekly Report Monday 17 April 2017 - Friday 21 April 2017 ENERGY WTI Oil ended week strongly in red, marking the biggest weekly drop in a month that approached psychological $50.00 support on strong fall on Wednesday. Various factors are pressuring oil price which is in steady descend from recovery ...

Weekly Report Monday 10 Apr 2017 – Friday 14 Apr 2017 ENERGY WTI Oil rallied for the third consecutive week and hit fresh five-week high at $53.74, gaining 1.15% for the week. Oil price was supported by heightened geopolitical tensions in the Middle East, the region that provides more than a quarter...