Victoria Scholar, head of investment at Interactive Investor, says the geopolitical volatility and limited supplies mean oil prices will continue to rise and are likely to pass well beyond the symbolic $100 per barrel level.
4 Dec 2020
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18 Dec 2018
Crude settled below $50 a barrel in New York for the first time in more than a year. A jump in inventories, falling equities and the anticipation of another Fed rate hike this week all putting downward pressure on prices.
25 Nov 2018
The global oil price slump pushed Brent crude below $60 a barrel in London for the first time in more than a year amid concerns over a potential supply glut.
24 Apr 2018
Brent crude oil rises for a sixth day to hit its highest since November 2014 at over $75 a barrel, buoyed by expectations that supplies will tighten as demand reaches record levels.
11 Jul 2017
Prices for oil could fall below $40 a barrel if efforts to rebalance the markets don't fully bear fruit. That's the view of a report by analysts at Goldman Sachs. Bloomberg's Tracy Alloway reports on "Bloomberg Markets: European Open."