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Crude Oil Brent Oct '20 (CBV20)

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Find the latest Crude Oil Brent prices and Crude Oil Brent futures quotes for all active contracts below.
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Crude Oil Brent Futures Market News and Commentary

Crude Oil Prices Fall Back After the IEA Cuts its Global Crude Demand Forecast

Sep WTI crude oil (CLU20) this morning is down -0.22 (-0.52%), Oct Brent crude oil (CBV20) is down -0.28 (-0.62%), and Sep RBOB gasoline (RBU20) is down -0.0038 (-0.31%).

The energy complex this morning is moderately lower. Prices fell back on demand concerns along with the IEA's cut in its global crude demand forecast for the rest of this year. Losses were contained by a weaker dollar and better-than-expected U.S. labor market data.

Global fuel demand concerns are bearish for crude prices after UK government data today showed UK road-fuel sales averaged 15,438 liters per filling station in the week through Aug 9, down -0.9% w/w and the first decline in 4 months.

Crude prices dropped to their lows today after the International Energy Agency (IEA) cut its global crude oil demand forecast for the last two quarters of this year by 500,000 bpd to 95.25 million bpd, citing weaker than expected global air travel from the Covid pandemic.

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