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Crude Oil Brent F Dec '23 (QAZ23)
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Crude Oil Brent (F) Prices for [[ item.sessionDateDisplayLong ]]
Find the latest Crude Oil Brent (F) prices and Crude Oil Brent (F) futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Mon, Mar 4th, 2024.
Latest price quotes as of [[ snapshotDate ]].
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
Looking for expired contracts? Check out our Crude Oil Brent (F) Historical Prices page.

Crude Oil Brent (F) Futures Market News and Commentary

Crude Prices Supported by Geopolitical Risks and Tighter Supplies

April WTI crude oil (CLJ24) on Friday closed up +1.71 (+2.19%), and Apr RBOB gasoline (RBJ24) closed up +3.34 (+1.29%).

Crude oil and gasoline prices on Friday closed moderately higher, with crude posting a 3-3/4 month high and gasoline posting a 5-1/2 month high.  A weaker dollar on Friday was supportive of energy prices.  Crude also has support on expectations that OPEC+ next week would extend its roughly 2 million bpd of crude production cuts beyond March.  In addition, the ongoing attacks by Houthi rebels on commercial shipping in the Red Sea have disrupted Middle Eastern crude supplies and strengthened the U.S. physical oil markets as foreign buyers turn to U.S. crude supplies to avoid shipping issues.  Crude prices fell back from their best levels Friday after weekly data from Baker Hughes showed active U.S. oil rigs rose to a 5-month high.

Crude prices are supported by concern that the Israel-Hamas war will widen to Lebanon.  Hezbollah and Israel have traded fire... Read more

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