Crude oil prices began the week with a dip on traders’ expectations of a boost in diesel fuel supply under the deal agreed by the presidents of Russia and the United States. At the time of writing, Brent crude was changing hands for $107.84 per barrel, with WTI trading at $100.29 per barrel. This compares to $105.61 for a barrel of Brent crude last Monday and $93.37 for a barrel of WTI crude a week ago.
What will happen to the Brent oil price over the next few quarters?Analysts at BMI and Standard Chartered have outlined their thoughts on where the commodity is heading in the not-too-distant future in separate reports sent to Rigzone recently.
Curious Minds Corner
What is a petroleum source rock?
An organic-rich rock capable of generating hydrocarbons when exposed to sufficient heat and pressure.