morgan stanley cuts brent crude price view

Gold vs Oil | Yellow metal up 13%, Brent crashes 17% in three months: What should you bet on amid rate cuts?

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Gold vs Oil | Yellow metal up 13%, Brent crashes 17% in three months: What should you bet on amid rate cuts?

Gold vs Oil: Commodity baskets, including gold, silver, and crude oil, among others, have swung by huge margins ever since the US Federal Reserve delivered its supersized interest rate cut by 50 basis points (bps). Monetary policy rates have varying effects on gold and crude oil prices due to the relative appeal of the commodities, … Read more

Oil recovers 3% from 33-month low after Hurricane Francine instils supply fears; Brent at $71, WTI gains over $2

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Oil recovers 3% from 33-month low after Hurricane Francine instils supply fears; Brent at $71, WTI gains over $2

International crude oil prices slightly recovered from a 33-month low level and climbed three per cent or over $2 a barrel on Wednesday, September 11, driven by fears of lengthy production shutdowns in the offshore oil patch due to Hurricane Francine. The recovery in prices also came after an increase in US crude inventories reported … Read more