Brent
Brent was described as volatile but still supported by geopolitical and physical-market tightness: it moved from about $97–$98 to above $100 and near $104 during the period 192124. Rory Johnston argued that steep backwardation, elevated physical differentials and prompt spreads indicate acute demand for nearby barrels even as Gulf flows recover 20. Others pointed to recovering exports and a potentially balanced global market as reasons for softer prices and a year-end Brent forecast of $85 2123.
From the window to Oct 7, 05:30 ET — this window's take is still to be written.
Where the voices land
All voices 1 voice1 bearish
Strongly bearish
- RBRobin BrooksStrongly bearish Expects Brent to fall to around $90, well below the $110 seen in March and April. “Brent should be around $90 versus $110 in March and April.” Open the post Volumes of crude out of the Persian Gulf are run… · 13 Oct
1 bearish
Also asked
Risk 1 voice← rising · easing →1 rising
Very high risk
- RBRobin BrooksVery high risk Sees a huge and excessive risk premium currently priced into Brent. “A huge and excessive risk premium is priced in now...” Open the post Volumes of crude out of the Persian Gulf are run… · 13 Oct
Mentions
19 this weekStories it travels in
i
The stories
- ○ a voice, on the left
- ◌ a voice raising half of these
- ● a subject, on the right, under its story
- ⌒ a line is a voice raising a subject — thicker, more items; colour is the story
The stories this entity travels in: on the right, each story with the subjects seen alongside it; on the left, the voices that raised them, and a line for every subject a voice raised, bundled by story. Tap a voice to light everything it raises, a subject for who raised it, a story for its own lines. The crumb goes back.
Who brings it up
- Rory Johnston 7 mentions
- David Lin 3 mentions
- Javier Blas 2 mentions
- Michael Every 2 mentions
- Josh Linville 2 mentions
- Bruno Santos 1 mention
- Steve H. Hanke 1 mention
- Peter Boockvar 1 mention
See what your own voices say about Brent, every morning.
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