Brent Crude Broadly Steady at $75 a Barrel Amid Pending Policy Decisions -- Market Talk

Dow Jones

Feb 21, 2025

1126 GMT - Brent crude has been hovering around $75 a barrel since the beginning of the month likely due to pending policy decisions that could shift price direction, according to Commerzbank Research. "Oil prices appear to have been 'frozen' [...] a number of decisions are pending that could drive the oil price in one direction or the other," says Barbara Lambrecht. Future price movements will depend on OPEC+'s output decision, negotiations to end the war in Ukraine, the U.S.'s stance on Iran and President Trump's plan to rebuild strategic reserves, the commodity analyst says. According to Commerzbank, OPEC+ will likely delay its planned oil output increase to ensure the market doesn't risk a significant supply surplus and prevent prices from declining in the course of the year. (giulia.petroni@wsj.com)

(END) Dow Jones Newswires

February 21, 2025 06:26 ET (11:26 GMT)

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Future price movements will depend on OPEC+'s output decision, negotiations to end the war in Ukraine, the U.S.'s stance on Iran and President Trump's plan to rebuild strategic reserves, the commodity analyst says. According to Commerzbank, OPEC+ will likely delay its planned oil output increase to ensure the market doesn't risk a significant supply surplus and prevent prices from declining in the course of the year. 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Future price movements will depend on OPEC+'s output decision, negotiations to end the war in Ukraine, the U.S.'s stance on Iran and President Trump's plan to rebuild strategic reserves, the commodity analyst says. According to Commerzbank, OPEC+ will likely delay its planned oil output increase to ensure the market doesn't risk a significant supply surplus and prevent prices from declining in the course of the year. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SCO":"二倍做空彭博原油指数ETF","BK4588":"碎股","USO":"美国原油ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","UCO":"二倍做多彭博原油ETF","BK4585":"ETF&股票定投概念","DDG":"ProShares做空石油与天然气ETF","BK4570":"地缘局势概念股","DWT":"三倍做空原油ETN"},"translate_title":"由于政策决定悬而未决，布伦特原油价格基本稳定在每桶75美元——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CLmain":0.7,"SCO":0.6,"DWT":0.6,"USO":0.6,"UCO":0.6,"QMmain":0.6,"BZmain":0.6,"DUG":0.6,"DDG":0.6},"content_text":"1126 GMT - Brent crude has been hovering around $75 a barrel since the beginning of the month likely due to pending policy decisions that could shift price direction, according to Commerzbank Research. \"Oil prices appear to have been 'frozen' [...] a number of decisions are pending that could drive the oil price in one direction or the other,\" says Barbara Lambrecht. Future price movements will depend on OPEC+'s output decision, negotiations to end the war in Ukraine, the U.S.'s stance on Iran and President Trump's plan to rebuild strategic reserves, the commodity analyst says. According to Commerzbank, OPEC+ will likely delay its planned oil output increase to ensure the market doesn't risk a significant supply surplus and prevent prices from declining in the course of the year. (giulia.petroni@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 21, 2025 06:26 ET (11:26 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}