Page 2 - Amy Sergeant News Today

(Bloomberg) -- Morgan Stanley increased its third- and fourth-quarter price forecasts for global benchmark Brent crude by $10 a barrel due to a greater-than-expected supply deficit driven by Russia and Iran.

The bank raised its third quarter estimate to $130 a barrel.

Morgan Stanley increased its third- and fourth-quarter price forecasts.

Crude oil supply and demand issues are creating a bullish stance. Buying crude oil sensitive companies on weakness makes the most sense. Read more...

Extreme volatility in oil markets is here to stay as open interest in oil futures has fallen to a seven-year low, making a less-liquid market even more prone to wild price swings

ASX 200 energy shares are leading the benchmark higher today. We look at the latest big moves in global crude oil markets.

Rampant volatility continued Thursday in crude futures as contracts spiked over 8%.

Iron ore dived 17 per cent this week as Beijing stepped up efforts to stop price speculation and hoarding, which it believes fuelled the commodity’s rally.

European carmakers heavily rely on Chinese export.

Rio will use its heft as a major power consumer to underwrite clean energy projects that will reduce the carbon footprint of its Queensland aluminium smelter.