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(Bloomberg) -- Rising U.S. Treasury yields are starting to concentrate minds in the world of emerging markets.

Saudi Arabia’s voluntary output cut lends support to Brent, may breach $70 in 2021 09/02/2021 Argaam Special Share by Parag Deulgaonkar Saudi Arabia’s voluntary decision to cut crude production supported prices with Brent likely breaching the $70 mark during the year, Emma Richards, senior industry analyst at Fitch Solutions, told Argaam.   “The surprise cut from Saudi has undoubtedly given a lift to Brent. Perhaps more importantly, it reaffirms the Kingdom’s strong commitment to the OPEC+ deal and continued close mana...

Saudi Arabia’s pledge of extra supply cuts in February and March is supporting oil prices

Saudi Arabia’s pledge of extra supply cuts in February and March is supporting oil prices

Oil bulls see Brent hitting $70 by year-end issacjohn@khaleejtimes.com Filed on January 14, 2021 The EIA said in its January short-term energy outlook (STEO) report that oil prices are further expected to increase in 2022. — Reuters EIA has already raised modestly its forecast for Brent spot average and West Texas Intermediate (WTI) spot average prices for 2021. With oil markets roaring ahead in the first two weeks of 2021 to record a 10-month high, analysts do not rule out that prices of Brent and WTI could even breach $70 per barrel and $65 per barrel respectively by year-e...