... to budget more accurately and manage costs. Investors should also consider that high inventories could limit oil price growth, potentially reducing the returns on investments in oil-related assets. Market Response Following the report's release, oil prices showed a slight uptick; however, the long-term outlook depends on demand dynamics and further inventory accumulation. Currently, Brent was trading at $75.66 per barrel, while WTI stood at $72.37 per barrel. If supply remains high, it will put downward pressure on oil prices, which is advantageous for procurement but may limit profitability for investors. Reasons for Oil Inventory ...

... conditions for a gradual recovery in business activity in the second half of the year. Commodity Markets: Oil Balances, Gold Returns in Value Commodity markets have established relative equilibrium, although the influence of fundamental factors diverges. Oil prices are being held in a narrow range, reflecting the struggle between supply and demand forces. The North Sea Brent benchmark traded around $68–69 per barrel by the end of the week—about 1% lower than the levels at the beginning of July. On one hand, expectations of a global economic slowdown and weak macro data from the US and China limit the potential for ...

... Russia's budget system in 2025 will be a drop in raw material prices. The OPEC+ alliance, at its most recent meeting last week, extended the validity of the current quotas until March 2025, but the markets did not react positively. Tereshkin noted that the price of benchmark Brent crude oil remains in the range of $72–$75 per barrel. Earlier, Igor Yushkov, an expert at the National Energy Security Fund and the Financial University under the Government of Russia, expressed the opinion that new U.S. sanctions against Russian ...

... oil production. Consequently, the amount of fuel in the market will rise. This increase will lead to an oversupply, and as a result, further price declines. Until recently, experts believed that the chances of a significant price drop were low. The price of Brent crude oil would hardly fall below $65 per barrel—unless speculators or other large players interfered again. However, the situation with Urals crude oil is much worse. A large batch of fuel was found to be contaminated with chlorine, used to reduce ...

... "Due to the shortage on the global market, commercial oil and petroleum product stocks in OECD countries dropped by 28,000 barrels, which is almost 30% equivalent to the daily global demand. This, in turn, slightly boosted price growth: the average price of Brent oil increased from $82 to $85.3 per barrel from May to July 2024," added the CEO of Open Oil Market. He reminded that in August, oil prices fell below $80 per barrel. On one hand, the markets "adjusted" to OPEC+'s June decisions,...