Independent Price Reporting Agency, QC Intel

Quantum Commodity Intelligence

Independent Price Reporting Agency

QC Intel

We are an independent price reporting agency (PRA) providing price assessments, original news and trade data for the global energy transition markets.

Our mission is to bring greater transparency to these rapidly developing markets, powering transactions and helping the world to decarbonize as efficiently as possible.

Commodities

Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. Crude oil can be refined to produce usable products such as gasoline, diesel and various forms of petrochemicals. It is a nonrenewable resource, also known as a fossil fuel, which means that it can't be replaced naturally at the rate we consume it and is therefore a limited resource.

<ul><li>Crude oil futures on Thursday were climbing higher, as benchmarks maintained the firmer start to December, albeit amid conflicting signals.</li><li>Front-month Feb26 ICE Brent futures were trading at $63.31/b (2033 GMT) versus Wednesday's settle of $62.67/b, while Jan26 NYMEX WTI was at $ 59.72/b against a previous close of $58.95/b.</li><li>Prices have found some support this week from the fading prospects of a ceasefire in the Russia-Ukraine conflict and the broader rise in geopolitical tensions, but it has not been enough to shake off the gloom around a growing surplus.</li></ul>

Crude oil futures on Thursday were climbing higher, as benchmarks maintained the firmer start to December, albeit amid conflicting signals.Front-month Feb26 ICE Brent futures were trading at $63.31/b (2033 GMT) versus Wednesday's settle of $62.67/b, while Jan26 NYMEX WTI was at $ 59.72/b against a previous close of $58.95/b.Prices have found some support this week from the fading prospects of a ceasefire in the Russia-Ukraine conflict and the broader rise in geopolitical tensions, but it has not been enough to shake off the gloom around a growing surplus.

Oil futures: Crude touches weekly highs on geopolitical tensions

<ul><li>Crude oil futures Wednesday were climbing higher amid a deteriorating geopolitical situation, although ongoing concerns over a growing surplus kept prices withing the recent narrow band.</li><li>Front-month Feb26 ICE Brent  futures were trading at  $62.70/b (2009 GMT) versus Tuesday's settle of $62.45/b, while Jan26 NYMEX WTI  was at  $58.98/b against a previous close of $59.32/b.</li><li>However, both benchmarks had traded higher earlier in the day.</li></ul>

Crude oil futures Wednesday were climbing higher amid a deteriorating geopolitical situation, although ongoing concerns over a growing surplus kept prices withing the recent narrow band.Front-month Feb26 ICE Brent  futures were trading at  $62.70/b (2009 GMT) versus Tuesday's settle of $62.45/b, while Jan26 NYMEX WTI  was at  $58.98/b against a previous close of $59.32/b.However, both benchmarks had traded higher earlier in the day.

Oil futures: Crude climbs higher as US-Russia talks falter

<ul><li>Crude oil futures were moving sideways to lower Tuesday as geopolitical tensions bumped up against nagging concerns over a 2026 supply glut.</li><li>Front-month Feb26 ICE Brent  futures were trading at $62.38/b (2010 GMT) versus Monday's settle of $63.17/b, while Jan26 NYMEX WTI was at $58.62/b against a previous close of $59.32/b.</li><li>Benchmarks steadied early in the week after OPEC+ confirmed the decision to leave Q1 production unchanged, but have struggled to hold gains amid the oversupply concerns.</li></ul>

Crude oil futures were moving sideways to lower Tuesday as geopolitical tensions bumped up against nagging concerns over a 2026 supply glut.Front-month Feb26 ICE Brent  futures were trading at $62.38/b (2010 GMT) versus Monday's settle of $63.17/b, while Jan26 NYMEX WTI was at $58.62/b against a previous close of $59.32/b.Benchmarks steadied early in the week after OPEC+ confirmed the decision to leave Q1 production unchanged, but have struggled to hold gains amid the oversupply concerns.

Oil futures: Crude edges down but amid geopolitics and glut concerns

<ul><li>Crude oil futures opened firmer after weekend events, including an attack on the key Black Sea port and OPEC+ maintaining its no change policy for Q1, which improved sentiment.</li><li>Front-month Feb26 ICE Brent futures were trading at $63.23/b (2003 GMT) versus Friday's settle of $63.40/b, while Jan26 NYMEX WTI was at $59.43/b against a previous close of $58.55/b.</li><li>Benchmarks strengthened as CPC suspended crude loadings at Novorossiysk early Saturday after an unmanned-boat strike tore into one of its offshore moorings, the latest in a string of attacks on the Black Sea export hub.</li></ul>

Crude oil futures opened firmer after weekend events, including an attack on the key Black Sea port and OPEC+ maintaining its no change policy for Q1, which improved sentiment.Front-month Feb26 ICE Brent futures were trading at $63.23/b (2003 GMT) versus Friday's settle of $63.40/b, while Jan26 NYMEX WTI was at $59.43/b against a previous close of $58.55/b.Benchmarks strengthened as CPC suspended crude loadings at Novorossiysk early Saturday after an unmanned-boat strike tore into one of its offshore moorings, the latest in a string of attacks on the Black Sea export hub.

Oil futures: Crude firmer after Black Sea attack, OPEC+ pause

<ul>
<li>Crude oil futures Friday were little changed although Brent tested weekly highs as doubts grow on the prospects for a Russia-Ukraine settlement.</li>
<li>Front-month Jan26 ICE Brent  futures were trading at $63.33/b (1854 GMT) versus Thursday's settle of $63.34/b, but off from the week's high of $63.76/b.</li>
<li>Jan26 NYMEX WTI was at $59.21/b , after trade resumed following a technical glitch.</li>
</ul>


Crude oil futures Friday were little changed although Brent tested weekly highs as doubts grow on the prospects for a Russia-Ukraine settlement.
Front-month Jan26 ICE Brent  futures were trading at $63.33/b (1854 GMT) versus Thursday's settle of $63.34/b, but off from the week's high of $63.76/b.
Jan26 NYMEX WTI was at $59.21/b , after trade resumed following a technical glitch.


Oil futures: Brent tests weekly highs, WTI resumes after CME glitch

We are an independent price reporting agency (PRA) providing price assessments, original news and trade data for the global energy transition markets. 

Our mission is to bring greater transparency to these rapidly developing markets, powering transactions and helping the world to decarbonize as efficiently as possible.