• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Brent holds between $114 and $117 as geopolitics keeps a floor under prices

FinanceInternationalShale2435 s readAI summary
Image: Shale24

Brent held on Tuesday in a range of $114 to $117 per barrel, while December WTI traded at $101. Talks between Iran, Saudi Arabia, Turkey and Pakistan to reduce tensions support short-term declines, but new Houthi attacks on Saudi Arabia keep attention on risk to production and transport. Goldman Sachs estimated that around $27 per barrel reflected a risk premium.

In 35 seconds

  • Brent held in a range of $114 to $117 per barrel and December WTI traded at $101.
  • Talks between Iran, Saudi Arabia, Turkey and Pakistan support short-term declines, while Houthi attacks keep risk to production and transport in focus.
  • Goldman Sachs estimated that about $27 per barrel corresponded to a risk premium.
Read the full story at Shale24

IASummary generated by artificial intelligence from a story by Shale24. It may contain errors: the original source prevails.

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