12-month Brent futures near $90 a barrel, Europe Capital Partners says
USO•The 12-month Brent futures price moved toward $90 per barrel, exceeding the spot price and reaching its highest level since the aftermath of Russia’s 2022 invasion of Ukraine. Europe Capital Partners warned that an energy shock could raise inflation and weaken growth in developed economies.
1. Brent futures rise
Europe Capital Partners said the 12-month Brent futures price moved toward $90 per barrel, above the spot price, marking its highest level since the aftermath of Russia’s invasion of Ukraine in 2022. Gasoil prices rose more sharply as refining margins widened. The firm said higher energy costs are expected to squeeze corporate margins and household purchasing power, prompting investors to adapt portfolios.
