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BZ1

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    47.4707$
  • Previous Close
    47.299$
  • 52 Week Change
    20.65$
  • Day Range
    0.17$
  • 52 Week High/Low
    30.5042$ - 51.1494$
  • Dividend Per Share
    0.0209
  • Market cap
    723 M$
  • EPS
    0.2
  • Beta
    0.808
  • Volume
    --

About

The financial product symbol BZ1.F typically refers to the front-month Brent Crude Oil futures contract traded on the Intercontinental Exchange (ICE) Futures Europe exchange. Brent Crude is a major global benchmark for crude oil pricing. The "BZ" indicates Brent Crude, "1" signifies the first contract month available for trading, and ".F" denotes that it is traded on the ICE Futures Europe exchange. Investors and traders use this contract to speculate on or hedge against changes in the price of Brent Crude oil. Its price fluctuations are influenced by supply and demand dynamics, geopolitical events, and global economic conditions.

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Factors

Crude Oil Prices: BZ1.F represents Brent crude oil futures. Therefore, movements in global crude oil prices directly influence its price.

Supply and Demand: Global oil supply (OPEC production, US shale output) and demand (economic growth, seasonal factors) dictate overall price levels.

Geopolitical Events: Conflicts, political instability, or sanctions in oil-producing regions can disrupt supply and drive prices higher.

Economic Data: Economic indicators (GDP growth, inflation, unemployment) provide clues about future oil demand, impacting price forecasts.

Inventory Levels: Crude oil inventory data from major consuming countries (US, China) reflect current supply/demand balances, affecting prices.

Currency Fluctuations: The strength of the US dollar (USD) influences crude oil prices, as oil is typically priced in USD.

Refining Margins: Refining profitability impacts demand for crude oil; higher margins often lead to increased refinery runs and higher oil prices.

Alternative Energy: Growth in renewable energy sources and energy efficiency initiatives can impact long-term oil demand and prices.

Weather Conditions: Extreme weather events can disrupt production or increase demand for heating oil, influencing prices.

Speculative Trading: Activities of hedge funds and other investors can amplify price movements in the oil futures market.

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