Tag: 2..
-
Crude oil prices rise 2%… Brent is above $78 a barrel – (Update)
Crude oil prices rose by about 2%, at the end of trading today, Wednesday, May 24 (2023), to continue to reap gains for the third consecutive session, amid fears of a supply shortage. This comes after the decline in US oil stocks and fuel supplies, and Saudi Energy Minister Prince Abdulaziz bin Salman warned speculators…
-
Crude oil prices fall by more than 2%… and Brent is below $75 – (update)
Crude oil prices fell by more than 2%, at the close of trading today, Thursday, May 11 (2023), with the rise of the US dollar, and amid fears of an economic recession. Crude prices rose during the session, supported by fuel demand data from the United States, the world’s largest oil consumer, which witnessed a…
-
Crude oil prices fall by more than 2%… and Brent is below $81 – (update)
Crude oil prices fell by more than 2% at the end of trading today, Tuesday, April 25 (2023), after two sessions of gains. This comes with uncertainty about the global economic outlook and a rising US dollar, which outweighed investor optimism about demand in China and expectations of lower US oil inventories. Crude oil prices…
-
Crude oil prices are down 2%… and Brent is below $85 – (update)
Crude oil prices fell by more than 2%, at the end of trading today, Monday, April 17 (2023), amid fears of a global economic recession that may affect demand. Markets had started the morning trading on the upside, supported by OPEC + plans to cut more production, and investors looked to Chinese economic data for…
-
Crude oil prices rise 2%… and Brent is above $87 – (Update)
Crude oil prices rose by more than 2% at the end of trading today, Wednesday, April 12 (2023), to continue to reap gains for the second consecutive session, after the release of US inventories data. This comes at a time when US inflation data showed a decline in the consumer price index in the United…
-
Crude oil prices rise 2%… and record monthly and quarterly losses – (Update)
Crude oil prices rose by about 2%, at the end of trading today, Friday, March 31 (2023), with fears of supply shortages, but they recorded monthly and quarterly losses. The markets had started Asian trading on the decline with the return of fears of a global recession affecting demand. Baker Hughes data showed that the…
-
Crude oil prices rise 2%… and Brent is above $79 – (Update)
Crude oil prices rose by about 2%, at the end of today’s trading, Thursday, March 30, 2023, to record the highest level in more than two weeks. This comes as investors closely await developments in Iraqi Kurdistan’s oil exports, at a time when a sudden drop in US oil inventories compensated for a less-than-expected drop…
-
Crude oil prices rise 2%… and Brent is above $82 – (Update)
Crude oil prices rose by about 2%, at the end of today’s trading, Thursday, February 23 (2023), to rise for the first time in 7 consecutive sessions, with the release of the inventory report in the United States. Market players are re-evaluating their positions after the US Federal Reserve stoked concerns about the economy by…
-
The global price of a barrel of oil rises 2%… and Brent crude is above $83 (update)
The price of a barrel of oil rose globally by about 2% during trading today, Friday, February 3 (2023), after strong job data in the United States, but it is heading to record weekly losses for the second time in a row. Investors are seeking more clarity on the impending European ban on Russian refined…
-
The global price of a barrel of oil is down 2%… and Brent crude is under $87 – (update)
The global price of a barrel of oil declined by more than 2% at the end of trading today, Tuesday, January 24 (2023), amid fears of a slowdown in the US economy. The oil markets had started the Asian trading on the rise, amid hopes for a recovery in demand for fuel from China, the…