Tag: Brent
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Crude oil prices are falling… and Brent is below $75
Crude oil prices fell, during trading today, Friday, May 12 (2023), for the third session in a row, and are heading to record their fourth weekly losses. This comes with renewed economic concerns in the United States and China, which exceeded expectations of fuel demand growth in the two largest oil consuming countries in the…
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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…
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Crude oil prices are rising… and Brent is near $77 a barrel
Crude oil prices rose, during today’s trading, Thursday, May 11 (2023), in an attempt to compensate for the losses incurred in the previous session. This comes with the support of fuel demand data from the United States, the world’s largest oil consumer, which saw larger-than-expected withdrawals over the past week. Crude oil prices today By…
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Crude oil prices are declining… and Brent is at $77
Crude oil prices fell during today’s trading, Wednesday, May 10 (2023), after 3 sessions of gains. An unexpected rise in US oil inventories raised concerns about demand, and investors await US inflation data to gauge the next rate decision in the largest oil consuming country. Crude oil prices today By 07:07 AM GMT (10:07 AM…
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Crude oil prices rise by more than 2.5%… and Brent exceeds $77 – (Update)
Crude oil prices rose by more than 2.5%, at the end of trading today, Monday, May 8 (2023), for the second session in a row, in an attempt to reduce the losses incurred during the past week. This comes after easing fears of a recession in the US, which led to prices falling for 3…
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Crude oil prices are rising… and Brent is near $76
Crude oil prices rose, during trading today, Monday, May 8 (2023), for the second session in a row, in an attempt to reduce the losses they suffered during the past week. This comes after easing fears of a recession in the US, which led to prices falling for 3 consecutive weeks for the first time…
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Crude oil prices fall by more than 5%.. and Brent is less than $76 – (Update)
Crude oil prices deepened their decline by more than 5%, at the end of today, Tuesday, May 2 (2023), in light of expectations of an increase in US interest rates, and weak economic data from China. Brent and West Texas Intermediate crude prices fell for the third consecutive session, with expectations of a decline in…
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Crude oil prices deepen their losses by more than 4%… and Brent is below $73 – (update)
Crude oil prices deepened their losses to more than 4%, at the end of trading today, Wednesday, May 3 (2023), to continue bleeding losses for the third consecutive session. This comes amid investor concerns about a global economic recession, after the Federal Reserve raised interest rates by a quarter of a percentage point. Crude oil…
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Crude oil prices fall in a volatile session… and Brent is above $72 – (Update)
Crude oil prices varied, at the end of trading today, Thursday, May 4 (2023), as US West Texas crude fell, while Brent crude rose above $ 72, in an attempt to compensate for losses that amounted to more than 9% during the previous 3 sessions. This comes as demand concerns among major consumers outweighed signs…
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Crude oil prices rise 1%, and Brent is above $73
Crude oil prices rose more than 1% during trading today, Friday, May 5 (2023), but they are preparing to record weekly losses for the third time in a row. This comes after the markets witnessed a significant drop amid fears of a weak US economy and slowing Chinese demand. Crude oil prices today By 06:51…