Tag: Crude
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Crude oil prices are rising… and Brent is near $76 a barrel – (Update)
Crude oil prices rose for the first time in 3 consecutive sessions at the end of trading today, Monday, May 22, 2023, after a volatile session, amid fears of an economic recession that might limit demand. Caution about US debt ceiling talks and concerns about demand recovery in China offset support from lower supplies from…
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Crude oil prices are down 1%… and Brent is below $75 a barrel
Crude oil prices fell by more than 1%, during today’s trading, Monday, May 22, 2023, amid fears of an economic recession that may limit demand. Caution over US debt ceiling talks and concerns about demand recovery in China offset support from lower supplies from Canada and OPEC+ producers. Crude oil prices today By 06:55 a.m.…
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Crude oil prices are falling…and recording weekly gains – (Update)
Crude oil prices fell, at the end of trading today, Friday, May 19 (2023), but achieved the first weekly gain in 5 weeks. Crude prices had risen earlier in the day, as investors were cautiously optimistic about the fading risks of defaulting on US debt, but it seems that the results of the talks that…
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Crude oil prices rise 1%, and Brent is near $77 a barrel
Crude oil prices rose about 1%, during today’s trading, Friday, May 19 (2023), in an attempt to get rid of the losses incurred in the previous session. This comes as investors are cautiously optimistic about the fading risk of a US debt default, while watching the fate of the talks being conducted by Congress. Crude…
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Crude oil prices are down by more than 1%… and Brent is below $76 a barrel – (Update)
Crude oil prices fell by more than 1%, at the end of trading today, Thursday, May 18 (2023), amid fears of an economic recession that might affect demand. This comes as traders cautiously await signs of progress in talks to raise the US debt ceiling, which pushed the oil market higher in the previous session…
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Crude oil prices are falling… and Brent is below $77 a barrel
Crude oil prices declined marginally, during today’s trading, Thursday, May 18 (2023), amid fears of an economic recession that may affect demand. This comes as traders cautiously await signs of progress in talks to raise the US debt ceiling, which pushed the oil market higher in the previous session due to optimism about US demand…
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Crude oil prices rise 3%… Brent near $77 a barrel – (Update)
Crude oil prices turned up around 3%, at the end of trading today, Wednesday, May 17 (2023), with optimism about demand for crude and the possibility of reaching an agreement on the US debt ceiling. Crude prices fell during the session, after a sudden rise in US oil inventories, which raised concerns about demand in…
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Crude oil prices are down 1%, and Brent is near $74 a barrel
Crude oil prices fell about 1% during trading today, Wednesday, May 17 (2023), to continue recording losses for the second day in a row, amid fears of declining demand. Traders remained cautious after a surprise rise in US oil inventories raised concerns about demand in the wake of weaker-than-expected economic data from the US and…
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Crude oil prices fall in a volatile session… and Brent is below $75 – (Update)
Crude oil prices fell, at the end of trading today, Tuesday, May 16 (2023), after a volatile session; The impact of weak economic data in China overshadowed the announcement by the United States of its plans to buy huge quantities of crude to fill its strategic reserves. A batch of weaker-than-expected Chinese data indicated that…
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Crude oil prices are rising for the second day, and Brent is above $75 a barrel
Crude oil prices rose for the second day in a row, supported by the US’s announcement of its plans to buy huge quantities of crude oil to fill its strategic reserves. At the same time, a batch of weaker-than-expected Chinese data indicated that the soft economy failed to lower prices, as the market focused on…