Tag: Crude
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Crude oil prices rise 1.5%.. Brent is above $75 a barrel – (Update)
Crude oil prices rose by about 1.5% at the end of trading today, Monday, May 15 (2023), in an attempt to compensate for the losses incurred during the past 3 sessions, amid expectations of scarce supplies. Bullish sentiments about shrinking supplies from OPEC+ cuts and resumption of buying in the US to shore up the…
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Crude oil prices are falling… and Brent is below $74 a barrel
Crude oil prices fell during trading today, Monday, May 15 (2023), for the third consecutive session, amid fears of an economic recession that threatens demand. Growing concerns about fuel demand in the world’s two largest oil consumers, the United States and China, offset bullish sentiments about tightening supplies from OPEC+ cuts and the resumption of…
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Crude oil prices rose after a volatile session… and Brent is above $77 – (Update)
Crude oil prices rose, at the end of trading today, Tuesday, May 9 (2023), after a volatile session, with optimism about fuel demand during the summer. The market remained cautious ahead of the US April inflation data, which will be key to the next Fed rate decision. And the US Energy Information Administration raised its…
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Crude oil prices fall by more than 1% and record losses for the fourth week – (Update)
Crude oil prices fell by more than 1%, at the end of trading today, Friday, May 12 (2023), for the third session in a row, to record its fourth weekly loss. This comes with renewed economic concerns in the United States and China, which exceeded expectations of fuel demand growth in the two largest oil…
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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 decline 1.5% after US inventories data – (Update)
Crude oil prices fell by more than 1.5% at the end of trading today, Wednesday, May 10 (2023), after 3 sessions of gains, with the release of US inventories data. As an unexpected rise in US oil inventories raised concerns about demand for crude, while investors evaluated US inflation data that showed a slowdown in…
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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…