Tag: Crude
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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 jump by more than 4% … and record weekly losses – (update)
Oil prices extended their gains to more than 4%, at the end of trading today, Friday, May 5 (2023), but recorded weekly losses for the third time in a row. This comes after the markets witnessed a significant decline amid fears of the economic impact of higher interest rates and slowing Chinese demand. Oil drilling…
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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…
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Crude oil prices extend their losses by 3%.. and Brent is near $73 (update)
Crude oil prices extended their losses to about 3% during trading today, Wednesday, May 3 (2023), to continue bleeding losses for the third consecutive session. This comes amid investors’ concern about a global recession, with the Federal Reserve expected to raise interest rates later in the day. Crude oil prices closed the previous session at…
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Crude oil prices are down 1.5%… Brent is below $80 – (Update)
Crude oil prices fell globally by about 1.5%, at the end of the day, Monday, May 1 (2023), affected by economic tensions related to the prospects of the US Federal Reserve raising interest rates again. Crude prices were also affected by weak Chinese manufacturing data, at a time when the market expects a crisis with…
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Crude oil prices are dropping at the beginning of the week’s trading… and Brent is below $80 a barrel
Crude oil prices fell globally, today, Monday, May 1 (2023), affected by economic tensions related to the prospects of the US Federal Reserve raising interest rates again, and starting to cut OPEC + production. Crude prices were also affected by weak Chinese manufacturing data, at a time when the market expects a crisis with the…
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Crude oil prices are down 4%… Brent is below $78 – (Update)
Crude oil prices fell by about 4% at the end of trading today, Wednesday, April 26 (2023), to continue bleeding losses after falling by more than 2% during the previous session, with concerns about demand. This comes as the market evaluated the weak US data that raised fears of a recession in the world’s largest…