Tag: falling
-
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…
-
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…
-
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…
-
Crude oil prices are falling… and Brent is below $85
Crude oil prices fell, during today’s trading, Thursday, April 6 (2023), for the second consecutive session; US economic data raised concerns about a possible global recession and reduced demand. Prices are heading towards achieving weekly gains after OPEC + announced more production cuts and the decline in US oil stocks. Crude oil prices rose for…
-
Crude oil prices are falling… and Brent is below $76
Crude oil prices fell, during trading today, Friday, March 24, 2023, for the second day in a row, amid expectations of a possible surplus in supply. This came after US Energy Secretary Jennifer Granholm said that refilling the country’s strategic oil reserves could take several years. Despite the decline; Crude oil prices are heading for…
-
Oil prices are falling… and Brent crude is near $76
Oil prices fell, during today’s trading, Thursday, March 23, 2023, after 3 sessions of gains. This comes after Federal Reserve Chairman Jerome Powell highlighted the credit risks in the banking sector of the largest economy in the world, in conjunction with the rise in US oil stocks more than expected. The US Federal Reserve decided…
-
Crude oil prices are falling… and Brent is below $75
Crude oil prices fell in Asian trading this morning, Wednesday, March 22 (2023), to trim their gains for two consecutive days. The decline came after an industrial report showed that US oil inventories rose unexpectedly last week, indicating the possibility of weak demand for fuel. Crude oil prices were, amid expectations of a breakthrough in…
-
Crude oil prices are falling for the second day, and Brent is below $80 a barrel
Crude oil prices continued to decline, today, Tuesday, March 14 (2023), for the second day in a row, as Brent crude fell by 1%, after declining at the close of trading yesterday, Monday, by more than 2.5%, after announcing the collapse of the “Silicon Valley” bank. American. The collapse of the “Silicon Valley” Bank left…
-
Crude oil prices are falling… and Brent is below $83 – (Update)
Crude oil prices fell, at the end of trading today, Monday, February 27, to record the first drop in 3 consecutive sessions. This comes amid fears of an economic recession, which has offset gains arising from Russia’s plans to deepen oil supply cuts. Crude oil prices today At the end of the session, Brent crude…
-
Crude oil prices are falling… and Brent is below $83
Crude oil prices fell, during today’s trading, Monday, February 27, with the rise of the US dollar. This comes amid fears of an economic recession, which has offset gains arising from Russia’s plans to deepen oil supply cuts. Crude oil prices today By 07:22 a.m. GMT (10:22 a.m. Mecca time), the futures prices for benchmark…