Tag: prices
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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…
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Oil prices rise 2%.. Brent crude is near $77 – (Update)
Crude oil prices rose by about 2%, at the end of trading today, Wednesday, March 22 (2023), with the decline of the US dollar. US oil inventories rose over the past week, contrary to analysts’ expectations, limiting price gains. The US Federal Reserve decided to raise interest rates by 25 basis points, for the ninth…
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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…
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International Hedge Fund: Oil prices will reach $140
Andurand Capital hedge fund manager Pierre Andurand expected oil prices to reach $140 a barrel by the end of this year (2023). As Andurand indicated – during his participation in the “Financial Times Commodities” global conference in Switzerland – that the recent decline in oil prices due to banking tension is nothing but speculation. However,…
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Crude oil prices are turning higher… and Brent is near $74 – (Update)
Crude oil prices turned up by more than 1%, at the end of trading today, Monday, March 20, 2023, after a volatile session, amid fears of a global economic recession. And raised risks in the global banking sector fears of a recession that could lead to a decline in demand for fuel and ahead of…
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Crude oil prices are down 2.5%, and Brent is $71
Crude oil prices fell more than 2.5%, during trading today, Monday, for the second consecutive session, amid fears of a global economic recession. And raised risks in the global banking sector fears of a recession that could lead to a decline in demand for fuel and ahead of a possible hike in interest rates by…
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Crude oil prices rise by more than 1% … and Brent is near $ 75 – (update)
Crude oil prices rose by more than 1%, at the end of today’s trading, Thursday, March 16 (2023), after 3 sessions of losses, as a result of which they fell to their lowest levels in 15 months. Oil markets calmed somewhat after Swiss regulators threw away a financial lifeline to Credit Suisse, but fears of…
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Crude oil prices recorded a weekly loss of 13%… and Brent is under $73 – (update)
Crude oil prices fell, at the end of trading today, Friday, March 17 (2023), with fears of an economic recession, to record strong weekly losses of about 13%. Crude prices rose in early trading, supported by Saudi Arabia and Russia’s assurances of their commitment to the OPEC + decision to reduce oil production by two…
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Crude oil prices rise for the second day, and Brent is above $75
Crude oil prices rose, during trading today, Friday, March 17 (2023), for the second session in a row, in an attempt to regain some gains after the losses they suffered at the beginning of the week. The rise was supported by Saudi Arabia and Russia’s assurances of their commitment to the OPEC + decision to…
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Anas Al-Hajji: Oil prices are collapsing because of “Silicon Valley”…and this is expected from OPEC +
Energy platform editorial advisor, energy economics expert Dr. Anas Al-Hajji, said that oil prices collapsed with the collapse of Silicon Valley and Signature banks in the United States. This came during a new episode of the program “Energy humanitiesPresented by Dr. Anas Al-Hajji on Twitter, entitled “The Effects of the Saudi-Iranian Agreement on Energy Markets…and…