Tag: rising
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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 are rising… and Brent is near $78
Crude oil prices rose slightly, during today’s trading, Thursday, April 27 (2023), in an attempt to reduce the huge losses incurred during the previous two sessions. The major decline in the oil markets was driven by fears of a US recession and an increase in Russian oil exports. This reduced the impact of OPEC+ production…
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Crude oil prices are rising… and Brent is near $81
Crude oil prices rose marginally during trading on Wednesday, April 26 (2023), in an attempt to reduce bleeding losses, after falling by more than 2% in the previous session. Reports of declining crude oil and fuel inventories in the United States have refocused investors on strong demand in the world’s largest oil consumer. Crude oil…
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Crude oil prices are rising… and Brent is above $86
Crude oil prices rose marginally, during today’s trading, Monday, April 17 (2023), amid expectations of an increase in demand and a decline in supplies. This comes with the support of OPEC + plans to cut more production, and investors looked forward to Chinese economic data in search of signs of recovery in demand in the…
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Crude oil prices are rising… and Brent is near $86
Crude oil prices rose during trading today, Wednesday, April 12 (2023), to continue to reap gains for the second consecutive session. This comes as the market awaits US inflation data later in the day, which is likely to influence the Federal Reserve’s interest rate hike policy in the future. The Energy Information Administration raised crude…
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Crude oil prices are rising… and Brent is above $78
Crude oil prices rose, during today’s trading, Thursday, March 30, 2023, to reap gains, after recording its first loss in 3 days during the previous session. This comes as investors closely await developments in Iraqi Kurdistan’s oil exports, at a time when a sudden drop in US oil inventories compensated for a less-than-expected drop in…