Tag: weekly
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Crude oil prices rise by more than 2% and record weekly gains – (Update)
Crude oil prices rose by more than 2%, at the end of today’s trading, Friday, February 10 (2023), to achieve weekly gains. This came with Russia’s announcement of plans to cut oil production next month after the West imposed ceilings on oil prices and petroleum products in the country. Crude oil prices began their trading…
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The global price of a barrel of oil falls 3% and records strong weekly losses – (update)
The price of a barrel of oil fell globally by more than 3% at the end of trading today, Friday, February 3 (2023), after strong job data in the United States, to record weekly losses for the second time in a row. US jobs data, which came in better than expected, raised concerns that the…
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The global price of a barrel of oil falls and records weekly losses – (Update)
The global price of a barrel of oil decreased by more than 1.5%, at the close of trading today, Friday, January 27 (2023), due to profit-taking and an increase in Russian exports despite Western sanctions. Oil prices rose earlier in the trading, supported by stronger-than-expected US economic growth and hopes for a recovery in Chinese…
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The global price of a barrel of oil rises and records weekly gains – (Update)
The price of a barrel of oil rose globally by more than 1.5%, at the end of trading today, Friday, January 20, 2023, to reap weekly gains for the second time in a row. This is largely driven by China’s bright economic prospects. This will boost fuel demand in the world’s second largest economy. The…
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The global price of a barrel of oil rises and records weekly gains of more than 8% – (Update)
The price of a barrel of oil rose globally by about 2%, at the end of trading today, Friday, January 13, 2023, for the seventh session in a row, amid optimism about the recovery of demand. Oil prices gained more than 8% this week, amid strong indications of demand growth in China, the largest importer…