Category: Petroleum Prices
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Oil prices rise 2%, recording the highest level in 3 months – (Update)
Oil prices rose by more than 2% at the close of trading today, Monday, July 24 (2023), to record their highest levels in 3 months, after a series of volatile sessions during the past week. Traders expect further rate hikes from US and European central banks, but tight supplies and hopes for Chinese stimulus have…
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Oil prices are turning higher… and Brent crude is near $82 (update)
Oil prices turned higher during trading today, Monday, July 24 (2023), as a shortage of supplies overshadowed fears of an economic recession. Traders expect further rate hikes from US and European central banks, but tight supplies and hopes for Chinese stimulus have supported Brent above $80 a barrel. Markets are assessing the prospects for economic…
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Oil prices fall 2%… and Brent crude is below $79 – (update)
Oil prices fell by almost 2% at the close of trading today, Monday, July 17 (2023), to continue bleeding losses for the second session in a row, amid fears of declining demand. Chinese economic data showed slowing growth in the second quarter; What raised concern about demand in the world’s second largest oil consumer, with…
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Expectations of a rise in oil prices above $ 90 .. A survey of the “energy”
Most of the readers of the specialized energy platform expect oil prices to rise above the $90 per barrel barrier in the coming weeks, supported by the OPEC+ countries’ moves to cut production. The markets are facing a shortage of supplies, during the coming period, after Saudi Arabia announced the extension of the voluntary cut…
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Only one scenario raises oil prices to $100
Anas Al-Hajji, editorial advisor for the specialized energy platform, energy economics expert, said that oil prices may rise to the $100 barrier, but this will only happen in one case. Al-Hajji explained, in an episode of his program, “Energy humanitiesHe presented it in the Twitter spaces, entitled “A preliminary look at the oil markets in…
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Oil prices rise 2%, recording weekly gains – (Update)
Oil prices rose by 2% at the end of trading today, Friday, July 21 (2023), to achieve gains for the fourth consecutive week, amid hopes for a recovery in demand. This comes at a time when the markets are assessing the prospects for economic stimulus in China after weak economic data and the decline in…
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Oil prices rise 1%, and Brent crude is above $80
Oil prices rose, during trading today, Friday, July 21 (2023), to continue to reap gains for the second day in a row, amid hopes for a recovery in demand. This comes at a time when the markets are assessing the prospects for economic stimulus in China after weak economic data and the decline in oil…
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Oil prices are rising… and Brent crude is near $80 – (Update)
Oil prices rose at the close of trading today, Thursday, July 20 (2023), exceeding the losses incurred in the previous session, in light of the uncertainty about demand and profit-taking operations. A smaller-than-expected decline in US oil inventories and the possibility of a weaker demand outlook kept investors wary. US oil inventories decreased less than…
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Oil prices are rising marginally… and Brent crude is above $79
Oil prices rose marginally, during today’s trading, Thursday, July 20 (2023), in an attempt to overcome the losses incurred in the previous session, in light of the uncertainty about demand and profit-taking operations. A smaller-than-expected decline in US oil inventories and the possibility of a weaker demand outlook kept investors wary. US oil inventories decreased…
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Oil prices are falling… and Brent crude is below $80 – (Update)
Oil prices fell at the end of trading on Wednesday, July 19 (2023), amid fears of an economic recession with a lack of supplies, and the release of US oil inventories data. The markets are facing fears of a decline in US demand in exchange for China’s pledge to support economic growth, tightening Russian supply,…
