Category: Petroleum Prices
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Oil prices are rising marginally… and Brent crude is near $80
Oil prices rose marginally, amid volatile trading, today, Wednesday, July 19 (2023), on the back of fears of an economic recession with a shortage of supplies. The markets are facing fears of a decline in US demand in exchange for China’s pledge to support economic growth, tightening Russian supply, and a decline in US inventories.…
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Oil prices rise by more than 2%.. Brent crude is near $80 – (Update)
Oil prices rose by more than 2% at the end of trading today, Tuesday, July 18 (2023), amid concerns about demand and expectations of a decline in US oil production during next August. Crude prices faced a noticeable decline in recent sessions, in light of the Chinese economy continuing to achieve weaker-than-expected growth, which does…
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Oil prices rise by about 1%, and Brent crude is above $78
Crude oil prices moved slightly higher at the beginning of Asian trading, today, Tuesday, July 18 (2023), amid investors’ aspirations for a possible announcement of an increase in US supplies. This comes at a time when crude prices faced a noticeable decline in recent sessions, in light of the Chinese economy continuing to achieve weaker-than-expected…
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The price of Iranian oil destined for Asia rose 15 cents in August
The price of Iranian oil destined for Asia is scheduled to rise, during next August, by about 15 cents compared to the current month of July, at a value that is 5 cents lower than the prices of Saudi Aramco shipments during the next month. The National Iranian Oil Company announced the official selling prices…
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Oil prices are down 1%… and Brent crude is under $79
Oil prices fell by more than 1%, during 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 Libya resuming…
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Oil prices rise 2.5%.. Brent crude is above $79 – (Update)
Crude oil prices continued to consolidate their gains, to about 2.5%, by the end of trading today, Tuesday, July 11 (2023), with traders focusing on reducing production by Saudi Arabia and Russia, in addition to the weakness of the dollar. The reduction in oil production by the two largest crude exporters in the world, namely…
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Oil prices rise by more than 1%.. Brent crude is above $80 – (Update)
Oil prices consolidated their gains by more than 1% at the end of today’s trading, Wednesday, July 12 (2023), as the price of a barrel of Brent crude exceeded the $80 level for the first time since April (2023), with the decline of the US dollar after US data showed a slowdown. inflation. Oil prices…
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Oil prices decline 2% … and record weekly gains – (Update)
Oil prices fell by about 2%, at the end of trading today, Friday, July 14 (2023), for the first time in 4 sessions, but it achieved its third weekly gain for the first time since April. The oil markets suffer from volatile transactions. The morning trading started on the upside, amid fears of a supply…
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Oil prices are falling… and Brent crude is at $81
Oil prices declined marginally, during trading today, Friday, July 14 (2023), for the first time in 4 sessions, but it is preparing to record a third weekly gain for the first time since April. The oil markets suffer from volatile transactions. The morning trading started on the upside, amid fears of a supply shortage due…
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Oil prices rise 1.5%.. Brent crude is above $81 – (Update)
Oil prices rose, at the end of trading today, Thursday, July 13 (2023), to continue to reap gains for the third day in a row, amid hopes for a recovery in demand. This came after US inflation and economic data raised hopes that the Federal Reserve might have fewer hikes in interest rates, with the…
