Tag: barrel
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The price of a barrel of Algerian oil is down 21% in 3 months
A recent report revealed that the price of a barrel of Algerian oil declined by about 21% during the first quarter of this year (2023), affected by fears of a global economic recession that may affect demand. A report by the Organization of Arab Petroleum Exporting Countries (OAPEC) on the global oil situation in the…
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Crude oil prices are falling… and Brent is below $77 a barrel
Crude oil prices declined marginally, during today’s trading, Thursday, May 18 (2023), amid fears of an economic recession that may affect demand. This comes as traders cautiously await signs of progress in talks to raise the US debt ceiling, which pushed the oil market higher in the previous session due to optimism about US demand…
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Crude oil prices rise 3%… Brent near $77 a barrel – (Update)
Crude oil prices turned up around 3%, at the end of trading today, Wednesday, May 17 (2023), with optimism about demand for crude and the possibility of reaching an agreement on the US debt ceiling. Crude prices fell during the session, after a sudden rise in US oil inventories, which raised concerns about demand in…
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Crude oil prices are down 1%, and Brent is near $74 a barrel
Crude oil prices fell about 1% during trading today, Wednesday, May 17 (2023), to continue recording losses for the second day in a row, amid fears of declining demand. Traders remained cautious after a surprise rise in US oil inventories raised concerns about demand in the wake of weaker-than-expected economic data from the US and…
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Crude oil prices are rising for the second day, and Brent is above $75 a barrel
Crude oil prices rose for the second day in a row, supported by the US’s announcement of its plans to buy huge quantities of crude oil to fill its strategic reserves. At the same time, a batch of weaker-than-expected Chinese data indicated that the soft economy failed to lower prices, as the market focused on…
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Crude oil prices rise 1.5%.. Brent is above $75 a barrel – (Update)
Crude oil prices rose by about 1.5% at the end of trading today, Monday, May 15 (2023), in an attempt to compensate for the losses incurred during the past 3 sessions, amid expectations of scarce supplies. Bullish sentiments about shrinking supplies from OPEC+ cuts and resumption of buying in the US to shore up the…
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Crude oil prices are falling… and Brent is below $74 a barrel
Crude oil prices fell during trading today, Monday, May 15 (2023), for the third consecutive session, amid fears of an economic recession that threatens demand. Growing concerns about fuel demand in the world’s two largest oil consumers, the United States and China, offset bullish sentiments about tightening supplies from OPEC+ cuts and the resumption of…
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Crude oil prices are rising… and Brent is near $77 a barrel
Crude oil prices rose, during today’s trading, Thursday, May 11 (2023), in an attempt to compensate for the losses incurred in the previous session. This comes with the support of fuel demand data from the United States, the world’s largest oil consumer, which saw larger-than-expected withdrawals over the past week. Crude oil prices today By…
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Crude oil prices are dropping at the beginning of the week’s trading… and Brent is below $80 a barrel
Crude oil prices fell globally, today, Monday, May 1 (2023), affected by economic tensions related to the prospects of the US Federal Reserve raising interest rates again, and starting to cut OPEC + production. Crude prices were also affected by weak Chinese manufacturing data, at a time when the market expects a crisis with the…
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Crude oil prices are back on the rise… and Brent is above $85 a barrel
Crude oil prices witnessed a slight increase, today, Tuesday, April 18 (2023), supported by the strong economic data coming from China, which is the largest importer of oil in the world. The data reinforced the expectations of demand for crude oil, which contributed to achieving a price recovery, despite what witnessed yesterday’s sessions, Monday, April…