Tag: barrel
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Crude oil prices rise 1%, and Brent is near $78 a barrel
Crude oil prices rose by more than 1%, during trading today, Wednesday, May 24 (2023), to continue to reap gains for the third consecutive session, amid fears of a supply shortage. This comes after the decline in US oil stocks and fuel supplies, and Saudi Energy Minister Prince Abdulaziz bin Salman warned speculators of the…
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Crude oil prices rise by more than 1% … and Brent is near $ 77 a barrel – (update)
Crude oil prices rose by more than 1%, at the close of trading today, Tuesday, May 23 (2023), for the second day in a row, supported by investor expectations of market restraint, in light of the seasonal increase in demand for gasoline. Investors also expected supply cuts by some OPEC+ producers, who announced a voluntary…
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Crude oil prices are rising… and Brent is near $76 a barrel – (Update)
Crude oil prices rose for the first time in 3 consecutive sessions at the end of trading today, Monday, May 22, 2023, after a volatile session, amid fears of an economic recession that might limit demand. Caution about US debt ceiling talks and concerns about demand recovery in China offset support from lower supplies from…
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Crude oil prices are down 1%… and Brent is below $75 a barrel
Crude oil prices fell by more than 1%, during today’s trading, Monday, May 22, 2023, amid fears of an economic recession that may limit demand. Caution over US debt ceiling talks and concerns about demand recovery in China offset support from lower supplies from Canada and OPEC+ producers. Crude oil prices today By 06:55 a.m.…
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Crude oil prices rise 1%, and Brent is near $77 a barrel
Crude oil prices rose about 1%, during today’s trading, Friday, May 19 (2023), in an attempt to get rid of the losses incurred in the previous session. This comes as investors are cautiously optimistic about the fading risk of a US debt default, while watching the fate of the talks being conducted by Congress. Crude…
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Crude oil prices are down by more than 1%… and Brent is below $76 a barrel – (Update)
Crude oil prices fell by more than 1%, at the end of trading today, Thursday, May 18 (2023), amid fears of an economic recession that might 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…
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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…
