Tag: barrel
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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…
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The price of a barrel of Kuwaiti oil jumps 10%, supported by OPEC + cuts
The price of a barrel of Kuwaiti oil received support from the decisions taken by 9 OPEC+ countries to offer voluntary production cuts of 1.6 million barrels per day. Last week, OPEC countries decided to take precautionary measures to control oil markets by raising the total volume of coalition cuts to 3.66 million barrels per…
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Crude oil prices are rising… and Brent is above $79 a barrel
Crude oil prices rose during trading today, Wednesday, March 29 (2023), for the third consecutive session, amid fears of supply shortages. This came with the cessation of some exports from Iraq after the decision of the International Tribunal in favor of Baghdad in its dispute with Ankara over the oil of the Kurdistan region. Crude…
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Crude oil prices are falling for the second day, and Brent is below $80 a barrel
Crude oil prices continued to decline, today, Tuesday, March 14 (2023), for the second day in a row, as Brent crude fell by 1%, after declining at the close of trading yesterday, Monday, by more than 2.5%, after announcing the collapse of the “Silicon Valley” bank. American. The collapse of the “Silicon Valley” Bank left…
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Crude oil prices are rising… and “Brent” exceeds $86 a barrel
Crude oil prices rose today, Tuesday, March 7 (2023), with oil industry leaders announcing their concerns about a limited surplus in global markets, and uncertainty about Russian supplies, despite the recovery in demand in China. And global crude prices began a slow rise at the end of yesterday’s sessions, Monday, after volatile sessions that witnessed…
