Tag: barrel
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The global price of a barrel of oil has risen… and Brent crude is near $85
The price of a barrel of oil rose globally during trading today, Tuesday, January 17 (2023), amid hopes for an increase in fuel demand. Oil markets are facing volatile dealings, after China recorded its weakest annual economic growth in nearly half a century, in conjunction with hopes for a recovery in fuel demand this year,…
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The global price of a barrel of oil rises and records weekly gains of more than 8% – (Update)
The price of a barrel of oil rose globally by about 2%, at the end of trading today, Friday, January 13, 2023, for the seventh session in a row, amid optimism about the recovery of demand. Oil prices gained more than 8% this week, amid strong indications of demand growth in China, the largest importer…
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The global price of a barrel of oil has risen… and Brent crude is above $80 – (Update)
The price of a barrel of oil rose globally at the end of trading today, Tuesday, January 10 (2023), after a volatile session, as hopes of increased demand from China overshadowed fears of an economic recession. This comes with expectations that further increases in interest rates in the United States (the world’s largest oil consumer)…
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The global price of a barrel of oil rises 3%… and Brent crude is above $82 – (update)
The price of a barrel of oil rose globally by more than 3% at the end of trading today, Wednesday, January 11 (2023), as fears of supply shortages overshadowed the state of economic uncertainty. Market participants were pulled in different directions by an unexpected increase in US oil and fuel inventories, global economic uncertainty and…
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The global price of a barrel of oil is turning up… and Brent crude is near $81 (update)
The global price of a barrel of oil turned upward during today’s trading, Wednesday, January 11 (2023), as fears of supply shortages overshadowed the state of economic uncertainty. Market participants were pulled in different directions by an unexpected increase in US oil and fuel inventories, global economic uncertainty and China’s reopening of its economy. The…
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The global price of a barrel of oil rises for the third consecutive session – (Update)
The price of a barrel of oil rose globally by more than 1%, at the close of trading today, Monday, January 9 (2023), to continue its rise for the third consecutive session, amid hopes for a recovery in demand. This comes with the reopening of borders in China, the world’s largest importer of crude;…
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The global price of a barrel of oil is turning higher… and Brent crude is above $80 (update)
The global price of a barrel of oil turned upward during trading today, Tuesday, January 10 (2023), as hopes of increased demand from China overshadowed fears of an economic recession. This comes with expectations that further increases in interest rates in the United States (the largest oil user in the world) will lead to…