Tag: barrel
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The global price of a barrel of oil rises and records weekly gains – (Update)
The price of a barrel of oil rose globally by more than 1.5%, at the end of trading today, Friday, January 20, 2023, to reap weekly gains for the second time in a row. This is largely driven by China’s bright economic prospects. This will boost fuel demand in the world’s second largest economy. The…
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The global price of a barrel of oil has risen… and Brent crude is near $87
The price of a barrel of oil rose globally, during today’s trading, Friday, January 20, 2023, and is heading to reap weekly gains for the second time in a row. This is largely driven by China’s bright economic prospects. This will boost fuel demand in the world’s second largest economy. The global price of a…
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The global price of a barrel of oil has declined… and Brent crude is near $84
The global price of a barrel of oil declined by about 1%, during today’s trading, Thursday, January 19, 2023, to continue bleeding losses for the second consecutive session. This comes after US data indicated a sudden jump in US crude stocks, along with fears of a recession, which were fueled by the disappointment of retail…
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The global price of a barrel of oil has fallen… and Brent crude is below $85 – (Update)
The price of a barrel of oil declined globally at the end of trading today, Wednesday, January 18 (2023), after a volatile session, with concerns about slowing economic growth in the United States, following the release of economic data. Crude prices rose during the session, with optimism that lifting the strict restrictions imposed by China…
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The global price of a barrel of oil has risen… and Brent crude is near $87
The price of a barrel of oil rose globally during trading today, Wednesday, January 18 (2023), to continue the gains for the second consecutive session. This comes with optimism that lifting the strict restrictions imposed by China on Corona will lead to a recovery in fuel demand in the world’s largest oil importer. The global…
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The global price of a barrel of oil has risen… and US crude exceeds $80 – (Update)
The price of a barrel of oil rose globally at the end of trading today, Tuesday, January 17 (2023), amid hopes for an increase in fuel demand, as US crude exceeded the $80 barrier for the first time in two weeks. Oil markets are facing volatile dealings, after China recorded its weakest annual economic growth…
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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…
