Tag: barrel
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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…
