Tag: Brent
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Crude oil prices rise 1%, and Brent records 83 dollars
Crude oil prices rose about 1%, during today’s trading, Friday, February 24 (2023), to continue to reap gains for the second consecutive session. The prospect of lower exports from Russia offset higher oil inventories in the United States; This raised fears of a supply shortage. Crude oil prices today By 07:21 AM GMT (10:21 AM…
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Crude oil prices rise 2%… and Brent is above $82 – (Update)
Crude oil prices rose by about 2%, at the end of today’s trading, Thursday, February 23 (2023), to rise for the first time in 7 consecutive sessions, with the release of the inventory report in the United States. Market players are re-evaluating their positions after the US Federal Reserve stoked concerns about the economy by…
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Crude oil prices fall by more than 3%.. and Brent is below $81 – (update)
Crude oil prices fell by more than 3% at the end of their trading today, Wednesday, February 22 (2023), due to fears of a decline in demand, so that US crude continued to decline for the sixth session in a row. This comes amid expectations that the US Federal Reserve will continue to raise interest…
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Crude oil prices are falling… and Brent is below $83
Crude oil prices fell during their trading today, Wednesday, February 22 (2023), due to fears of a decline in demand. This comes amid expectations that the US Federal Reserve will continue to raise interest rates, which raises fears of a decline in global economic growth. Crude oil prices today By 07:21 a.m. GMT (10:21 a.m.…
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Crude oil prices are rising… and Brent is near $84
Crude oil prices rose, during trading today, Monday, February 20 (2023), amid optimism about the recovery of demand in China. And it supported fears that a lack of investment would impede oil supply in the future, with the main producers continuing to impose production restrictions. Crude oil prices today By 07:10 am GMT (10:10 am…
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Oil prices fall by more than 1%.. Brent crude is under $86 – (Update)
Oil prices fell globally by more than 1%, at the end of today, Tuesday, February 14 (2023), after the US government announced its intention to release more of its strategic reserve stocks. This announcement by the US government came to challenge the expectations of some traders, who excluded this launch from the strategic reserve, or…
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Crude oil prices are down 1.5%, and Brent is $84
Crude oil prices fell about 1.5%, during today’s trading, Friday, February 17 (2023), amid fears of a global recession that may affect demand. Oil markets are heading to record weekly losses; Strong US economic data added to concerns that the Federal Reserve will tighten monetary policy further to counter inflation, a move that could hurt…
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Crude oil prices are rising… and Brent is near $86
Crude oil prices rose, during today’s trading, Thursday, February 16 (2023), amid hopes for an increase in demand. The rally comes after two days of decline; Hopes for a strong recovery in fuel demand in China, the largest oil consumer, compensated for the losses resulting from the strength of the dollar and the increase in…
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Crude oil prices are down 1.5%… and Brent is near $84
Crude oil prices fell for the second consecutive session today, Wednesday, February 15 (2023), amid fears of lower demand. A much larger-than-expected rise in US oil inventories and expectations of an interest rate hike raised concerns about the possibility of weaker fuel demand and an economic recession. Crude oil prices today By 07:28 a.m. GMT…
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Crude oil prices are down 1%.. and Brent is under $86
Crude oil prices fell about 1%, during today’s trading, Monday, February 13 (2023), amid fears of an economic recession. Investors focused on short-term demand concerns stemming from crucial US inflation data and refinery maintenance in Asia and the US. Crude oil prices today By 07:33 a.m. GMT (10:33 a.m. Mecca time), benchmark Brent crude futures…