Tag: Brent
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Crude oil prices are rising… and Brent is near $86
Crude oil prices rose during trading today, Wednesday, April 12 (2023), to continue to reap gains for the second consecutive session. This comes as the market awaits US inflation data later in the day, which is likely to influence the Federal Reserve’s interest rate hike policy in the future. The Energy Information Administration raised crude…
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Crude oil prices are turning downward… and Brent is near $84 (update)
Crude oil prices turned lower today, Tuesday, April 11 (2023), to continue recording losses for the second consecutive session, amid fears of declining demand. This comes after Chinese inflation data indicated continued weak demand, but the decline in the dollar and expectations that the Federal Reserve will stop tightening its policy limited oil’s losses. Crude…
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Crude oil prices fall by more than 1%.. and Brent is under $85 – (Update)
Crude oil prices fell by more than 1%, at the end of trading today, Monday, April 10 (2023), with the rise of the US dollar and fears of increasing interest rates in the United States, following the monthly jobs report. Crude prices rose in early trading, as investors assessed the possibility of tightening supplies after…
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Crude oil prices are marginally higher.. and Brent is above $85
Crude oil prices rose marginally, during today’s trading, Monday, April 10 (2023), with investors assessing the possibility of tightening supplies after 9 OPEC + countries, led by Saudi Arabia, announced production cuts. Concerns about weak global growth, which could dampen fuel demand, limited the oil market’s gains, amid anticipation of US inflation data. OPEC +…
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Crude oil prices rise by more than 6%… and Brent is near $85 – (update)
Crude oil prices jumped more than 6%, at the end of trading today, Monday, April 3, 2023, after countries from OPEC + announced voluntary cuts. And 9 OPEC + countries, led by Saudi Arabia and Russia, announced voluntary cuts of more than 1.65 million barrels per day, starting next May, as a precautionary measure aimed…
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Crude oil prices fell for the first time in 5 sessions… and Brent near $85 – (Update)
Crude oil prices witnessed a difference at the end of the day, Wednesday, April 5 (2023); US crude fell after 4 sessions of gains, pressured by fears of an economic recession that might limit demand, while Brent crude rose near $85 a barrel. Crude prices rose, supported by lower US oil inventories and OPEC’s announcement…
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Crude oil prices are falling… and Brent is below $85
Crude oil prices fell, during today’s trading, Thursday, April 6 (2023), for the second consecutive session; US economic data raised concerns about a possible global recession and reduced demand. Prices are heading towards achieving weekly gains after OPEC + announced more production cuts and the decline in US oil stocks. Crude oil prices rose for…
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Crude oil prices are marginally higher.. and Brent is above $85
Crude oil prices rose marginally during trading today, Wednesday, April 5 (2023), supported by expectations of a decline in US crude inventories, as well as the latest production cut targets set by the OPEC + alliance. The rise in prices for the fifth session in a row comes after the decision of 9 of the…
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Crude oil prices rise for the fourth session, and Brent is above $85
Crude oil prices rose during trading today, Tuesday, April 4 (2023), to continue to reap gains for the fourth consecutive session, supported by OPEC + moves aimed at stabilizing the markets. And 9 of the countries of the OPEC + coalition, led by Saudi Arabia, decided to make voluntary production cuts of 1.66 million barrels…
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Crude oil prices rise 2%… and Brent is above $79 – (Update)
Crude oil prices rose by about 2%, at the end of today’s trading, Thursday, March 30, 2023, to record the highest level in more than two weeks. This comes as investors closely await developments in Iraqi Kurdistan’s oil exports, at a time when a sudden drop in US oil inventories compensated for a less-than-expected drop…
