Tag: Brent
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The global price of a barrel of oil rises 2%… and Brent crude is above $83 (update)
The price of a barrel of oil rose globally by about 2% during trading today, Friday, February 3 (2023), after strong job data in the United States, but it is heading to record weekly losses for the second time in a row. Investors are seeking more clarity on the impending European ban on Russian refined…
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The global price of a barrel of oil has fallen… and Brent crude is below $83 – (Update)
The price of a barrel of oil decreased globally at the end of trading today, Thursday, February 2 (2023), with the rise of the US dollar. Oil prices had risen earlier in the trading, as the OPEC + decision to extend production cuts helped calm fears of oversupply. The global price of a barrel of…
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The global price of a barrel of oil has risen… and Brent crude is above $83
The price of a barrel of oil rose globally, during today’s trading, Thursday, February 2 (2023), trying to compensate for the losses it suffered during the previous session. The decline in the US dollar restored some appetite for risky assets, and the OPEC + decision to extend production cuts helped calm oversupply fears. The global…
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The global price of a barrel of oil falls 3%.. and Brent crude is less than $83 – (update)
The global price of a barrel of oil decreased by more than 3% at the close of trading today, Wednesday, February 1 (2023), with the release of US inventories and the decision of the OPEC + coalition. Oil prices rose in early trading, after data showed signs of slowing inflation in the United States, easing…
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The global price of a barrel of oil has risen… and Brent crude is near $86
The price of a barrel of oil rose globally during trading today, Wednesday, February 1 (2023), amid hopes for a recovery in demand. This comes after signs of slowing inflation in the US eased fears that the world’s largest user of oil could face a recession due to further interest rate hikes, and a weaker…
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The global price of a barrel of oil has declined… and Brent crude is under $87
Today, Monday, January 30, 2023, the price of a barrel of oil declined globally, giving up its gains at the beginning of trading. Imminent interest rate hikes by major central banks and signs of stronger Russian exports offset rising tensions in the Middle East over a drone attack in Iran and hopes of a boost…
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The global price of a barrel of oil has risen… and Brent crude is near $88
The price of a barrel of oil rose globally, during today’s trading, Friday, January 27 (2023), amid expectations of an increase in demand. This comes supported by stronger-than-expected US economic growth and hopes for a recovery in Chinese demand, with coronavirus cases and deaths declining from peak levels last month. The global price of a…
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The global price of a barrel of oil has risen… and Brent crude is above $86
The price of a barrel of oil rose globally, during today’s trading, Thursday, January 26, 2023, after US crude stocks jumped less than expected. Investors are looking forward to more clarity on supply drivers, including the OPEC+ meeting and the imminent EU ban on Russian oil derivatives. The global price of a barrel of oil…
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The global price of a barrel of oil is witnessing a volatile session… and Brent is above $86 – (Update)
The global price of a barrel of oil witnessed a volatile session at the end of trading today, Wednesday, January 25 (2023), with the release of US inventories data, and amid hopes for increased demand. After prices fell by more than 1% during trading, US crude ended today’s session marginally higher, while Brent fell slightly.…
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The global price of a barrel of oil has risen… and Brent crude is above $86
The price of a barrel of oil rose globally during trading today, Wednesday, January 25 (2023), amid hopes for increased demand. This comes amid optimism about the recovery of demand in China, the largest oil importer in the world, and expectations that the main producers will maintain the current production policy, which offset fears of…
