Tag: Brent
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Crude oil prices jump 5%.. Brent exceeds $78 – (Update)
Crude oil prices rose by more than 5%, at the end of trading today, Monday, March 27 (2023), with fears of a shortage of supply and signs of stability in the financial markets. Crude prices rose, after Turkey stopped Iraqi Kurdistan oil exports through pipelines, in implementation of a court ruling in favor of Baghdad.…
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Crude oil prices are rising… and Brent is above $75
Crude oil prices rose, during today’s trading, Monday, March 27 (2023); Investors seek signs of stability in the financial markets. Prices were also supported by comments from Russian President Vladimir Putin over the weekend; This exacerbated geopolitical tensions in Europe, which raised fears of a supply shortage. Crude oil prices today By 07:57 a.m. GMT…
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Oil prices rise 2.5%.. Brent crude is above $75 – (Update)
Crude oil prices rose by about 2.5%, at the end of trading today, Tuesday, March 21 (2023), in an attempt to compensate for some losses after a week of banking unrest, which cast a shadow on the markets. Oil is seeking to recover from a 15-month low hit the day before, as the Credit Suisse…
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Oil prices fall by more than 1%.. Brent crude is under $76 – (Update)
Oil prices fell by more than 1%, at the end of trading today, Thursday, March 23 (2023), after a volatile session, to record the first drop in 4 days. The strong US jobs data reflected bearish signals from Federal Reserve Chairman Jerome Powell, which highlighted risks to the banking sector and swelling US oil inventories.…
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Crude oil prices are falling… and Brent is below $76
Crude oil prices fell, during trading today, Friday, March 24, 2023, for the second day in a row, amid expectations of a possible surplus in supply. This came after US Energy Secretary Jennifer Granholm said that refilling the country’s strategic oil reserves could take several years. Despite the decline; Crude oil prices are heading for…
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Oil prices are falling… and Brent crude is near $76
Oil prices fell, during today’s trading, Thursday, March 23, 2023, after 3 sessions of gains. This comes after Federal Reserve Chairman Jerome Powell highlighted the credit risks in the banking sector of the largest economy in the world, in conjunction with the rise in US oil stocks more than expected. The US Federal Reserve decided…
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Oil prices rise 2%.. Brent crude is near $77 – (Update)
Crude oil prices rose by about 2%, at the end of trading today, Wednesday, March 22 (2023), with the decline of the US dollar. US oil inventories rose over the past week, contrary to analysts’ expectations, limiting price gains. The US Federal Reserve decided to raise interest rates by 25 basis points, for the ninth…
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Crude oil prices are falling… and Brent is below $75
Crude oil prices fell in Asian trading this morning, Wednesday, March 22 (2023), to trim their gains for two consecutive days. The decline came after an industrial report showed that US oil inventories rose unexpectedly last week, indicating the possibility of weak demand for fuel. Crude oil prices were, amid expectations of a breakthrough in…
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Crude oil prices are turning higher… and Brent is near $74 – (Update)
Crude oil prices turned up by more than 1%, at the end of trading today, Monday, March 20, 2023, after a volatile session, amid fears of a global economic recession. And raised risks in the global banking sector fears of a recession that could lead to a decline in demand for fuel and ahead of…
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Crude oil prices are down 2.5%, and Brent is $71
Crude oil prices fell more than 2.5%, during trading today, Monday, for the second consecutive session, amid fears of a global economic recession. And raised risks in the global banking sector fears of a recession that could lead to a decline in demand for fuel and ahead of a possible hike in interest rates by…