Tag: Brent
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Crude oil prices rise by more than 1% … and Brent is near $ 75 – (update)
Crude oil prices rose by more than 1%, at the end of today’s trading, Thursday, March 16 (2023), after 3 sessions of losses, as a result of which they fell to their lowest levels in 15 months. Oil markets calmed somewhat after Swiss regulators threw away a financial lifeline to Credit Suisse, but fears of…
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Crude oil prices recorded a weekly loss of 13%… and Brent is under $73 – (update)
Crude oil prices fell, at the end of trading today, Friday, March 17 (2023), with fears of an economic recession, to record strong weekly losses of about 13%. Crude prices rose in early trading, supported by Saudi Arabia and Russia’s assurances of their commitment to the OPEC + decision to reduce oil production by two…
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Crude oil prices rise for the second day, and Brent is above $75
Crude oil prices rose, during trading today, Friday, March 17 (2023), for the second session in a row, in an attempt to regain some gains after the losses they suffered at the beginning of the week. The rise was supported by Saudi Arabia and Russia’s assurances of their commitment to the OPEC + decision to…
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Crude oil prices are down 1%… and Brent is below $77 (update)
Crude oil prices fell back by more than 1% today, Wednesday, March 15 (2023), to continue bleeding losses for the third consecutive session, with continued fears of an economic recession following the collapse of the US Silicon Valley Bank. Markets had some support in early trading today from OPEC’s strong outlook on Chinese demand, which…
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Crude oil prices are falling for the second day, and Brent is below $80 a barrel
Crude oil prices continued to decline, today, Tuesday, March 14 (2023), for the second day in a row, as Brent crude fell by 1%, after declining at the close of trading yesterday, Monday, by more than 2.5%, after announcing the collapse of the “Silicon Valley” bank. American. The collapse of the “Silicon Valley” Bank left…
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Crude oil prices are down 1%.. and Brent is under $82 (update)
Crude oil prices fell by more than 1% during trading today, Monday, March 13 (2023), amid fears of a global recession. The oil markets had climbed to the green zone earlier in today’s session, supported by the recovery of Chinese demand, but the collapse of the Silicon Valley bank raised fears of a new financial…
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Crude oil prices fell by more than 3.5%… and Brent is below $84 – (update)
Crude oil prices fell by more than 3.5%, at the close of trading today, Tuesday, March 7 (2023), with increasing concerns about demand for crude, after the statements of the US Federal Reserve Chairman. Federal Reserve Chairman Jerome Powell said the Fed will continue to raise interest rates unless the Fed shows signs of slowing.…
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Crude oil prices are down 1%, and Brent is $81
Crude oil prices fell about 1%, during trading today, Friday, March 10 (2023), for the fourth session, heading for its largest weekly loss in 5 weeks. This comes due to fears of the possibility of sharp increases in interest rates in the United States; This leads to slower growth and damage to the demand for…
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Crude oil prices are marginally declining… and Brent is below $83
Crude oil prices declined marginally, today, Thursday, March 9 (2023), for the third consecutive session, amid fears of an economic recession that threatens demand. The markets started the morning trading on the upside, supported by the larger-than-expected drawdown in US oil inventories and hopes on demand in China. Market conditions were dominated by fears that…
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Crude oil prices fall by more than 1%.. and Brent is below $83 – (Update)
Crude oil prices fell by more than 1% at the end of trading today, Wednesday, March 8 (2023), for the second session in a row, amid fears of an economic recession that may affect demand. This comes at a time when data from the Energy Information Administration showed an unexpected drop in US crude oil…