Tag: Crude
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Oil prices continue to rise.. Brent crude is near $83
Oil prices continued to rise today, Tuesday, July 25 (2023), amid indications of scarce supplies, and pledges by the Chinese authorities to support the economy to greater degrees, which contributed to raising sentiment in the markets. Crude prices had achieved a significant rise for the first time in weeks, as it exceeded the barrier of…
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Oil prices are turning higher… and Brent crude is near $82 (update)
Oil prices turned higher during trading today, Monday, July 24 (2023), as a shortage of supplies overshadowed fears of an economic recession. Traders expect further rate hikes from US and European central banks, but tight supplies and hopes for Chinese stimulus have supported Brent above $80 a barrel. Markets are assessing the prospects for economic…
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Oil prices fall 2%… and Brent crude is below $79 – (update)
Oil prices fell by almost 2% at the close of trading today, Monday, July 17 (2023), to continue bleeding losses for the second session in a row, amid fears of declining demand. Chinese economic data showed slowing growth in the second quarter; What raised concern about demand in the world’s second largest oil consumer, with…
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Oil prices rise 1%, and Brent crude is above $80
Oil prices rose, during trading today, Friday, July 21 (2023), to continue to reap gains for the second day in a row, amid hopes for a recovery in demand. This comes at a time when the markets are assessing the prospects for economic stimulus in China after weak economic data and the decline in oil…
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Oil prices are rising… and Brent crude is near $80 – (Update)
Oil prices rose at the close of trading today, Thursday, July 20 (2023), exceeding the losses incurred in the previous session, in light of the uncertainty about demand and profit-taking operations. A smaller-than-expected decline in US oil inventories and the possibility of a weaker demand outlook kept investors wary. US oil inventories decreased less than…
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Oil prices are rising marginally… and Brent crude is above $79
Oil prices rose marginally, during today’s trading, Thursday, July 20 (2023), in an attempt to overcome the losses incurred in the previous session, in light of the uncertainty about demand and profit-taking operations. A smaller-than-expected decline in US oil inventories and the possibility of a weaker demand outlook kept investors wary. US oil inventories decreased…
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Oil prices are falling… and Brent crude is below $80 – (Update)
Oil prices fell at the end of trading on Wednesday, July 19 (2023), amid fears of an economic recession with a lack of supplies, and the release of US oil inventories data. The markets are facing fears of a decline in US demand in exchange for China’s pledge to support economic growth, tightening Russian supply,…
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Oil prices are rising marginally… and Brent crude is near $80
Oil prices rose marginally, amid volatile trading, today, Wednesday, July 19 (2023), on the back of fears of an economic recession with a shortage of supplies. The markets are facing fears of a decline in US demand in exchange for China’s pledge to support economic growth, tightening Russian supply, and a decline in US inventories.…
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Oil prices rise by more than 2%.. Brent crude is near $80 – (Update)
Oil prices rose by more than 2% at the end of trading today, Tuesday, July 18 (2023), amid concerns about demand and expectations of a decline in US oil production during next August. Crude prices faced a noticeable decline in recent sessions, in light of the Chinese economy continuing to achieve weaker-than-expected growth, which does…
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Oil prices rise by about 1%, and Brent crude is above $78
Crude oil prices moved slightly higher at the beginning of Asian trading, today, Tuesday, July 18 (2023), amid investors’ aspirations for a possible announcement of an increase in US supplies. This comes at a time when crude prices faced a noticeable decline in recent sessions, in light of the Chinese economy continuing to achieve weaker-than-expected…
