Tag: Crude
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Crude oil prices are down 1.1% on fears of a global economic slowdown
Crude oil prices fell, during today’s trading, Tuesday, February 21 (2023), by 1.1%, due to fears of a slowdown in the global economy and a decline in fuel demand. The decline in the price of a barrel of oil globally comes hours after prices achieved gains at the close of transactions yesterday, Monday, February 20,…
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Crude oil prices are rising… and Brent is near $84
Crude oil prices rose, during trading today, Monday, February 20 (2023), amid optimism about the recovery of demand in China. And it supported fears that a lack of investment would impede oil supply in the future, with the main producers continuing to impose production restrictions. Crude oil prices today By 07:10 am GMT (10:10 am…
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Oil prices fall by more than 1%.. Brent crude is under $86 – (Update)
Oil prices fell globally by more than 1%, at the end of today, Tuesday, February 14 (2023), after the US government announced its intention to release more of its strategic reserve stocks. This announcement by the US government came to challenge the expectations of some traders, who excluded this launch from the strategic reserve, or…
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Crude oil prices fell by more than 2.5%, recording weekly losses – (Update)
Crude oil prices fell by more than 2.5%, at the end of trading today, Friday, February 17 (2023), amid fears of a global recession that might affect demand, to record Brent crude at $83 a barrel. Crude prices recorded weekly losses; Strong US economic data added to concerns that the Federal Reserve will tighten monetary…
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Qatar Energy raises the price of Al-Shaheen crude oil for April delivery
Qatar Energy Company intends to raise the official selling prices for Al-Shaheen crude for next April loading, after it recorded its lowest level in 21 months in March. Qatar is scheduled to increase the future price of Al-Shaheen crude in April by about $1.21, compared to next March shipments. Qatar Energy set the price of…
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Crude oil prices are down 1.5%, and Brent is $84
Crude oil prices fell about 1.5%, during today’s trading, Friday, February 17 (2023), amid fears of a global recession that may affect demand. Oil markets are heading to record weekly losses; Strong US economic data added to concerns that the Federal Reserve will tighten monetary policy further to counter inflation, a move that could hurt…
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Crude oil prices are falling for the third consecutive session – (Update)
Crude oil prices fell for the third consecutive session at the end of trading today, Thursday, February 16 (2023), with signs of slowing demand in America. Crude prices had risen during trading; Hopes for a strong recovery in fuel demand in China, the largest oil consumer, compensated for the losses resulting from the strength of…
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Crude oil prices are rising… and Brent is near $86
Crude oil prices rose, during today’s trading, Thursday, February 16 (2023), amid hopes for an increase in demand. The rally comes after two days of decline; Hopes for a strong recovery in fuel demand in China, the largest oil consumer, compensated for the losses resulting from the strength of the dollar and the increase in…
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Crude oil prices fall in a volatile session after US inventories data – (Update)
Crude oil prices fell in a volatile session at the end of today, Wednesday, February 15 (2023), after the release of the US inventories report. And raised a much larger-than-expected rise in US oil inventories, and expectations of higher interest rates, concerns about the possibility of weak demand for fuel and economic recession. Crude oil…
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Crude oil prices are down 1.5%… and Brent is near $84
Crude oil prices fell for the second consecutive session today, Wednesday, February 15 (2023), amid fears of lower demand. A much larger-than-expected rise in US oil inventories and expectations of an interest rate hike raised concerns about the possibility of weaker fuel demand and an economic recession. Crude oil prices today By 07:28 a.m. GMT…