Tag: Crude
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Oil prices are fluctuating, and Brent crude is above $76 – (Update)
Oil prices witnessed a volatile session at the end of trading today, Thursday, July 6 (2023), as West Texas crude rose marginally, while Brent crude fell, with growing fears of a global economic recession that might limit demand, and an increase in US inventories. This comes amid fears of a slowdown in demand recovery in…
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Oil prices are falling… and Brent crude is above $76
Oil prices fell, during trading today, Thursday, July 6 (2023), with growing fears of a global economic recession that may limit demand. This comes amid fears of a slowdown in demand recovery in China, the world’s largest importer of crude; This compensated for the potential for supply scarcity, with production cuts from Saudi Arabia and…
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Oil prices rise 3%.. Brent crude is above $76 – (Update)
Oil prices rose by about 3% at the end of trading today, Wednesday, July 5 (2023), with Saudi Arabia confirming that it will do what is necessary to support the market, indicating the possibility of approving more production cuts. During the last session, the markets witnessed a recovery, after Saudi Arabia and Russia announced that…
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Oil prices are falling… and Brent crude is under $76
Oil prices fell during trading today, Wednesday, July 5 (2023), amid fears of a global economic recession that may limit demand. During the last session, the markets witnessed a recovery, after Saudi Arabia and Russia announced that they would extend production cuts until August. And Saudi Arabia announced, on Monday, July 3, the extension of…
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Oil prices are slowly rising.. Brent crude is above $75
Oil prices rose again, today, Tuesday, July 4 (2023), in the wake of the markets being affected by the announced cuts for the month of August, by the major producers and exporters in the world, led by Saudi Arabia and Russia. Yesterday, Monday, July 3, Saudi Arabia announced that it would extend the additional oil…
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Oil prices rise for the third session, and Brent crude is near $75
Oil prices rose during trading today, Friday, June 30 (2023), to continue to reap gains for the third consecutive session, supported by hopes for a recovery in demand for crude. Oil markets are preparing for the first monthly gain this year, as a significant decline in US oil inventories overshadowed concerns that fuel demand will…
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Oil prices are rising… and Brent crude is above $74 – (Update)
Oil prices rose, at the end of trading today, Thursday, June 29 (2023), with optimism about the demand for crude, after the decline in US inventories. Crude prices fell in early trading, amid fears of rising interest rates that would dampen economic growth and global demand for fuel, and weak economic data from China affected…
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Oil prices are falling… and Brent crude is under $74
Oil prices fell, during today’s trading, Thursday, June 29 (2023), with investors reaping profits; What reduced some of the previous session’s gains. This comes amid fears of increasing interest rates that dampen economic growth and global demand for fuel, and weak economic data in China also affected sentiment. Oil prices are facing wild fluctuations between…
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Oil prices are down 2.5%.. Brent crude is less than $73 – (Update)
Oil prices fell by about 2.5%, at the end of trading today, Tuesday, June 27 (2023), after it had started with a rise supported by concerns about political instability in Russia and potential supply disruptions, as well as hopes for a recovery in US demand before the summer season. The political situation in Moscow stabilized…
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Oil prices rise by 1%, and Brent crude is near $75
Oil prices rose about 1% during trading today, Monday, June 26 (2023), in an attempt to compensate for the losses incurred during the past week, due to concerns about supply shortages. This comes after Russia witnessed the Wagner rebellion over the weekend, which raised concerns about political instability in one of the largest oil producers…
