Tag: Crude
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Crude oil prices are down 1%, and Brent is near $74 a barrel
Crude oil prices fell about 1% during trading today, Wednesday, May 17 (2023), to continue recording losses for the second day in a row, amid fears of declining demand. Traders remained cautious after a surprise rise in US oil inventories raised concerns about demand in the wake of weaker-than-expected economic data from the US and…
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Crude oil prices fall in a volatile session… and Brent is below $75 – (Update)
Crude oil prices fell, at the end of trading today, Tuesday, May 16 (2023), after a volatile session; The impact of weak economic data in China overshadowed the announcement by the United States of its plans to buy huge quantities of crude to fill its strategic reserves. A batch of weaker-than-expected Chinese data indicated that…
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Crude oil prices are rising for the second day, and Brent is above $75 a barrel
Crude oil prices rose for the second day in a row, supported by the US’s announcement of its plans to buy huge quantities of crude oil to fill its strategic reserves. At the same time, a batch of weaker-than-expected Chinese data indicated that the soft economy failed to lower prices, as the market focused on…
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Crude oil prices rise 1.5%.. Brent is above $75 a barrel – (Update)
Crude oil prices rose by about 1.5% at the end of trading today, Monday, May 15 (2023), in an attempt to compensate for the losses incurred during the past 3 sessions, amid expectations of scarce supplies. Bullish sentiments about shrinking supplies from OPEC+ cuts and resumption of buying in the US to shore up the…
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Crude oil prices are falling… and Brent is below $74 a barrel
Crude oil prices fell during trading today, Monday, May 15 (2023), for the third consecutive session, amid fears of an economic recession that threatens demand. Growing concerns about fuel demand in the world’s two largest oil consumers, the United States and China, offset bullish sentiments about tightening supplies from OPEC+ cuts and the resumption of…
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Crude oil prices rose after a volatile session… and Brent is above $77 – (Update)
Crude oil prices rose, at the end of trading today, Tuesday, May 9 (2023), after a volatile session, with optimism about fuel demand during the summer. The market remained cautious ahead of the US April inflation data, which will be key to the next Fed rate decision. And the US Energy Information Administration raised its…
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Crude oil prices fall by more than 1% and record losses for the fourth week – (Update)
Crude oil prices fell by more than 1%, at the end of trading today, Friday, May 12 (2023), for the third session in a row, to record its fourth weekly loss. This comes with renewed economic concerns in the United States and China, which exceeded expectations of fuel demand growth in the two largest oil…
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Crude oil prices are falling… and Brent is below $75
Crude oil prices fell, during trading today, Friday, May 12 (2023), for the third session in a row, and are heading to record their fourth weekly losses. This comes with renewed economic concerns in the United States and China, which exceeded expectations of fuel demand growth in the two largest oil consuming countries in the…
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Crude oil prices fall by more than 2%… and Brent is below $75 – (update)
Crude oil prices fell by more than 2%, at the close of trading today, Thursday, May 11 (2023), with the rise of the US dollar, and amid fears of an economic recession. Crude prices rose during the session, supported by fuel demand data from the United States, the world’s largest oil consumer, which witnessed a…
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Crude oil prices are rising… and Brent is near $77 a barrel
Crude oil prices rose, during today’s trading, Thursday, May 11 (2023), in an attempt to compensate for the losses incurred in the previous session. This comes with the support of fuel demand data from the United States, the world’s largest oil consumer, which saw larger-than-expected withdrawals over the past week. Crude oil prices today By…
