Tag: falling
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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 falling… and Brent crude is at $81
Oil prices declined marginally, during trading today, Friday, July 14 (2023), for the first time in 4 sessions, but it is preparing to record a third weekly gain for the first time since April. The oil markets suffer from volatile transactions. The morning trading started on the upside, amid fears of a supply shortage due…
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Oil prices are falling… and Brent crude is under $78
Oil prices witnessed a decline, at the beginning of Asian trading today, Monday, July 10, amid anticipation of US and Chinese economic data this week. Expected cuts in crude oil supplies from Saudi Arabia and Russia helped limit losses. At the beginning of this month, Saudi Arabia announced the extension of the additional reduction 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 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 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 falling for the second day, and Brent crude is below $74
Oil prices fell, during trading today, Friday, June 23 (2023), to continue bleeding losses for the second session in a row, amid fears of a global recession that may limit demand. Oil markets are heading for a weekly decline of more than 3%, with a higher-than-expected rise in interest rates in Britain and warnings of…
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The global price of a barrel of oil is falling… and Brent crude is below $76 – (update)
The global price of a barrel of oil declined by about 2%, at the end of today, Tuesday, June 20 (2023), after China cut interest rates on lending by a less than expected percentage, which raised concerns about the outlook for oil demand in the largest importer of crude in the world. Crude oil prices…
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Crude oil prices are falling… and Brent is below $77 a barrel
Crude oil prices declined marginally, during today’s trading, Thursday, May 18 (2023), amid fears of an economic recession that may affect demand. This comes as traders cautiously await signs of progress in talks to raise the US debt ceiling, which pushed the oil market higher in the previous session due to optimism about US demand…
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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…
