Tag: losses
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Crude oil prices rise for the second day and record weekly losses – (Update)
Crude oil prices rose by about 3%, at the end of trading today, Friday, April 28 (2023), for the second consecutive session, but recorded losses for the second week in a row. Disappointing US economic data and uncertainty about further interest rate hikes affected the outlook for oil demand, sending prices below $80 a barrel.…
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Crude oil prices are rising…and recording strong weekly losses – (Update)
Crude oil prices rose, at the end of trading today, Friday, April 21 (2023), in an attempt to reduce the losses incurred during the previous two sessions. Despite this, the oil markets recorded strong weekly losses, with increasing uncertainty about the economy and interest rates, as the increase in US gasoline stocks raised concerns about…
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Crude oil prices rise 2%… and record monthly and quarterly losses – (Update)
Crude oil prices rose by about 2%, at the end of trading today, Friday, March 31 (2023), with fears of supply shortages, but they recorded monthly and quarterly losses. The markets had started Asian trading on the decline with the return of fears of a global recession affecting demand. Baker Hughes data showed that the…
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Oil price losses continue.. Saudi Arabia and Algeria warn of market collapse
Oil prices continued their losses for the third day, recording their lowest level in more than a year, on the back of fears of a global economic collapse, in the wake of the bankruptcy of a number of US banks, led by Silicon Valley Bank. The uncertainty in the oil markets – amid US moves…
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Crude oil prices rise by more than 1% and record weekly losses – (Update)
Crude oil prices rose by more than 1%, at the end of today’s trading, Friday, March 10 (2023), after a volatile session, with the decline of the US dollar, but it recorded weekly losses. Drilling rigs drilling for oil in the United States decreased by two rigs, bringing the total to 590 rigs, according to…
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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…