Tag: marginally
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Oil prices are rising marginally… and Brent crude is above $79
Oil prices rose marginally, during today’s trading, Thursday, July 20 (2023), in an attempt to overcome the losses incurred in the previous session, in light of the uncertainty about demand and profit-taking operations. A smaller-than-expected decline in US oil inventories and the possibility of a weaker demand outlook kept investors wary. US oil inventories decreased…
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Oil prices are rising marginally… and Brent crude is near $80
Oil prices rose marginally, amid volatile trading, today, Wednesday, July 19 (2023), on the back of fears of an economic recession with a shortage of supplies. The markets are facing fears of a decline in US demand in exchange for China’s pledge to support economic growth, tightening Russian supply, and a decline in US inventories.…
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OPEC + production increases marginally in June .. and Russia cuts 440 thousand barrels per day (survey)
OPEC + oil production rose marginally last June, despite the decline in Russian production as part of Moscow’s pledges to cut production. A recent survey showed that the OPEC + alliance kept its crude oil production almost unchanged in June, amid anticipation of production levels in July, with the implementation of large additional cuts by…
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Crude oil prices rise marginally… and Brent is below $85 – (Update)
Crude oil prices rose at a slight pace, at the end of trading today, Tuesday, April 18 (2023), with the strong economic data coming from China, which is the largest importer of oil in the world. Official data coming from China contributed to the rise in crude oil prices, especially with faster-than-expected economic growth in…
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Crude oil prices are marginally higher.. and Brent is above $85
Crude oil prices rose marginally, during today’s trading, Monday, April 10 (2023), with investors assessing the possibility of tightening supplies after 9 OPEC + countries, led by Saudi Arabia, announced production cuts. Concerns about weak global growth, which could dampen fuel demand, limited the oil market’s gains, amid anticipation of US inflation data. OPEC +…
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Crude oil prices are marginally higher.. and Brent is above $85
Crude oil prices rose marginally during trading today, Wednesday, April 5 (2023), supported by expectations of a decline in US crude inventories, as well as the latest production cut targets set by the OPEC + alliance. The rise in prices for the fifth session in a row comes after the decision of 9 of the…
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Crude oil prices are marginally declining… and Brent is below $83
Crude oil prices declined marginally, today, Thursday, March 9 (2023), for the third consecutive session, amid fears of an economic recession that threatens demand. The markets started the morning trading on the upside, supported by the larger-than-expected drawdown in US oil inventories and hopes on demand in China. Market conditions were dominated by fears that…
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Crude oil prices are marginally declining… and Brent is below $85
Crude oil prices declined marginally during today’s trading, Friday, March 3 (2023), but are heading for weekly gains. The recovery of factory activity in China, the world’s largest oil importer, offset growing concerns about rising US crude inventories and the possibility of interest rate increases in Europe. Crude oil prices today By 07:35 a.m. GMT…
