Tag: prices
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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…
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Crude oil prices are down 1.5%, and Brent is $84
Crude oil prices fell about 1.5%, during today’s trading, Friday, February 17 (2023), amid fears of a global recession that may affect demand. Oil markets are heading to record weekly losses; Strong US economic data added to concerns that the Federal Reserve will tighten monetary policy further to counter inflation, a move that could hurt…
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Crude oil prices are falling for the third consecutive session – (Update)
Crude oil prices fell for the third consecutive session at the end of trading today, Thursday, February 16 (2023), with signs of slowing demand in America. Crude prices had risen during trading; Hopes for a strong recovery in fuel demand in China, the largest oil consumer, compensated for the losses resulting from the strength of…
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Crude oil prices are rising… and Brent is near $86
Crude oil prices rose, during today’s trading, Thursday, February 16 (2023), amid hopes for an increase in demand. The rally comes after two days of decline; Hopes for a strong recovery in fuel demand in China, the largest oil consumer, compensated for the losses resulting from the strength of the dollar and the increase in…
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Crude oil prices fall in a volatile session after US inventories data – (Update)
Crude oil prices fell in a volatile session at the end of today, Wednesday, February 15 (2023), after the release of the US inventories report. And raised a much larger-than-expected rise in US oil inventories, and expectations of higher interest rates, concerns about the possibility of weak demand for fuel and economic recession. Crude oil…
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Crude oil prices are down 1.5%… and Brent is near $84
Crude oil prices fell for the second consecutive session today, Wednesday, February 15 (2023), amid fears of lower demand. A much larger-than-expected rise in US oil inventories and expectations of an interest rate hike raised concerns about the possibility of weaker fuel demand and an economic recession. Crude oil prices today By 07:28 a.m. GMT…
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Oil prices are falling, supported by the announcement of the launch of the US Strategic Reserve
Oil prices fell globally, today, Tuesday, February 14 (2023), after the US government announced its intention to release more of its strategic reserve stock, as mandated by lawmakers. This announcement by the US government came to challenge the expectations of some traders, who excluded this launch from the strategic reserve, or at least the possibility…
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Crude oil prices are rising… and US crude exceeds $80 – (Update)
Crude oil prices turned upward, at the end of today’s trading, Monday, February 13 (2023), with fears of supply shortages and amid a decline in the US dollar. Crude prices fell in early trading as investors focused on short-term demand concerns stemming from crucial US inflation data and refinery maintenance in Asia and the United…
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Crude oil prices are down 1%.. and Brent is under $86
Crude oil prices fell about 1%, during today’s trading, Monday, February 13 (2023), amid fears of an economic recession. Investors focused on short-term demand concerns stemming from crucial US inflation data and refinery maintenance in Asia and the US. Crude oil prices today By 07:33 a.m. GMT (10:33 a.m. Mecca time), benchmark Brent crude futures…
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Fuel prices in Morocco… a year of war, high prices and protests (report)
The war in Ukraine, which began in February (2022), had a significant impact on fuel prices in Morocco, among other Arab countries that were strongly affected by the crisis caused by the confusion and uncertainty about supply in the markets. The fuel markets in Morocco received a strong shock with the rise in international oil…