Tag: prices
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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…
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Crude oil prices rise by more than 2% and record weekly gains – (Update)
Crude oil prices rose by more than 2%, at the end of today’s trading, Friday, February 10 (2023), to achieve weekly gains. This came with Russia’s announcement of plans to cut oil production next month after the West imposed ceilings on oil prices and petroleum products in the country. Crude oil prices began their trading…
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Crude oil prices fall in a volatile session… and Brent is below $85 – (Update)
Crude oil prices fell for the first time in 4 consecutive sessions at the end of trading today, Thursday, February 9 (2023), with concerns about demand in America. Crude prices witnessed a volatile session; Optimism about a recovery in Chinese demand was offset by concerns about weak economic activity in the US, after inventories hit…
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Crude oil prices are rising… and Brent is above $85
Crude oil prices rose marginally, during today’s trading, Thursday, February 9 (2023), amid hopes for a recovery in demand. Optimism about a recovery in Chinese demand was offset by fears of weaker activity in the US, after inventories hit a 19-month high. Crude oil prices today By 07:29 a.m. GMT (10:29 a.m. Mecca time), the…
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Oil prices rise by more than 1.5%.. Brent crude is above $85 – (Update)
Oil prices rose by more than 1.5% for the third consecutive session at the end of trading today, Wednesday, February 8 (2023), with optimism about the demand for crude and the decline of the US dollar. This comes despite the rise in oil stocks in the United States for the seventh week in a row,…
