Tag: prices
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Oil prices rise 1.5%.. Brent crude is above $81 – (Update)
Oil prices rose, at the end of trading today, Thursday, July 13 (2023), to continue to reap gains for the third day in a row, amid hopes for a recovery in demand. This came after US inflation and economic data raised hopes that the Federal Reserve might have fewer hikes in interest rates, with the…
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Oil prices are rising for the third day, and Brent crude is above $80
Oil prices rose, during today’s trading, Thursday, July 13 (2023), to continue to reap gains for the third day in a row, amid hopes for a recovery in demand. This came after US inflation and economic data raised hopes that the Federal Reserve might have fewer hikes in interest rates, with the dollar falling. Oil…
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Oil prices are rising due to the “voluntary cut.” Brent crude is above $78
Oil prices rose again at the beginning of trading today, Tuesday, July 11 (2023), to compensate for some of the losses they incurred during the end of yesterday’s trading, with traders focusing on reducing production by Saudi Arabia and Russia, in addition to the weakness of the dollar. The reduction in oil production by the…
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Oil prices are down by more than 1%.. Brent crude is under $78 – (Update)
Oil prices witnessed a decline of more than 1%, at the end of trading today, Monday, July 10, with fears of raising interest rates and 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,…
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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 fell 1% in a volatile session… and Brent crude is under $75 – (update)
Oil prices fell at the end of trading today, Monday, July 3 (2023), after a volatile session, after rising during trading, amid fears of a supply shortage after Saudi Arabia’s decision to extend the voluntary cut for the month of August. And Saudi Arabia announced the extension of the voluntary cut of one million barrels…
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Saudi Aramco violates expectations and raises oil selling prices
Saudi Aramco announced the official prices for the sale of shipments of Arab Light crude during the coming month of August (2023), to its customers in Asia, Europe and the United States. The company decided to raise the official sale price of Saudi Arabian Light crude oil to its customers in Asia by 20 US…
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Oil prices are fluctuating, and Brent crude is above $76 – (Update)
Oil prices witnessed a volatile session at the end of trading today, Thursday, July 6 (2023), as West Texas crude rose marginally, while Brent crude fell, with growing fears of a global economic recession that might limit demand, and an increase in US inventories. This comes amid fears of a slowdown in demand recovery 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 rise 3%.. Brent crude is above $76 – (Update)
Oil prices rose by about 3% at the end of trading today, Wednesday, July 5 (2023), with Saudi Arabia confirming that it will do what is necessary to support the market, indicating the possibility of approving more production cuts. During the last session, the markets witnessed a recovery, after Saudi Arabia and Russia announced that…
