Tag: recording
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Crude oil prices rise by more than 1%, recording weekly gains – (Update)
Crude oil prices rose by more than 1%, at the close of trading today, Friday, May 26, 2023, in light of the uncertainty about demand and the possibility of OPEC + heading to cut production. Conflicting messages from major OPEC+ producers regarding upcoming moves in oil policy in recent days have made it difficult to…
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Crude oil prices are falling…and recording weekly gains – (Update)
Crude oil prices fell, at the end of trading today, Friday, May 19 (2023), but achieved the first weekly gain in 5 weeks. Crude prices had risen earlier in the day, as investors were cautiously optimistic about the fading risks of defaulting on US debt, but it seems that the results of the talks that…
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Crude oil prices fell by more than 2%, recording the lowest level in 3 weeks – (Update)
Crude oil prices fell by more than 2%, at the end of trading today, Thursday, April 20 (2023), to continue losses for the second day in a row, recording their lowest levels in 3 weeks. This comes amid expectations of an interest rate hike after recent economic data from the US and China failed to…
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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 for the fourth session, recording the highest level since January – (Update)
Crude oil prices rose at the end of trading today, Tuesday, April 4 (2023), to continue to reap gains for the fourth consecutive session, supported by OPEC + moves aimed at stabilizing the markets. And 9 of the countries of the OPEC + coalition, led by Saudi Arabia, decided to make voluntary production cuts of…
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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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Gasoline prices in Sudan are recording a noticeable decline… and diesel prices are on the rise
Gasoline prices fell in Sudan during January, coinciding with the decline in average global oil prices. Gas stations in the capital, Khartoum, and all Sudanese states, in the early hours of this morning, Thursday, January 12, 2023, raised on their billboards the new fuel prices, which witnessed a significant decline in the price of gasoline…