Tag: rise
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Oil prices continue to rise.. Brent crude is near $83
Oil prices continued to rise today, Tuesday, July 25 (2023), amid indications of scarce supplies, and pledges by the Chinese authorities to support the economy to greater degrees, which contributed to raising sentiment in the markets. Crude prices had achieved a significant rise for the first time in weeks, as it exceeded the barrier of…
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Oil prices rise 2%, recording the highest level in 3 months – (Update)
Oil prices rose by more than 2% at the close of trading today, Monday, July 24 (2023), to record their highest levels in 3 months, after a series of volatile sessions during the past week. Traders expect further rate hikes from US and European central banks, but tight supplies and hopes for Chinese stimulus have…
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Expectations of a rise in oil prices above $ 90 .. A survey of the “energy”
Most of the readers of the specialized energy platform expect oil prices to rise above the $90 per barrel barrier in the coming weeks, supported by the OPEC+ countries’ moves to cut production. The markets are facing a shortage of supplies, during the coming period, after Saudi Arabia announced the extension of the voluntary cut…
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Oil prices rise 2%, recording weekly gains – (Update)
Oil prices rose by 2% at the end of trading today, Friday, July 21 (2023), to achieve gains for the fourth consecutive week, amid hopes for a recovery in demand. This comes at a time when the markets are assessing the prospects for economic stimulus in China after weak economic data and the decline in…
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Oil prices rise 1%, and Brent crude is above $80
Oil prices rose, during trading today, Friday, July 21 (2023), to continue to reap gains for the second day in a row, amid hopes for a recovery in demand. This comes at a time when the markets are assessing the prospects for economic stimulus in China after weak economic data and the decline in oil…
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Saudi oil exports to China exceed expectations and rise 12%
Saudi oil exports to China exceeded expectations last June, registering an increase of 12% compared to May 2023. Total Saudi oil shipments to China amounted to about 7.92 million metric tons last month, or 1.93 million barrels per day, according to data seen by the specialized energy platform. The amount of Saudi oil exports to…
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Oil prices rise by more than 2%.. Brent crude is near $80 – (Update)
Oil prices rose by more than 2% at the end of trading today, Tuesday, July 18 (2023), amid concerns about demand and expectations of a decline in US oil production during next August. Crude prices faced a noticeable decline in recent sessions, in light of the Chinese economy continuing to achieve weaker-than-expected growth, which does…
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Oil prices rise by about 1%, and Brent crude is above $78
Crude oil prices moved slightly higher at the beginning of Asian trading, today, Tuesday, July 18 (2023), amid investors’ aspirations for a possible announcement of an increase in US supplies. This comes at a time when crude prices faced a noticeable decline in recent sessions, in light of the Chinese economy continuing to achieve weaker-than-expected…
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Oil prices rise 2.5%.. Brent crude is above $79 – (Update)
Crude oil prices continued to consolidate their gains, to about 2.5%, by the end of trading today, Tuesday, July 11 (2023), 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 two largest crude exporters in the world, namely…
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Oil prices rise by more than 1%.. Brent crude is above $80 – (Update)
Oil prices consolidated their gains by more than 1% at the end of today’s trading, Wednesday, July 12 (2023), as the price of a barrel of Brent crude exceeded the $80 level for the first time since April (2023), with the decline of the US dollar after US data showed a slowdown. inflation. Oil prices…
