Tag: rise
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Crude oil prices rise by more than 2.5%… and Brent exceeds $77 – (Update)
Crude oil prices rose by more than 2.5%, at the end of trading today, Monday, May 8 (2023), for the second session in a row, in an attempt to reduce the losses incurred during the past week. This comes after easing fears of a recession in the US, which led to prices falling for 3…
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Saudi Aramco share price jumps 2%.. and two experts expect its rise to continue
Aramco’s share price jumped higher today, Sunday, May 7 (2023), achieving gains of 2%, with the approaching date of announcing the company’s quarterly business results. The Saudi oil giant is preparing to announce its business results for the first quarter of this year (2023), on Tuesday, May 9, which is expected to witness strong quarterly…
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Crude oil prices rise 1%, and Brent is above $73
Crude oil prices rose more than 1% during trading today, Friday, May 5 (2023), but they are preparing to record weekly losses for the third time in a row. This comes after the markets witnessed a significant drop amid fears of a weak US economy and slowing Chinese demand. Crude oil prices today By 06:51…
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A report expects oil prices to rise to $105.. When will this happen?
Oil prices witnessed another decline over the past weeks, as they are currently trading below $75 per barrel. This came in the wake of the recent rise that pushed Brent crude prices above $85 a barrel, following the sudden voluntary production cuts announced by members of the OPEC+ alliance in early April 2023, which will…
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Crude oil prices rise for the second day and record weekly losses – (Update)
Crude oil prices rose by about 3%, at the end of trading today, Friday, April 28 (2023), for the second consecutive session, but recorded losses for the second week in a row. Disappointing US economic data and uncertainty about further interest rate hikes affected the outlook for oil demand, sending prices below $80 a barrel.…
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Crude oil prices rise for the first time in 3 sessions… and Brent is above $78 – (Update)
Crude oil prices rose, at the end of trading today, Thursday, April 27 (2023), in an attempt to reduce the huge losses incurred during the previous two sessions. The major decline in the oil markets was driven by fears of a US recession and an increase in Russian oil exports. This reduced the impact of…
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Crude oil prices rise by more than 1% … and Brent is near $ 83 – (update)
Crude oil prices rose by more than 1%, at the end of trading today, Monday, April 24 (2023), with the decline in the US dollar and optimism about demand in China. This comes amid expectations of a decline in global fuel demand, which outweighed support from the possibility of supply cuts due to OPEC+ supply…
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Crude oil prices rise marginally… and Brent is below $85 – (Update)
Crude oil prices rose at a slight pace, at the end of trading today, Tuesday, April 18 (2023), with the strong economic data coming from China, which is the largest importer of oil in the world. Official data coming from China contributed to the rise in crude oil prices, especially with faster-than-expected economic growth in…
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Crude oil prices are back on the rise… and Brent is above $85 a barrel
Crude oil prices witnessed a slight increase, today, Tuesday, April 18 (2023), supported by the strong economic data coming from China, which is the largest importer of oil in the world. The data reinforced the expectations of demand for crude oil, which contributed to achieving a price recovery, despite what witnessed yesterday’s sessions, Monday, April…
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Crude oil prices rise by more than 2%, the highest level since January – (update)
Crude oil prices rose by more than 2% at the end of trading today, Tuesday, April 11 (2023), after a volatile session, to record the highest level since January 2023. This comes after Chinese inflation data indicated continued weak demand, but the dollar fell and expectations that the Federal Reserve will stop tightening its policy…