Tag: rise
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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 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…
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Oil prices rise for the third session, and Brent crude is near $75
Oil prices rose during trading today, Friday, June 30 (2023), to continue to reap gains for the third consecutive session, supported by hopes for a recovery in demand for crude. Oil markets are preparing for the first monthly gain this year, as a significant decline in US oil inventories overshadowed concerns that fuel demand will…
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Oil prices rise 3% after a decrease in US inventories – (update)
Oil prices rose by about 3% at the end of trading today, Wednesday, June 28 (2023), with a noticeable decline in US inventories, supported by hopes for a recovery in demand. This came after US data showed a larger-than-expected drop in inventories, indicating strong demand from the world’s largest oil consumer. Oil prices are facing…
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Oil prices rise by 1%, and Brent crude is near $75
Oil prices rose about 1% during trading today, Monday, June 26 (2023), in an attempt to compensate for the losses incurred during the past week, due to concerns about supply shortages. This comes after Russia witnessed the Wagner rebellion over the weekend, which raised concerns about political instability in one of the largest oil producers…
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Jordan Petroleum Refinery shares rise with the support of the “Fourth Expansion” project
The Jordan Petroleum Refinery rose by more than 1% during trading today, Wednesday, June 21 (2023), supported by progress in the fourth expansion project, which will raise the refinery’s capacity to 120,000 barrels per day. The fourth expansion project – in addition to raising the refinery’s capacity – aims to improve air quality in Jordan,…
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The global price of a barrel of oil falls 1.5%, with the rise in US inventories – (update)
The global price of a barrel of oil decreased by more than 1.5% at the end of trading today, Wednesday, June 14 (2023), after the rise in US inventories, and the Federal Reserve’s decision to keep interest rates unchanged, for the first time since March 2022. The International Energy Agency raised expectations for oil demand…
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Crude oil prices rise for the third session… and Brent near $77 a barrel – (Update)
Crude oil prices rose at the end of trading today, Monday, June 5, 2023, to continue to reap gains for the third consecutive session, supported by the moves of the coalition of major producers in the OPEC + coalition – led by Saudi Arabia – who agreed to extend the voluntary production cut agreement until…
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Crude oil prices rise 3%… and Brent is above $74 a barrel – (Update)
Crude oil prices witnessed a remarkable increase of 3%, at the end of today’s trading, Thursday, June 1 (2023), after they fell in the previous session, supported by the possibility of stopping raising US interest rates, and taking decisive action to prevent defaulting on the US debt. There is optimism about the increase in oil…
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Crude oil prices rise 2.5% and record weekly losses – (Update)
Crude oil prices rose by about 2.5%, at the end of today’s trading, Friday, June 2, to continue the gains achieved in the previous session; The approval of raising the US debt ceiling, and the possibility of the Federal Reserve stopping raising interest rates contributed to calming market concerns, in addition to the possibility of…
