Tag: rise
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Oil prices rise 2.5%.. Brent crude is above $75 – (Update)
Crude oil prices rose by about 2.5%, at the end of trading today, Tuesday, March 21 (2023), in an attempt to compensate for some losses after a week of banking unrest, which cast a shadow on the markets. Oil is seeking to recover from a 15-month low hit the day before, as the Credit Suisse…
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Oil prices rise 2%.. Brent crude is near $77 – (Update)
Crude oil prices rose by about 2%, at the end of trading today, Wednesday, March 22 (2023), with the decline of the US dollar. US oil inventories rose over the past week, contrary to analysts’ expectations, limiting price gains. The US Federal Reserve decided to raise interest rates by 25 basis points, for the ninth…
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Shares of major oil companies rise, led by Saudi Aramco
Shares of major oil companies received a significant boost during trading today, Tuesday, March 21, after a number of central banks revealed their intention to inject liquidity into the market to support the banking system. And the stocks of energy companies in the Asian, European and American markets reaped gains again, in conjunction with the…
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Crude oil prices rise by more than 1% … and Brent is near $ 75 – (update)
Crude oil prices rose by more than 1%, at the end of today’s trading, Thursday, March 16 (2023), after 3 sessions of losses, as a result of which they fell to their lowest levels in 15 months. Oil markets calmed somewhat after Swiss regulators threw away a financial lifeline to Credit Suisse, but fears of…
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Crude oil prices rise for the second day, and Brent is above $75
Crude oil prices rose, during trading today, Friday, March 17 (2023), for the second session in a row, in an attempt to regain some gains after the losses they suffered at the beginning of the week. The rise was supported by Saudi Arabia and Russia’s assurances of their commitment to the OPEC + decision to…
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Crude oil prices rise by more than 1% and record weekly losses – (Update)
Crude oil prices rose by more than 1%, at the end of today’s trading, Friday, March 10 (2023), after a volatile session, with the decline of the US dollar, but it recorded weekly losses. Drilling rigs drilling for oil in the United States decreased by two rigs, bringing the total to 590 rigs, according to…
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Crude oil prices rise 1%.. Brent is above $86 – (Update)
Crude oil prices rose by about 1%, at the close of trading today, Monday, March 6 (2023), to surpass Brent crude at $86 per barrel, after a volatile session. Crude prices fell during trading, amid fears of a decline in demand, after China set a lower-than-expected target for economic growth this year at 5%, while…
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Crude oil prices rise to the highest level in two weeks – (Update)
Crude oil prices rose at the end of their trading today, Wednesday, March 1 (2023), to continue to reap gains for the second consecutive session, recording the highest level in two weeks, after the release of US inventories data. This comes with a strong jump in manufacturing in China, the world’s largest crude importer, which…
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Crude oil prices rise in a volatile session… and Brent near $85 – (update)
Crude oil prices rose at the end of trading today, Thursday, March 2 (2023), to continue reaping gains for the third consecutive session. The oil markets witnessed a volatile session, as trading began on the rise, and then fell under pressure from fears of falling demand after the data showed a decline in US oil…
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Crude oil prices rise 2% and record weekly gains – (Update)
Crude oil prices rose at the end of trading today, Friday, March 3 (2023), to achieve weekly gains, with Brent crude rising near $86 a barrel. The recovery of factory activity in China, the world’s largest oil importer, offset growing concerns about rising US crude inventories and the possibility of interest rate increases in Europe.…