Tag: risen..

The price of a barrel of oil rose globally, during today’s trading, Thursday, February 2 (2023), trying to compensate for the losses it suffered during the previous session. The decline in the US dollar restored some appetite for risky assets, and the OPEC + decision to extend production cuts helped calm oversupply fears. The global…

The price of a barrel of oil rose globally during trading today, Wednesday, February 1 (2023), amid hopes for a recovery in demand. This comes after signs of slowing inflation in the US eased fears that the world’s largest user of oil could face a recession due to further interest rate hikes, and a weaker…

The price of a barrel of oil rose globally, during today’s trading, Friday, January 27 (2023), amid expectations of an increase in demand. This comes supported by stronger-than-expected US economic growth and hopes for a recovery in Chinese demand, with coronavirus cases and deaths declining from peak levels last month. The global price of a…

The price of a barrel of oil rose globally, during today’s trading, Thursday, January 26, 2023, after US crude stocks jumped less than expected. Investors are looking forward to more clarity on supply drivers, including the OPEC+ meeting and the imminent EU ban on Russian oil derivatives. The global price of a barrel of oil…

The price of a barrel of oil rose globally during trading today, Wednesday, January 25 (2023), amid hopes for increased demand. This comes amid optimism about the recovery of demand in China, the largest oil importer in the world, and expectations that the main producers will maintain the current production policy, which offset fears of…

The price of a barrel of oil rose globally, during today’s trading, Friday, January 20, 2023, and is heading to reap weekly gains for the second time in a row. This is largely driven by China’s bright economic prospects. This will boost fuel demand in the world’s second largest economy. The global price of a…

The price of a barrel of oil rose globally during trading today, Wednesday, January 18 (2023), to continue the gains for the second consecutive session. This comes with optimism that lifting the strict restrictions imposed by China on Corona will lead to a recovery in fuel demand in the world’s largest oil importer. The global…