Tag: rising
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Oil prices are rising… and Brent crude is near $80 – (Update)
Oil prices rose at the close of trading today, Thursday, July 20 (2023), exceeding the losses incurred in the previous session, in light of the uncertainty about demand and profit-taking operations. A smaller-than-expected decline in US oil inventories and the possibility of a weaker demand outlook kept investors wary. US oil inventories decreased less than…
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Oil prices are rising marginally… and Brent crude is above $79
Oil prices rose marginally, during today’s trading, Thursday, July 20 (2023), in an attempt to overcome the losses incurred in the previous session, in light of the uncertainty about demand and profit-taking operations. A smaller-than-expected decline in US oil inventories and the possibility of a weaker demand outlook kept investors wary. US oil inventories decreased…
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Oil prices are rising marginally… and Brent crude is near $80
Oil prices rose marginally, amid volatile trading, today, Wednesday, July 19 (2023), on the back of fears of an economic recession with a shortage of supplies. The markets are facing fears of a decline in US demand in exchange for China’s pledge to support economic growth, tightening Russian supply, and a decline in US inventories.…
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Oil prices are rising for the third day, and Brent crude is above $80
Oil prices rose, during today’s trading, 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 dollar falling. Oil…
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Oil prices are rising due to the “voluntary cut.” Brent crude is above $78
Oil prices rose again at the beginning of trading today, Tuesday, July 11 (2023), to compensate for some of the losses they incurred during the end of yesterday’s trading, 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…
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Oil prices are slowly rising.. Brent crude is above $75
Oil prices rose again, today, Tuesday, July 4 (2023), in the wake of the markets being affected by the announced cuts for the month of August, by the major producers and exporters in the world, led by Saudi Arabia and Russia. Yesterday, Monday, July 3, Saudi Arabia announced that it would extend the additional oil…
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Fuel prices in the UAE for the month of July 2023 are rising again
Fuel prices in the UAE for the month of July 2023 witnessed an increase, after they had decreased in June, at a time when oil prices were trading near $ 75 a barrel. The Gulf state had reduced gasoline prices by about 21 fils per liter in June, while diesel prices were reduced by about…
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Oil prices are rising… and Brent crude is above $74 – (Update)
Oil prices rose, at the end of trading today, Thursday, June 29 (2023), with optimism about the demand for crude, after the decline in US inventories. Crude prices fell in early trading, amid fears of rising interest rates that would dampen economic growth and global demand for fuel, and weak economic data from China affected…
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Oil prices are rising with the support of the Russian crisis… and “Brent” is near $75
Oil prices began trading today, Tuesday, June 27 (2023), with an increase, supported by concerns about political instability in Russia and potential supply disruptions, as well as hopes for a recovery in US demand before the summer season. The political situation in Moscow stabilized after the armed mercenaries withdrew from the city of Rostov in…
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The global price of a barrel of oil is rising… and Brent crude is above $76
The price of a barrel of oil rose globally during trading today, Wednesday, June 21 (2023), in an attempt to compensate for the losses it suffered during the previous two sessions. Expectations that the head of the Federal Reserve will present a plan to revive the economy, confront inflation, and the possibility of a decline…
