Tag: session
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Oil prices fell 1% in a volatile session… and Brent crude is under $75 – (update)
Oil prices fell at the end of trading today, Monday, July 3 (2023), after a volatile session, after rising during trading, amid fears of a supply shortage after Saudi Arabia’s decision to extend the voluntary cut for the month of August. And Saudi Arabia announced the extension of the voluntary cut of one million barrels…
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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 decline for the second session and record weekly losses – (Update)
Oil prices fell, at the end of trading today, Friday, June 23 (2023), to continue bleeding losses for the second session in a row, amid fears of a global recession that might limit demand. Oil markets recorded a weekly decline of about 4%, with a higher-than-expected rate hike in Britain and warnings of looming increases…
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The global price of a barrel of oil falls in a volatile session… and Brent crude is below $76 – (update)
The price of a barrel of oil fell globally by more than 1.5%, at the end of trading today, Thursday, June 8 (2023), to return to decline, after it rose in the previous session, supported by fears of a shortage of supply after Saudi Arabia pledged to cut production by about 1.5 million barrels per…
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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 fall in a volatile session… and Brent is below $75 – (Update)
Crude oil prices fell, at the end of trading today, Tuesday, May 16 (2023), after a volatile session; The impact of weak economic data in China overshadowed the announcement by the United States of its plans to buy huge quantities of crude to fill its strategic reserves. A batch of weaker-than-expected Chinese data indicated that…
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Crude oil prices rose after a volatile session… and Brent is above $77 – (Update)
Crude oil prices rose, at the end of trading today, Tuesday, May 9 (2023), after a volatile session, with optimism about fuel demand during the summer. The market remained cautious ahead of the US April inflation data, which will be key to the next Fed rate decision. And the US Energy Information Administration raised its…
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Crude oil prices fall in a volatile session… and Brent is above $72 – (Update)
Crude oil prices varied, at the end of trading today, Thursday, May 4 (2023), as US West Texas crude fell, while Brent crude rose above $ 72, in an attempt to compensate for losses that amounted to more than 9% during the previous 3 sessions. This comes as demand concerns among major consumers outweighed signs…
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Crude oil prices rise for the fourth session, recording the highest level since January – (Update)
Crude oil prices rose at the end of trading today, Tuesday, April 4 (2023), to continue to reap gains for the fourth consecutive session, supported by OPEC + moves aimed at stabilizing the markets. And 9 of the countries of the OPEC + coalition, led by Saudi Arabia, decided to make voluntary production cuts of…
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Crude oil prices rise for the fourth session, and Brent is above $85
Crude oil prices rose during trading today, Tuesday, April 4 (2023), to continue to reap gains for the fourth consecutive session, supported by OPEC + moves aimed at stabilizing the markets. And 9 of the countries of the OPEC + coalition, led by Saudi Arabia, decided to make voluntary production cuts of 1.66 million barrels…
