Tag: update
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Oil prices rise 2%, recording the highest level in 3 months – (Update)
Oil prices rose by more than 2% at the close of trading today, Monday, July 24 (2023), to record their highest levels in 3 months, after a series of volatile sessions during the past week. Traders expect further rate hikes from US and European central banks, but tight supplies and hopes for Chinese stimulus have…
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Oil prices are turning higher… and Brent crude is near $82 (update)
Oil prices turned higher during trading today, Monday, July 24 (2023), as a shortage of supplies overshadowed fears of an economic recession. Traders expect further rate hikes from US and European central banks, but tight supplies and hopes for Chinese stimulus have supported Brent above $80 a barrel. Markets are assessing the prospects for economic…
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Oil prices fall 2%… and Brent crude is below $79 – (update)
Oil prices fell by almost 2% at the close of trading today, Monday, July 17 (2023), to continue bleeding losses for the second session in a row, amid fears of declining demand. Chinese economic data showed slowing growth in the second quarter; What raised concern about demand in the world’s second largest oil consumer, with…
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Oil prices rise 2%, recording weekly gains – (Update)
Oil prices rose by 2% at the end of trading today, Friday, July 21 (2023), to achieve gains for the fourth consecutive week, amid hopes for a recovery in demand. This comes at a time when the markets are assessing the prospects for economic stimulus in China after weak economic data and the decline in…
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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 falling… and Brent crude is below $80 – (Update)
Oil prices fell at the end of trading on Wednesday, July 19 (2023), amid fears of an economic recession with a lack of supplies, and the release of US oil inventories data. The markets are facing fears of a decline in US demand in exchange for China’s pledge to support economic growth, tightening Russian supply,…
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Oil prices rise by more than 2%.. Brent crude is near $80 – (Update)
Oil prices rose by more than 2% at the end of trading today, Tuesday, July 18 (2023), amid concerns about demand and expectations of a decline in US oil production during next August. Crude prices faced a noticeable decline in recent sessions, in light of the Chinese economy continuing to achieve weaker-than-expected growth, which does…
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Oil prices rise 2.5%.. Brent crude is above $79 – (Update)
Crude oil prices continued to consolidate their gains, to about 2.5%, by the end of trading today, Tuesday, July 11 (2023), 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 two largest crude exporters in the world, namely…
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Oil prices rise by more than 1%.. Brent crude is above $80 – (Update)
Oil prices consolidated their gains by more than 1% at the end of today’s trading, Wednesday, July 12 (2023), as the price of a barrel of Brent crude exceeded the $80 level for the first time since April (2023), with the decline of the US dollar after US data showed a slowdown. inflation. Oil prices…
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Oil prices decline 2% … and record weekly gains – (Update)
Oil prices fell by about 2%, at the end of trading today, Friday, July 14 (2023), for the first time in 4 sessions, but it achieved its third weekly gain for the first time since April. The oil markets suffer from volatile transactions. The morning trading started on the upside, amid fears of a supply…
