Tag: update
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Oil prices rise 1.5%.. Brent crude is above $81 – (Update)
Oil prices rose, at the end of trading today, 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…
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Oil prices are down by more than 1%.. Brent crude is under $78 – (Update)
Oil prices witnessed a decline of more than 1%, at the end of trading today, Monday, July 10, with fears of raising interest rates and amid anticipation of US and Chinese economic data this week. Expected cuts in crude oil supplies from Saudi Arabia and Russia helped limit losses. At the beginning of this month,…
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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 are fluctuating, and Brent crude is above $76 – (Update)
Oil prices witnessed a volatile session at the end of trading today, Thursday, July 6 (2023), as West Texas crude rose marginally, while Brent crude fell, with growing fears of a global economic recession that might limit demand, and an increase in US inventories. This comes amid fears of a slowdown in demand recovery in…
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Oil prices rise 3%.. Brent crude is above $76 – (Update)
Oil prices rose by about 3% at the end of trading today, Wednesday, July 5 (2023), with Saudi Arabia confirming that it will do what is necessary to support the market, indicating the possibility of approving more production cuts. During the last session, the markets witnessed a recovery, after Saudi Arabia and Russia announced that…
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Oil prices record quarterly losses for the fourth time in a row – (Update)
Oil prices rose by more than 1% at the end of 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, but it recorded quarterly losses for the fourth time in a row. Oil markets achieved their first monthly…
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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 rise 3% after a decrease in US inventories – (update)
Oil prices rose by about 3% at the end of trading today, Wednesday, June 28 (2023), with a noticeable decline in US inventories, supported by hopes for a recovery in demand. This came after US data showed a larger-than-expected drop in inventories, indicating strong demand from the world’s largest oil consumer. Oil prices are facing…
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Oil prices are down 2.5%.. Brent crude is less than $73 – (Update)
Oil prices fell by about 2.5%, at the end of trading today, Tuesday, June 27 (2023), after it had started with a rise 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…
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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…
