Tag: update
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Crude oil prices rise marginally… and Brent is below $85 – (Update)
Crude oil prices rose at a slight pace, at the end of trading today, Tuesday, April 18 (2023), with the strong economic data coming from China, which is the largest importer of oil in the world. Official data coming from China contributed to the rise in crude oil prices, especially with faster-than-expected economic growth in…
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Crude oil prices are down 2%… and Brent is below $85 – (update)
Crude oil prices fell by more than 2%, at the end of trading today, Monday, April 17 (2023), amid fears of a global economic recession that may affect demand. Markets had started the morning trading on the upside, supported by OPEC + plans to cut more production, and investors looked to Chinese economic data for…
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Crude oil prices rise by more than 2%, the highest level since January – (update)
Crude oil prices rose by more than 2% at the end of trading today, Tuesday, April 11 (2023), after a volatile session, to record the highest level since January 2023. This comes after Chinese inflation data indicated continued weak demand, but the dollar fell and expectations that the Federal Reserve will stop tightening its policy…
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Crude oil prices are gaining for the fourth week in a row – (Update)
Crude oil prices rose, at the end of trading today, Friday, April 14 (2023), amid expectations of a recovery in demand in China with declining supplies, to achieve weekly gains for the fourth time in a row. The International Energy Agency expected global oil demand to grow by two million barrels per day in 2023…
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Crude oil prices fell by more than 1%… and Brent is above $86 – (update)
Crude oil prices fell by more than 1%, at the end of trading today, Thursday, April 13 (2023), after two sessions of gains, amid fears of declining demand. This comes as investors continue to worry about a possible recession in the United States and weak demand for oil, in conjunction with the disclosure of inflation…
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Crude oil prices rise 2%… and Brent is above $87 – (Update)
Crude oil prices rose by more than 2% at the end of trading today, Wednesday, April 12 (2023), to continue to reap gains for the second consecutive session, after the release of US inventories data. This comes at a time when US inflation data showed a decline in the consumer price index in the United…
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Crude oil prices are turning downward… and Brent is near $84 (update)
Crude oil prices turned lower today, Tuesday, April 11 (2023), to continue recording losses for the second consecutive session, amid fears of declining demand. This comes after Chinese inflation data indicated continued weak demand, but the decline in the dollar and expectations that the Federal Reserve will stop tightening its policy limited oil’s losses. Crude…
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Crude oil prices fall by more than 1%.. and Brent is under $85 – (Update)
Crude oil prices fell by more than 1%, at the end of trading today, Monday, April 10 (2023), with the rise of the US dollar and fears of increasing interest rates in the United States, following the monthly jobs report. Crude prices rose in early trading, as investors assessed the possibility of tightening supplies after…
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Crude oil prices rise by more than 6%… and Brent is near $85 – (update)
Crude oil prices jumped more than 6%, at the end of trading today, Monday, April 3, 2023, after countries from OPEC + announced voluntary cuts. And 9 OPEC + countries, led by Saudi Arabia and Russia, announced voluntary cuts of more than 1.65 million barrels per day, starting next May, as a precautionary measure aimed…
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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…