Tag: update
-
Crude oil prices fall by more than 1% and record weekly gains – (Update)
Crude oil prices fell by more than 1%, at the end of trading today, Friday, March 24, 2023, for the second day in a row, amid expectations of a possible surplus in supply, but they are achieving weekly gains. This came after US Energy Secretary Jennifer Granholm said that refilling the country’s strategic oil reserves…
-
Oil prices rise 2%.. Brent crude is near $77 – (Update)
Crude oil prices rose by about 2%, at the end of trading today, Wednesday, March 22 (2023), with the decline of the US dollar. US oil inventories rose over the past week, contrary to analysts’ expectations, limiting price gains. The US Federal Reserve decided to raise interest rates by 25 basis points, for the ninth…
-
Crude oil prices are turning higher… and Brent is near $74 – (Update)
Crude oil prices turned up by more than 1%, at the end of trading today, Monday, March 20, 2023, after a volatile session, amid fears of a global economic recession. And raised risks in the global banking sector fears of a recession that could lead to a decline in demand for fuel and ahead of…
-
Crude oil prices rise by more than 1% … and Brent is near $ 75 – (update)
Crude oil prices rose by more than 1%, at the end of today’s trading, Thursday, March 16 (2023), after 3 sessions of losses, as a result of which they fell to their lowest levels in 15 months. Oil markets calmed somewhat after Swiss regulators threw away a financial lifeline to Credit Suisse, but fears of…
-
Crude oil prices recorded a weekly loss of 13%… and Brent is under $73 – (update)
Crude oil prices fell, at the end of trading today, Friday, March 17 (2023), with fears of an economic recession, to record strong weekly losses of about 13%. Crude prices rose in early trading, supported by Saudi Arabia and Russia’s assurances of their commitment to the OPEC + decision to reduce oil production by two…
-
Crude oil prices are down 1%… and Brent is below $77 (update)
Crude oil prices fell back by more than 1% today, Wednesday, March 15 (2023), to continue bleeding losses for the third consecutive session, with continued fears of an economic recession following the collapse of the US Silicon Valley Bank. Markets had some support in early trading today from OPEC’s strong outlook on Chinese demand, which…
-
Crude oil prices are down 1%.. and Brent is under $82 (update)
Crude oil prices fell by more than 1% during trading today, Monday, March 13 (2023), amid fears of a global recession. The oil markets had climbed to the green zone earlier in today’s session, supported by the recovery of Chinese demand, but the collapse of the Silicon Valley bank raised fears of a new financial…
-
Crude oil prices fell by more than 3.5%… and Brent is below $84 – (update)
Crude oil prices fell by more than 3.5%, at the close of trading today, Tuesday, March 7 (2023), with increasing concerns about demand for crude, after the statements of the US Federal Reserve Chairman. Federal Reserve Chairman Jerome Powell said the Fed will continue to raise interest rates unless the Fed shows signs of slowing.…
-
Crude oil prices fall by more than 1% after a volatile session – (Update)
Crude oil prices fell by more than 1% at the end of trading today, Thursday, March 9 (2023), after a volatile session, amid fears of an economic recession that threatens demand. The markets had started the morning trading on the upside, supported by the larger-than-expected drawdown in US oil inventories and hopes on demand in…
-
Crude oil prices rise by more than 1% and record weekly losses – (Update)
Crude oil prices rose by more than 1%, at the end of today’s trading, Friday, March 10 (2023), after a volatile session, with the decline of the US dollar, but it recorded weekly losses. Drilling rigs drilling for oil in the United States decreased by two rigs, bringing the total to 590 rigs, according to…