Tag: update
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Oil prices fall by more than 1%.. Brent crude is under $86 – (Update)
Oil prices fell globally by more than 1%, at the end of today, Tuesday, February 14 (2023), after the US government announced its intention to release more of its strategic reserve stocks. This announcement by the US government came to challenge the expectations of some traders, who excluded this launch from the strategic reserve, or…
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Crude oil prices fell by more than 2.5%, recording weekly losses – (Update)
Crude oil prices fell by more than 2.5%, at the end of trading today, Friday, February 17 (2023), amid fears of a global recession that might affect demand, to record Brent crude at $83 a barrel. Crude prices recorded weekly losses; Strong US economic data added to concerns that the Federal Reserve will tighten monetary…
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Crude oil prices are falling for the third consecutive session – (Update)
Crude oil prices fell for the third consecutive session at the end of trading today, Thursday, February 16 (2023), with signs of slowing demand in America. Crude prices had risen during trading; Hopes for a strong recovery in fuel demand in China, the largest oil consumer, compensated for the losses resulting from the strength of…
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Crude oil prices fall in a volatile session after US inventories data – (Update)
Crude oil prices fell in a volatile session at the end of today, Wednesday, February 15 (2023), after the release of the US inventories report. And raised a much larger-than-expected rise in US oil inventories, and expectations of higher interest rates, concerns about the possibility of weak demand for fuel and economic recession. Crude oil…
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Crude oil prices are rising… and US crude exceeds $80 – (Update)
Crude oil prices turned upward, at the end of today’s trading, Monday, February 13 (2023), with fears of supply shortages and amid a decline in the US dollar. Crude prices fell in early trading as investors focused on short-term demand concerns stemming from crucial US inflation data and refinery maintenance in Asia and the United…
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The global price of a barrel of oil rises 1%… and Brent crude is near $81 – (update)
The price of a barrel of oil rose globally by more than 1% at the end of the day, Monday, February 6 (2023), after declining significantly during the past week, to its lowest level in 3 weeks. Oil prices fell by 8% over the past week, with increasing fears that slowing growth in major economies…
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Crude oil prices rise by more than 2% and record weekly gains – (Update)
Crude oil prices rose by more than 2%, at the end of today’s trading, Friday, February 10 (2023), to achieve weekly gains. This came with Russia’s announcement of plans to cut oil production next month after the West imposed ceilings on oil prices and petroleum products in the country. Crude oil prices began their trading…
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Crude oil prices fall in a volatile session… and Brent is below $85 – (Update)
Crude oil prices fell for the first time in 4 consecutive sessions at the end of trading today, Thursday, February 9 (2023), with concerns about demand in America. Crude prices witnessed a volatile session; Optimism about a recovery in Chinese demand was offset by concerns about weak economic activity in the US, after inventories hit…
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Oil prices rise by more than 1.5%.. Brent crude is above $85 – (Update)
Oil prices rose by more than 1.5% for the third consecutive session at the end of trading today, Wednesday, February 8 (2023), with optimism about the demand for crude and the decline of the US dollar. This comes despite the rise in oil stocks in the United States for the seventh week in a row,…
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Oil prices jump 4%… Brent crude is above $83 – (Update)
Global oil prices continued to consolidate their gains by more than 4% at the end of the day, Tuesday, February 7 (2023), supported by optimism about demand in China. Crude prices also received support from concerns about the closure of a major export terminal in Turkey after the country was hit by a devastating earthquake…