Tag: volatile
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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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The global price of a barrel of oil falls in a volatile session… and Brent crude is below $76 – (update)
The price of a barrel of oil fell globally by more than 1.5%, at the end of trading today, Thursday, June 8 (2023), to return to decline, after it rose in the previous session, supported by fears of a shortage of supply after Saudi Arabia pledged to cut production by about 1.5 million barrels per…
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Crude oil prices fall in a volatile session… and Brent is below $75 – (Update)
Crude oil prices fell, at the end of trading today, Tuesday, May 16 (2023), after a volatile session; The impact of weak economic data in China overshadowed the announcement by the United States of its plans to buy huge quantities of crude to fill its strategic reserves. A batch of weaker-than-expected Chinese data indicated that…
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Crude oil prices rose after a volatile session… and Brent is above $77 – (Update)
Crude oil prices rose, at the end of trading today, Tuesday, May 9 (2023), after a volatile session, with optimism about fuel demand during the summer. The market remained cautious ahead of the US April inflation data, which will be key to the next Fed rate decision. And the US Energy Information Administration raised its…
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Crude oil prices fall in a volatile session… and Brent is above $72 – (Update)
Crude oil prices varied, at the end of trading today, Thursday, May 4 (2023), as US West Texas crude fell, while Brent crude rose above $ 72, in an attempt to compensate for losses that amounted to more than 9% during the previous 3 sessions. This comes as demand concerns among major consumers outweighed signs…
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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…
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Crude oil prices rise in a volatile session… and Brent near $85 – (update)
Crude oil prices rose at the end of trading today, Thursday, March 2 (2023), to continue reaping gains for the third consecutive session. The oil markets witnessed a volatile session, as trading began on the rise, and then fell under pressure from fears of falling demand after the data showed a decline in US oil…
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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 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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The global price of a barrel of oil is witnessing a volatile session… and Brent is above $86 – (Update)
The global price of a barrel of oil witnessed a volatile session at the end of trading today, Wednesday, January 25 (2023), with the release of US inventories data, and amid hopes for increased demand. After prices fell by more than 1% during trading, US crude ended today’s session marginally higher, while Brent fell slightly.…
