Tag: brent
Oil prices rose during trading today, Wednesday, June 1, 2022, after European Union leaders agreed on a partial and gradual ban on Russian oil, coinciding with China ending its closure due to Covid-19 in Shanghai. Oil prices had concluded yesterday’s session, amid volatile trading; US crude turned lower, while Brent crude rose near $123. Oil […]
Oil prices reach their highest level in two months, and Brent crude is near $120 Oil prices rose in trading today, Monday, May 30, 2022, recording their highest levels in more than two months before the European Union meeting on imposing new sanctions on Russia. The oil market is awaiting whether the new package of […]
Oil prices are rising.. Brent crude above $ 116 Oil prices rose during trading today, Thursday, May 26, 2022, to continue their cautious rise this week, amid indications of a tight supply. It comes as the European Union is arguing with Hungary over plans to ban oil imports from Russia, the world’s second-largest crude exporter, […]
Oil prices rose about 1% during trading on Monday, with the increase in demand in the United States for fuel and the scarcity of supply. This comes as Shanghai, the economic capital of China, is happy to reopen its doors after a two-month closure; This has raised concerns about a sharp slowdown in growth. This […]
Oil prices rose today, Wednesday, May 18, on expectations that the easing of restrictions imposed to combat the Corona virus in China will lead to a rise in demand, as industry data showed a decrease in US crude stocks. And the authorities in China allowed about 864 financial institutions in Shanghai to resume work, one […]
Oil prices are down 2%, and Brent crude is below $106 Oil prices fell more than 2% during Thursday’s trading; Economic and recession fears have roiled global financial markets, outstripping supply concerns and geopolitical tensions in Europe. Oil prices are under pressure this week, along with global financial markets, amid concerns about rising interest rates, […]
Oil prices rose about 3% during trading today, Wednesday, May 11, 2022, after losses of nearly 10% during the previous two sessions. The rally is supported by concerns about supplies; The European Union is working to win support for a Russian oil embargo. Major producers have warned that they may struggle to plug the deficit […]
Oil prices rose about 1% during trading today, Friday, for the fourth consecutive day, as fears of disruption of Russian supplies outweighed the closures in China, the largest importer of crude in the world, due to the outbreak of the Corona virus. Yesterday, Thursday, oil prices ended more than 3% higher, after volatile trading, with […]
Oil prices rose by more than 1.5%, during trading on Thursday, with the emergence of supply concerns due to a possible European Union embargo on Russian oil, days after the decline in supplies from Libya rocked the market. This comes amid tight supply fundamentals, with sentiment receiving additional support with a significant drawdown in US […]
Oil prices deepened their losses by more than 4% during trading on Tuesday, with fears of slowing demand for crude, and the rise of the dollar to its highest level in two years. The International Monetary Fund cut its forecast for global economic growth this year to 3.6%, down by 0.8% from previous expectations, warning […]