Tag: brent

May 11
Oil prices rise 3%, and Brent crude is above $104

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 […]

Apr 29
Oil prices rise 1%.. Brent crude is near $ 109

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 […]

Apr 21
Oil prices rise 1.5% , Brent crude above 108 dollars

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 […]

Apr 19
Oil prices fall 4%, and Brent crude is less than 109 dollars

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 […]

Apr 11
Oil prices are down 2%, and Brent crude is near $ 100

Oil prices fell about 2% during trading on Monday, amid the market’s anticipation of the liberation of the strategic oil reserves announced by the member states of the International Energy Agency, with the continued closures in China due to the Corona virus. Oil prices ended their trading on Friday with a rise of more than […]

Apr 07
Oil prices rise in volatile transactions, and Brent crude is above $103

Today, Thursday, oil prices returned to rise again, to compensate for some of the losses they incurred during trading on Wednesday, when they fell to their lowest level in 3 weeks. Oil prices started trading on the rise today, but later fell, and then rebounded in volatile trading, as fears of shortage of supplies dominated […]

Apr 01
Oil prices fall 5%, and Brent crude is below $ 106

Oil prices fell by about 5% during trading today, Thursday, after news that the United States intends to free up to 180 million barrels of its strategic oil reserves, which is the largest in the history of the strategic oil reserves of nearly 50 years. The significant decline in oil prices comes at a time […]

Mar 21
Brent crude oil Wave Analysis – 21 March, 2022

• Brent crude oil reversed from key support level 95.00• Likely to rise to resistance level 115.00 Brent crude oil recently reversed up with the daily Morning Star from the key support level 95.00 intersecting with the support trendline from December and the 61.8% Fibonacci correction of the sharp upward impulse from December . The […]

Mar 08
Oil prices rise more than 4%, and Brent crude exceeds $129

Oil prices raised their gains by more than 4% in Tuesday’s trading, with Brent crude rising above $129, amid fears of official sanctions on Russian oil and fuel exports, raising concerns about the availability of supplies. On Monday, oil prices ended more than 4% higher, trimming their gains after touching the highest level since July […]

Mar 04
Oil prices rise 5%.. Brent crude is above $115

Oil Prices Rise 5%.. Brent Crude Is Above $115 Oil prices consolidated their gains by about 5% during trading on Friday, with Brent crude rising above $115, amid fears of Western sanctions that could hamper Russian oil exports, outweighing the possibility of an increase in Iranian supplies. Global stocks fell, and oil prices rose amid […]