Oil prices achieved weekly gains in global markets, with Brent crude, the international benchmark, recording about 2.5% and 2.5% for US West Texas Intermediate crude. Oil prices rose significantly in the last sessions of March, Thursday, in light of the continuing geopolitical tensions in the world. Upon settlement on Thursday, US crude futures contracts rose … Read more
Oil prices recorded $82.19 per barrel for Brent crude futures, and US West Texas Intermediate crude futures recorded $76.84 per barrel upon settlement on Friday, as prices achieved weekly gains of about 6%. The United States announced the imposition of new sanctions on entities related to the Russian oil and diamond sectors, according to Cairo … Read more
Written by – Marwa Al-Ghoul Thursday, February 1, 2024 02:00 PM Oil prices rose today, supported by the Federal Reserve’s hints about a possible start of interest rate cuts at a time when China unveiled new support measures for the faltering real estate market. Brent crude futures rose 43 cents, or 0.5%, to reach $80.98 … Read more
Written by – Marwa Al-Ghoul Wednesday, January 3, 2024 02:00 PM Recorded Oil prices today Wednesday, $76.11 per barrel for Brent crude futures, the US West Texas Intermediate crude futures recorded $70.64 per barrel, and prices witnessed a slight rise in early Asian trading. The European Investment Bank has allocated 400 million euros to support … Read more
Oil prices recorded $77.04 per barrel for Brent crude futures, and US West Texas Intermediate crude futures recorded $71.65 per barrel upon settlement on Friday, as oil futures contracts fell more than 10% on the last trading day in 2023. Oil prices are heading to end 2023 with a decline of about 10%, recording the … Read more
Written by: Marwa Al-Ghoul Saturday, December 9, 2023 02:00 PM registered Oil prices $75.84 per barrel for Brent crude futures contracts, and US West Texas Intermediate crude futures contracts recorded $71.23 per barrel upon settlement on Friday, as prices rose by about 3%, but recorded losses on a weekly basis for the seventh week in … Read more
Written by: Marwa Al-Ghoul Wednesday, November 22, 2023 02:00 PM registered Oil prices Today, Wednesday, Brent crude futures reached $82.23 per barrel, and US West Texas Intermediate crude futures reached $77.91 per barrel. Europe faces the winter of 2023-2024 with renewed confidence in its ability to ensure energy security, despite growing concerns arising from the … Read more
Written by – Marwa Al-Ghoul Sunday, November 19, 2023 02:00 PM Oil prices in global markets recorded weekly losses for the fourth week in a row, as Brent, the global benchmark, declined by about 1%, and US West Texas Intermediate (US) crude fell by about 1.6%. Oil prices recorded $80.61 per barrel for Brent crude … Read more
Written by – Marwa Al-Ghoul Monday, September 25, 2023 02:00 PM Recorded Oil prices Today, Monday, Brent crude futures reached $93.27 per barrel, and US West Texas Intermediate crude futures recorded $90.03 per barrel, as prices witnessed a slight rise today. Oil prices in global markets recorded weekly losses for the first time in a … Read more
Analysts at ANZ said in a note that the growth in global oil demand is heading towards recording 2.1 million barrels per day, which is consistent with the expectations of the International Energy Agency and the Organization of the Petroleum Exporting Countries (OPEC). Traders are awaiting monetary policy decisions by central banks, including the Federal … Read more