Written by Marwa Al-Ghoul Monday, February 19, 2024 02:00 PM It decreased Oil prices In early transactions today, as markets absorbed comments from Federal Reserve officials indicating caution before a possible rate cut, while transactions were weak on a public holiday in the United States. Brent crude futures fell 58 cents, or 0.69%, to record … Read more
Oil prices varied today as investors evaluated expectations of a slowdown in demand and weak US retail sales data revived hopes for a cut in US interest rates. Brent crude futures fell 11 cents, equivalent to 0.1%, to $82.75 per barrel, while US West Texas Intermediate crude futures rose one cent to $78.04 per barrel, … Read more
Oil prices fell in early Asian trading today, after the American Petroleum Institute announced that crude inventories increased more than expected last week, and investors’ expectations for the US Central Bank to reduce interest rates declined. The decline in Brent crude futures reached 29 cents, equivalent to 0.4%, to reach $82.48, while US West Texas … Read more
Jakarta – World oil prices rose 2% in trading last Tuesday, this was the highest increase in a month. The main factor triggering the increase in world oil prices was the heated situation in the Red Sea after the Houthi group in Yemen attacked several commercial ships. Reporting from Reuters, Wednesday (27/12/2023), the price of … Read more
/nginx/o/2021/02/12/13625887t1h0f04.jpg "US Energy Information Administration and Goldman Sachs Lower Oil Price Forecast for 2024")
In mid-December, the US Energy Information Administration reduced the price of “Brent” brand crude oil in the North Sea, as well as the bank “Goldman Sachs” significantly reduced the oil price forecast for 2024. Only a month ago, the agency predicted that a barrel of oil would cost an average of 93 dollars next year. … Read more
Jakarta, CNBC Indonesia – World crude oil prices closed lower or fell in trading last Friday because tensions in the Red Sea offset the possibility of an increase in Angola’s production in the future. In trading Friday (22/12/2023), the price of WTI crude oil closed down 0.45% at US$73.56 per barrel, likewise the price of … Read more
The price of Brent crude fell below $79 a barrel after Angola, one of the world’s largest oil producers, announced it was leaving the Organization of Petroleum Exporting Countries (OPEC). This is evidenced by data from the London ICE exchange, Tengrinews.kz reports with reference to Lenta.Ru. At the lowest point, quotes dropped to $78.7. At … Read more
The price of oil stabilized after a two-day swing as investors looked forward to the OPEC+ meeting on production that will shape market balances until 2024. Brent crude settled near $81 a barrel after rising more than 4% on Friday following a decline of the same percentage the previous day. West Texas Intermediate crude oil … Read more
The decline in oil prices occurred against the backdrop of growing reserves of this type of raw material in America. On Thursday, November 16, oil prices for standard grades of oil continued to fall on the world market. Experts named the main reason for this situation on the market as information about an increase in … Read more
The two crude oils fell below the 100-day average price of $86.61 per barrel for West Texas Intermediate crude and $82.31 per barrel for Brent crude. Prices rose by about two percent on Friday, after Iraq expressed its support for the production cuts implemented by the OPEC+ group, but they fell by nearly four percent … Read more