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
Jakarta, CNBC Indonesia – World crude oil prices closed higher on Friday (10/11/2023) after Iraq supported OPEC+ oil cuts. The price of WTI crude oil closed up 1.89% at US$77.17 per barrel, as did Brent crude oil which closed up 1.77% to US$81.43 per barrel. However, within a week oil prices were still corrected, the … Read more
International oil prices rebounded from a four-month low on Thursday (9th), escaping the haze of falling in the previous two days due to weak demand from Chinese consumers. However, this may not help the weekly decline this week. Energy Commodity Prices West Texas Intermediate (WTI) crude oil futures for December delivery rose 41 cents, or … Read more
Financial experts are convinced that the price of oil has fallen due to uncertainty in demand. Today, September 26, world oil prices have dropped significantly amid the announcement of important information about raw material reserves in America, reports Dialogue.UA with reference to data biddingcoming from various exchanges (ICE Futures, NYMEX, etc.). It recently became known … 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
After a long growth for five weeks in a row, “black gold” began to become cheaper. The beginning of a new working week in the oil market was marked by a turning point: the prices of reference grades of oil, after rising for 5 weeks, began to fall, reports Dialogue.UA. Thus, it became known that … Read more