Crude Oil

WTI Oil Prices Fall Near $82 as Israel-Iran Conflict Escalates: Easter Deadline Looms

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WTI Oil Prices Fall Near as Israel-Iran Conflict Escalates: Easter Deadline Looms

WTI oil prices fell to near the $82 level as investors did not expect the conflict betweenIsraelandIranspread inwarin the area From 10:21pm Thai time, pricecrude oilwest texas (WTI) Delivered in May minus $0.52 or 0.63% to $82.14/barrel. cabinetwarfromIsraelA meeting will be held today to discuss countermeasures.Iran While the United States and Western countries askedIsraelavoid attackIran … Read more

Stock Market Update: Asian Stocks Fluctuate Amid Pressure from Crude Oil Prices and Economic Uncertainty

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Mr.Asian stock marketwhich moves both in positive and negative range with pressure from pricescrude oilA drop above $2 could cause selling pressure. PTTEP There was a lot of speculation yesterday. Meanwhile, TISCO Financial Group Public Company Limited (TISCO) reported 1Q2024 results, contracted profit of 3.3% YoY, and revealed that the outlook for the rest of … Read more

Global Oil Prices Gain Momentum Amid Geopolitical Tensions: Brent Crude Up 2.5%

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Global Oil Prices Gain Momentum Amid Geopolitical Tensions: Brent Crude Up 2.5%

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

Rising Cost of Renminbi-Denominated Financing in Russia Pushes Companies to Make Difficult Choices

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Rising Cost of Renminbi-Denominated Financing in Russia Pushes Companies to Make Difficult Choices

The cost of renminbi-denominated financing is rising in Russia, and the yuan’s liquidity is drying up. Access to foreign currency has become more difficult for Russian companies, which face much higher domestic interest rates and face a spate of debt maturities this year. Two years after the invasion of Ukraine, Russia’s major energy and mining … Read more

Weekly Gains in Global Oil Markets: Factors Behind the Rise in Oil Prices

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Weekly Gains in Global Oil Markets: Factors Behind the Rise in Oil Prices

The Organization of Arab Petroleum Exporting Countries, OAPEC, published weekly developments in global oil markets, as crude oil prices achieved weekly gains in futures markets, amounting to about 2.4% for Brent crude and 4.5% for US West Texas Intermediate crude. The report stated that the main factors that contributed to the rise in oil prices … Read more

Oil Prices Decrease in Early Transactions Amid Caution from Federal Reserve Officials

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Oil Prices Decrease in Early Transactions Amid Caution from Federal Reserve Officials

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

Record U.S. Stock Rally Threatened by Geopolitical Instability in the Middle East

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Record U.S. Stock Rally Threatened by Geopolitical Instability in the Middle East

Investors and companies are becoming increasingly wary of the war in the Middle East, which poses a major risk to corporate performance. Sales have fallen due to widespread boycotts in Islamic countries, and attacks on cargo ships in the Red Sea have threatened supply chains. Those headwinds pose a risk to the record rally in … Read more

Oil Prices Vary as Investors Weigh Slowdown in Demand and Weak US Retail Sales Data

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Global Oil Prices Gain Momentum Amid Geopolitical Tensions: Brent Crude Up 2.5%

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 Fall in Early Asian Trading as Crude Inventories Increase

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Oil Prices Fall in Early Asian Trading as Crude Inventories Increase

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

New US Sanctions on Russian Oil and Diamond Sectors and Potential Nationalization of Rosneft Deutschland: Latest Updates

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Global Oil Prices Gain Momentum Amid Geopolitical Tensions: Brent Crude Up 2.5%

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