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 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
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
Economic news 7:11 a.m. 2023-12-30 West Texas Crude Oil (WTI) futures in New York closed slightly lower on Friday (Dec. 29), the last trading day of 2023, and prices posted an annual decline for the first time since last year. 2020 amid concerns about oil demand trends This has overshadowed positives from supply disruptions and … 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
More than 100 container ships have changed their Red Sea route to the Cape of Good Hope at the southern tip of Africa to avoid attacks by the Houthi rebels off the coast of Yemen, but this has resulted in increased costs and shipping delays. There is. The United States is considering ways to respond … Read more