Houston. Oil prices fell more than 3 percent on Thursday after the Financial Times reported that Saudi Arabia, the world’s largest exporter, will give up its $100 price target in preparation for raising production, along with members of OPEC and its allies in December. The European reference contract, Brent, fell $1.86 (2.53 percent) to $71.60 … Read more
New YorkOil prices held near 14-month lows on Thursday as concerns about demand in the United States and China and a likely rise in supplies from Libya offset a sharp draw in U.S. inventories and an announcement by OPEC+ of a delay in an increase in its output. The European benchmark Brent contract fell one … Read more
Oil prices sank about 5 percent on Tuesday to hit their lowest level in nearly nine months amid concerns about a gap between weak demand and supply that could rise, signs of a deal to resolve the conflict that has hit output in Libya and data showing demand is being dampened by slow economic growth … Read more
New York. Oil prices fell about 2 percent on Tuesday amid concerns that slower economic growth in the United States and China could reduce demand for energy, especially after prices climbed more than 7 percent over the previous three days. The European benchmark Brent crude oil fell $1.88 (2.31 percent) to $79.55 a barrel, while … Read more
The Mexican peso rose in opposition to a weakened greenback and had the second finest efficiency amongst its friends within the area. Nevertheless, the Mexican foreign money closed the primary half of the 12 months with a depreciation of seven.77 %, after having registered in latest months the most effective ranges in not less than … Read more
Houston. Oil rose multiple p.c on Tuesday on account of escalating tensions in Europe and the Center East, as wars in each areas proceed to pose a menace to world provides. Brent registered a rise of 1.08 {dollars} (1.3 p.c) to 85.33 {dollars} per barrel; the US West Texas Intermediate (WTI) added 1.24 {dollars} (1.5 … Read more