Written by – Marwa Al-Ghoul Saturday, January 6, 2024 02:08 PM Recorded Oil prices $78.76 per barrel for Brent crude futures, and US West Texas Intermediate crude futures recorded $78.81 per barrel upon settlement on Friday, as prices achieved weekly gains. US Treasury Secretary Janet Yellen said that we do not see any tangible impact … Read more
Affected by the imbalance between crude oil supply and demand, investors have become increasingly less confident in OPEC+’s ability to balance the market. In 2023, oil prices fell for the first time since 2020. And this decline has not ended at the beginning of 2024. According to the latest data, Brent crude oil fell below … Read more
Supported by higher U.S. bond yields,dollar indexUp on the first trading day of 2024. Meanwhile, investors are awaiting the latest U.S. employment data and European inflation data for clues about central bank policy. In late New York trading on Tuesday (2nd), ICE tracked the U.S. dollar against six major currencies. dollar index (DXY) rose about … 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
Hundreds of merchant ships in the Red Sea were diverted to Taiwan, and the Three Containers followed up on global trade. Why is there a crisis again? | CNA NEWS The Yemeni rebel “Youth Movement” has recently frequently attacked cargo ships and oil tankers in the Red Sea, causing multinational shipping companies and Taiwan’s container … 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
WTI oil prices closed Wednesday (20 Dec.) up. It is driven by concerns that the supply of oil in the world market will be disrupted. Amid tensions in the Middle East after the Houthi rebellion West Texas Crude Oil Contract (WTI) for delivery in February. which was traded on the Nymex exchange, rose 78 cents … Read more
International oil prices closed in the red on Monday (11th), breaking away from weekly declines so far in 2018. Natural gas fell, reflecting an unusually warm climate that is weighing on heating demand. energy commodity prices West Texas Intermediate crude oil futures for January delivery rose 9 cents, or 0.1%, to settle at $71.32 a … Read more
Editor’s Picks, Economic News6:54 a.m.2023-12-12 West Texas Crude Oil (WTI) contract on the New York market closed slightly positive on Monday (Dec. 11), with market trading conditions being sluggish. This comes amid concerns that crude oil supply may be in oversupply and fuel demand may slow next year. The WTI crude oil contract will be … Read more
Editor’s Picks, Economic News6:42 a.m.2023-12-08 West Texas Crude Oil (WTI) futures in New York closed lower on Thursday (Dec. 7) as investors worried about slowing energy demand in the United States and China. Including oil production in the United States, which has surged to near record highs. The WTI crude oil contract will be delivered … Read more