Houston. Oil prices rose on Thursday as investors grew concerned that a widening conflict in the Middle East could disrupt crude flows from the region. Brent crude oil futures LCOc1 rose $3.72 or 5.03 percent to $77.62 a barrel. US West Texas Intermediate CLc1 crude oil futures rose $3.61 or 5.15 percent to $73.71. Markets … Read more
London., Oil prices rose on Friday, posting gains of nearly 9 percent, the biggest weekly gains in more than a year, amid the growing threat of war across the Middle East region, although gains in the session were limited. , as US President Joe Biden discouraged Israel from attacking Iranian oil facilities. In this context, … Read more
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 York. Oil prices fell this Wednesday, as the announcement of an interest rate cut by the United States Federal Reserve (Fed) increased concern about the health of the world’s largest economy and investors downplayed a decline in the inventories that they attributed to the impact of short-lived weather conditions. In this context, the European … Read more
The precious metal continues to achieve more momentum after the highest gains recorded since the beginning of this year so far. Since the beginning of 2024, prices have jumped gold 30.3 percent to win an ounce About $625, as the price jumped from the level of $2062 at the end of last December’s trade to … Read more
Oil prices fell for the third day in a row today, Friday, and are headed for a decline this week. By 0036 GMT, Brent crude futures lost 57 cents, or 0.8 percent, to $71.03 a barrel, while U.S. West Texas Intermediate crude futures fell 58 cents, or 0.9 percent, to $67.09 a barrel. 2024-09-27 07:01:24 … 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 fell more than 2 percent to end with a sharp weekly loss after U.S. employment rose less than expected in August, as demand concerns outweighed a decision by OPEC+ producers to delay increasing supply. The European benchmark Brent crude oil fell by 1.63 dollars to 71.06 dollars, the American West Texas Intermediate (WTI) … 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