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US crude jumps 3% in the week – Brent hits $100 again

Oil prices ended Friday's session with gains, extending their upward trend for the week. The prospect of OPEC+ cutting output outweighed worries about a recessionary economy and fears of a drop in oil demand, although the latter...

Oil: With gains for the third day in a row, it collected weekly losses to 1.5%

Oil prices erased intra-session losses of as much as -2%, closing in positive territory for a third consecutive day and capping their losses for the week. In particular, the slow type West Texas Intermediate added on Friday...

Oil rallies to $100 as US gas consumption rises

With a strong rise reaching 4%, oil prices are moving against the background of the increased consumption shown by the figures in the USA, while the c.g. of OPEC says risks to global demand are...

Oil closed strongly higher (+3%), boosted by increased gasoline consumption in the US

LAST UPDATE: 22.32 International oil prices closed with a strong rise of around 3% on Thursday, against the background of the increased consumption shown by the data in the USA, while the g.y. of OPEC says...

Oil: Daily losses trimmed gains by around 3.8% for the week

Oil prices lost ground on Friday after reports that the supply disruption in the Gulf of Mexico was short-lived. However, on a weekly basis, WTI and Brent maintained significant gains as fears of a possible...

Oil slumps around 9% in the week

Oil prices rebounded slightly on Friday, ending a week of heavy losses for the "black gold", after a surprisingly strong picture of the US labor market failed to ease fears of a global economic slowdown. Crude...