Oil reacted on Friday with a rise that moved around 4% and with which it managed to win the positive sign in a week that all indicated that it would be the first fall in the last four. Gasoline futures closed at record levels. In particular, Brent’s July delivery contract added 3.8% the 4.10 dollars […]
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‘Jump’ around 5% for oil with push from European embargo to Russian crude
Oil prices ‘jump’ Wednesday after finding support for European Union plan to gradually stop importing Russian oil and refined products, as announced by the head of the Commission Ursula von der Leyen. “We will gradually phase out the supply of Russian crude oil within six months and refined products by the end of the year,” […]
Interruption in the 3-day series of gains for oil – ‘Jump’ 4.4% for the WTI in April
A mixed picture of oil prices, with US crude interrupting a three-day earnings streak on Friday. However, on a weekly and monthly basis, it closed in positive territory, as fears about supplies from Russia outweighed the impact on demand from lockdowns in China. “Oil has started to rise” as the likelihood of a European embargo […]
To ‘dive’ over 4% per week oil
Oil fell on Friday, widening its weekly losses as prices fell in the shadow of the prospect of weaker economic recovery, rising interest rates from the Federal Reserve and lockdowns in China due to coronavirus affecting demand, although the European Union considers banning imports of russian oil move that will further reduce supply. The International […]
Oil: Dropped more than 11% in the biggest weekly drop in 2 years
Oil prices fell on Friday, with US crude slipping 12.8% on the week, the worst five-day period since the end of April 2020, according to the Dow Jones Market Data. In particular, on Thursday, Joe Biden announced the release of 1 million barrels per day from the US for six months, starting in May, in […]
Oil: ‘Dive’ over 4% per week
Oil prices closed higher on Friday, after a session of strong volatility, but on a weekly basis, US crude fell more than 4%. “This week’s volatility is due to confusion about what to do with Russian oil exports,” said Manish Raj, chief financial officer of Velandera Energy Partners. He noted that all eyes are on […]
US stocks and Moscow-Kiev talks brought crude losses
Crude futures fell on Wednesday in another volatile session as traders reacted to the expected progress in Russia-Ukraine peace talks and the astonishing rise in US stocks. The oil market has been on a train of terror for more than two weeks, with a wide range of fluctuations every day. Crude traded below $ 100 […]
IEA: Fears of ‘shock’ in global oil supply due to sanctions on Russia
The International Energy Agency (IEA) today voiced fears of a “shock” to global oil supplies following sanctions imposed on Russia following its invasion of Ukraine, revising its 2022 demand forecast. “The prospect of large-scale disruption of Russian production threatens to cause a global shock to oil supply,” the agency, which advises developed countries on their […]
Oil: Save up to 5% on weekly losses by ‘jumping’ over 3%
Oil prices closed higher on Friday, narrowing weekly losses as traders weighed their concerns on global energy supplies in the face of another US move to step up pressure on Russia to halt its attack on Ukraine. In particular, US President Joe Biden on Friday called on the United States to lift the trade regime […]
Oil: Gather around 5% weekly losses by ‘jumping’ over 3%
Oil prices closed higher on Friday, narrowing weekly losses as traders weighed their concerns on global energy supplies in the face of another US move to step up pressure on Russia to halt its attack on Ukraine. In particular, US President Joe Biden on Friday called on the United States to lift the trade regime […]