Oil prices closed lower on Friday, but remained in contact with the three-month high as fears of new coronavirus restrictions in Shanghai offset steady demand for fuel in the US, which is the largest consumer. Oil plunged into negative territory following the Wall Street slump following the announcement of data showing that consumer prices in […]
Tag: Brent
Oil: Strong earnings over 3% per week – Gasoline is at a record high
Oil prices closed higher on Friday as markets looked skeptical about whether the extra output decided by OPEC + on Thursday could offset supply from Russia and meet growing demand from China. by relaxing the restrictions on coronavirus. At the same time, President Joe Biden said on Friday that he did not “immediately plan” (within […]
Crude gains in the wake of the decision on European sanctions on Russian oil
Crude futures gains in Wednesday’s session, following the European Union’s decision to impose some sanctions on Russian oil and a few hours after China ended its two-month quarantine in Shanghai. World-class British crude Brent crude was up 1.3% at $ 117.15 a barrel. For their part, the futures of the American crude type WTI gained […]
Oil: Rally 6% per brent per week, at + 1.5% US crude
Oil prices closed higher on Friday, supported by the prospect of a European embargo on Russian oil and the upcoming US summer travel season. “The momentum for oil is steadily rising, while many factors are talking about a narrower market, especially if an embargo is imposed on Russian oil,” said the general manager of SPI […]
Oil: At a high of over 2 months with strong earnings per week
Oil prices continued to gain on Friday, with US crude closing at 11-week highs and Brent at about two-month highs, with prices finding support for a European embargo on Russian oil and the upcoming US summer travel season. “The momentum for oil is steadily rising, while many factors are talking about a narrower market, especially […]
Brent oil will sink towards $95 by the end of the year – Commerzbank
Oil prices have calmed down after the sharp rise at the start of the war in Ukraine. The Commerzbank strategists expect the price of Brent oil to fall to $95 a barrel by the end of the year. Brent oil will fluctuate between 100 and 115 dollars in the current quarter “We expect the price […]
Oil: Gains amid supply concerns – WTI ‘jump’ 2.5% weekly
Oil prices closed with small gains on Friday, after deleting the intra-conference losses, however, the upward momentum was limited by the heavy losses of Wall on Friday. Oil prices have found support in the climate of concern caused by the narrow range of supply in the oil market. Thus, the crude type West Texas Intermediate […]
Oil: Positive sign for the week, with a rally around 4% – Record for gasoline futures
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 […]
‘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 […]
