Oil prices closed lower on Friday, with US crude widening weekly losses to more than 2% after the United States said an agreement on Iran’s nuclear program was possible “in the coming days” if Iran show “seriousness”. In particular, the US government spoke of “substantial progress” in the Vienna talks aimed at surpassing the international […]
Tag: Brent
Oil: 2% drop amid reports of progress in Iran nuclear talks
Oil prices closed lower on Thursday as reports of progress in Iran’s nuclear talks boosted the possibility of more oil being released to the world market. “As Iran’s nuclear talks enter a final phase, we reiterate our view that if a new agreement is actually reached, the country’s exports are likely to increase by 500,000 […]
Brent will knock on the $100 door – TDS
The most recent flare-up of concerns over supplies from Russia has once again put prices on a trajectory towards $100/barrel.. TD Securities economists expect Brent oil to reach this level before moving lower towards the mid-$80 zone. Brent will move towards the mid-$80 zone in the latter part of 2022 “If there is an invasion […]
Crude sees 8-year record – 9.5% rise in gas prices
Oil prices rebounded on Wednesday as investors looked into conflicting statements about the possible withdrawal of some Russian troops from Ukraine amid tightening global supplies and a recovery in fuel demand. Brent crude was up $ 1.89, or 2 percent, at $ 95.18 a barrel, down 3.3 percent overnight after Russia announced a partial withdrawal […]
Crude ‘sees’ eight-year record – 9.5% rise in gas prices
Oil prices rebounded on Wednesday as investors looked into conflicting statements about the possible withdrawal of some Russian troops from Ukraine amid tightening global supplies and a recovery in fuel demand. Brent crude was up $ 1.89, or 2 percent, at $ 95.18 a barrel, down 3.3 percent overnight after Russia announced a partial withdrawal […]
RIS of Cyprus and Egypt fear that oil will reach $ 100 a barrel
Energy ministers from Egypt and Cyprus said Monday they were “deeply concerned” that oil prices could rise above $ 100 a barrel. These fears come at a time when more than a dozen countries have called on their citizens to leave Ukraine amid warnings of an impending Russian invasion. Brent crude futures jumped to a […]
Oil: 7-year highs widened – ‘Jump’ over 3% amid fears of Russian attack
New 7-year highs hit oil prices on Friday, rising more than 3% as fears of a Russian invasion of Ukraine that could happen “day by day” intensified, the national security adviser said earlier. of the White House Jake Sullivan. The market is very nervous as officials from Washington estimate that “the invasion can happen at […]
Nearly $ 90 oil: WTI gains after resumption of US-Iran talks
Crude futures traded lower on Wednesday, but US benchmark prices remained below their all-time highs. The resumption of indirect talks between the US and Iran may have “contributed to the recent weakening of prices”, but the countries remain “far from any agreement that could lead to a new supply increase”, said Michael Hewson, chief market […]
Oil: Broaden 7-Year Highs – $ 92 Crude Rally at $ 92 a Week
Significant gains in oil prices on Friday, with black gold extending 7-year highs as winter storms sweep the US, boosting demand for heating oil and while supply concerns remain with investors moving away from stocks. technology in favor of less volatile goods. “A move to $ 100 for crude should not be ruled out in […]
New seven-year high for oil – Over $ 92
Oil continues to rise, reaching a new seven-year high of over $ 92 a barrel and almost every indicator indicates that the rally will continue, according to Bloomberg. Oil is trading at its strongest level in recent years, suggesting reduced supply. Diesel is also being launched due to a cold snap that is hitting the […]
