Oil prices closed with significant gains on Thursday, with US crude climbing above $ 90 a barrel for the first time in more than 7 years, amid concerns about oil production. Undoubtedly, winter storms in parts of the United States will affect oil production, said analyst Phil Flynn. Cold weather can hit oil production and […]
Tag: Brent
OPEC +: Unlikely to accelerate oil production, sources say
The OPEC + alliance is likely to stick to plans for a modest increase in its oil production target at its meeting today, according to alliance sources who spoke to Reuters, despite pressure from top consumers for more supply after rising crude prices. at a seven-year high. OPEC +, which produces more than 40% of […]
Earnings over 2% oil with a look at Kazakhstan
Oil prices closed with gains on Thursday, continuing the good start of “black gold” entering 2022, while traders are following the developments in Kazakhstan and the oil production cuts in Libya. Dozens of people were killed in Kazakhstan on Thursday as security forces responded to protests across the country over rising fuel prices. The Collective […]
The biggest rally of 12 years for oil – Profits over 50% in 2021
The biggest annual gains of the last 12 years were recorded by the oil prices in 2021, in an impressive rally fueled by the recovery of the world economy after the recession of 2020 due to the coronavirus pandemic. In particular, the Brent completes the 2021 with total gains 51%, while the american crude with […]
A Breath of $ 77 US Crude – At 5-Week High Brent
Oil prices ended the week with gains, with US crude making 7×7 in its biggest profitable series since the eight-day rally that ended on February 10, 2021, according to FactSet. At the end of the year, the oil market finds momentum on the one hand by easing concerns about the impact of the Omicron mutation […]
At 5 week high oil prices
Oil prices closed with gains on Wednesday, in the wake of data showing a sharp decline in US crude reserves, indicating stronger demand for energy. At the same time, traders appear cautiously optimistic, as preliminary studies show that the Omicron mutation causes milder symptoms than previous strains of the virus and eliminates the possibility of […]
Significant oil gains – US crude recovers $ 75 / barrel
A reversal in today’s session with oil prices offsetting initial losses and closing with gains, as investors appeared willing to buy assets considered “risky”, despite concerns about the spread of the Omicron mutation. US crude was under pressure at the start of the session, as disruptions to the global flight program continued today, raising concerns […]
‘Dive’ over 3.5% for oil prices
LAST UPDATE: 15.30 Oil prices plunged on Monday after a week of losses, with fears of a possible drop in crude demand amid a rapid spread of the Omicron mutation leading to new restrictive measures in many countries. Many U.S. companies have canceled their planned festivities and are urging their employees to return to teleworking, […]
Rally over 7.5% for oil per week
Oil prices closed with gains on Friday, widening the “black gold” rally in the week, leading it to the biggest rise on a 5-day basis since the end of August. Oil is on a strong uptrend as concerns about the impact of the new Omicron mutation on economic activity and energy demand are easing, but […]
Oil: Returned from two-week highs with losses of 2%
Oil price gains break, which fell on Thursday after a three-day uptrend, falling from a two-week high yesterday. “Uncertainty about the Omicron mutation and concerns about declining demand for crude oil have disrupted the ‘black gold’ rally,” said Edward Moya, an Oanda analyst. with Pfizer and BioNTech announcing the results of a week-long study showing […]
