TAG: high crude oil prices
Oil prices rise as OPEC raises 2023 demand projection, countering investor concerns; Brent at $82.85/bbl
On Tuesday, November 14, oil prices gradually increased as a result of worries that supply may be i...
8 months ago
Oil trades near one-month low over demand concerns despite Iran-Israel war; Brent at $89/bbl
Oil prices slipped more than $1 on Wednesday, April 17, as US commercial inventories rose, while weaker economic data from China and dampened prospects of interest rate cuts stoked worries about the global demand. Analysts do not expect Iran's unpreceden...
5 months ago
Oil recovers from 3-week low after US imposes sanctions on Venezuela, Iran; Brent at $87/bbl
Oil prices were broadly steady on Thursday, April 18, as investors weighed US sanctions on Venezuela and Iran, and robust US jobs data against the wider backdrop of demand concerns and easing Middle East tensions that had pushed prices three per cent low...
5 months ago
Oil settles higher on Middle East supply woes, US inflation data limits gains; Brent at $89/bbl
Crude oil prices settled higher in the previous session, garnering support from tensions in the Middle East, but a stronger US dollar and US inflation data faded hopes that the US Federal Reserve would cut interest rates soon, limiting gains in crude pri...
5 months ago
Oil extends losses on easing Middle East tensions, slower US biz activity; Brent steady at $88/bbl
Oil prices were moderately lower on Wednesday, April 24, as worries over conflict in the Middle East eased and business activity in the world's largest oil consumer slowed down, however, a fall in US crude oil inventories put a floor on the losses. Oil p...
5 months ago
Oil rises $1 as US dollar slips to one-week low, investors shift focus to global economy; Brent at $88/bbl
Oil prices rose a dollar a barrel on Tuesday, April 23, as the US dollar index fell to its lowest in over a week and as oil investors shifted focus away from the ongoing geopolitical issues in the Middle East to the state of global economies. The US doll...
5 months ago
Brent may hit $95/bbl in near-term, Q2FY25 target price raised by $5/bbl on geopolitical risk premium: ICICI Bank
Global crude oil prices continued to rise by two per cent over the last month responding an increase in geo-political tensions, even as physical markets turned less tight. Brent crude prices had breached the $90/barrel mark during the period in a respons...
5 months ago
Oil falls 1% on higher US crude output, Israel-Hamas ceasefire talks; Brent dips to $87/bbl
Oil prices extended losses and fell one per cent on Tuesday, April 30, on the back of rising US crude production, as well as discussions of an Israel-Hamas ceasefire. However, Israeli Prime Minister Benjamin Netanyahu today vowed to go ahead with a long-...
5 months ago
Brent, WTI shed 6% as oil heads for steepest weekly drop in 3 months: What's cooling down the commodity?
Oil prices extended losses on Friday, May 3, 2024 and stayed on course for the steepest weekly loss in three months, as investors weighed lower-than-expected US jobs data and the timing of interest rate cuts by the US Federal Reserve. Brent crude futur...
5 months ago