Tag Archives: brent

Oil prices moved in a narrow range during early Asian trading on Tuesday, after rising in the previous session, as oil markets focused on developments in the banking crisis, concerns about supply, and indications of increased demand. Brent crude futures fell two years to $ 78.10 a barrel at 0018 …

Oil production in the semi-autonomous Kurdistan Region of Iraq is under threat after the halt in exports from the northern region forced companies operating there to pump crude to storage facilities with limited capacity. Iraq was forced to stop about 450,000 barrels per day of crude exports from the Kurdistan …

Oil prices rose in early trade on Monday as concerns about turmoil in the banking sector eased. Brent crude futures rose 33 cents, or 0.4 percent, to $75.32 a barrel by 0040 GMT. The price of US West Texas Intermediate crude was $69.65 a barrel, up 39 cents, or 0.6 …

Financial markets witnessed a very volatile week as investors and traders tended to believe that officials’ efforts to calm banking turbulence would allay concerns that the 2008 financial crisis would recur. Recent central banker statements that sounded less hawkish are bolstering the cautious optimism. In particular, today’s light calendar and …

WTI crude oil, which had fallen by 3% in earlier trading, reduced its losses by 2% to end at $69.215 per barrel, returning to levels that are not much higher than they were almost two years ago. To end the day at slightly under $75 a barrel, Brent crude fell …

Oil prices fell on Thursday, following three sessions of gains, after Federal Reserve Chairman Jerome Powell renewed his commitment to curbing inflation, including possibly raising interest rates again. And by 0009 GMT, Brent crude futures fell 80 cents, or 1 percent, to $ 75.89 a barrel, and West Texas Intermediate …

Oil fell in early Asian trading on Wednesday, trimming its gains for two consecutive days after a report showed US crude inventories rose unexpectedly last week in a sign of possible weak demand for fuel. Brent crude futures fell 48 cents, or 0.6 percent, to $74.84 a barrel at 0203 …

While the rescue of Credit Suisse allayed concerns about threats to the global banking sector that may hinder economic development and fuel demand, oil prices increased on Tuesday, continuing their rebound from a 15-month low recorded the previous day. In the aftermath of UBS’ acquisition of Credit Suisse and after …

On Monday, oil prices fell to a 15-month low amid fears that turmoil in the global banking sector could lead to a recession that would dampen demand for oil, as well as fears of a possible hike in interest rates in the United States this week. Brent crude futures for …

WTI crude oil modestly bounced after posting a fresh 2023 low of $65.22 a barrel. West Texas Intermediate fell to $65.22 per barrel on Friday, its lowest since November 2022. It currently trades at around $67.30 a barrel, breaking lower amid financial turmoil weighing on the market mood. At the …