Tag Archives: crude oil prices

Oil prices recovered some ground on Thursday, rising from the previous session’s 15-month lows, as markets settled considerably after Swiss authorities threw Credit Suisse a financial lifeline. But, market mood remained weak, damaged by concerns about mounting stress on banks throughout the world, and both major crude benchmarks gave up …

Oil extended its losses on Wednesday, with Brent crude hitting a three-month low as concerns about Credit Suisse raised concerns in global markets, limiting the positive impact of expectations of a recovery in Chinese oil demand. Indications of a return to calm and stability faded after the National Bank of …

Oil prices fell by more than a dollar on Tuesday, extending losses for the second session, as the collapse of the Silicon Valley bank shocked stock markets and raised fears of a new financial crisis. Brent crude futures fell 87 cents, or 1.1 percent, to $79.90 a barrel by 0345 …

Oil prices fell on Monday, as did stocks, as the collapse of the Silicon Valley bank raised fears of a new financial crisis, but the recovery in Chinese demand provided some support. By 1001 GMT, Brent crude futures fell $1.44, or 1.7 percent, to $81.34 a barrel. US West Texas …

Oil prices rose on Monday after a weak start as recovering Chinese demand and a weaker dollar supported a market wary of further hikes in US interest rates. By 0410 GMT, Brent crude futures rose 19 cents to $82.97 a barrel. West Texas Intermediate crude futures rose 20 cents, or …

Oil fell for the fourth session on Friday, heading to record its largest weekly loss in five weeks, due to fears of further US interest rate hikes, which would hurt fuel demand. By 0852 GMT, Brent crude futures were down 41 cents, or 0.5 percent, at $81.18 a barrel. West …

Oil fell for the third day in a row on Thursday, as concerns about the economic repercussions of higher interest rates offset the impact of an unexpected drop in US crude inventories and hopes for a recovery in Chinese demand. Federal Reserve Chairman Jerome Powell’s comments this week about the …

Oil prices were steady in early Asian trading on Wednesday, as industry data showed a drawdown in US crude inventories after the market fell in the previous session on fears that further sharp increases in US interest rates could hurt demand. Brent crude futures for April were up 8 cents …

Oil prices fell on Tuesday after a stronger dollar and weak oil data in China turned the market around after five days of gains. Brent crude futures fell 41 cents, or 0.48 percent, to $85.77 a barrel by 1250 GMT. US West Texas Intermediate crude fell 40 cents, or 0.5 …

Oil prices rose slightly in weak Asian trade on Thursday, ending six days of losses fueled by growing concerns that higher interest rates by central banks could squeeze economic growth and boost fuel demand. And by 0110 GMT, Brent crude futures rose two to $ 80.62 a barrel. West Texas …