Oil prices were little changed in early Asian trading on Monday, after falling $2 a barrel at the close on Friday, as rising supplies in the United States and expectations of higher interest rates dampened optimism about a recovery in demand in China. Brent crude fell nine cents, or 0.1 …
Read More »Oil is falling while interest rate concerns cast a shadow over the demand outlook
Oil prices fell on Friday, heading for weekly losses, as strong US economic data raised concerns about the Federal Reserve continuing its monetary tightening policy to curb inflation, which could affect fuel demand even as crude inventories grow. By 0105 GMT, Brent crude futures fell 49 cents, or 0.6 percent, …
Read More »Oil is falling after a significant increase in US crude inventories
Oil prices fell on Thursday after a large build in US crude inventories, but continued to move in a narrow range as hopes for a recovery in demand from China remained in focus. And by 1042 GMT, Brent crude futures fell 36 cents, or 0.42 percent, to $ 85.02 a …
Read More »Oil rises amid optimism about the growth in demand for fuel in China
Oil prices rose on Thursday as hopes for a strong recovery in fuel demand in China, the world’s largest oil consumer, offset losses from a stronger dollar and a large build in US crude inventories. And by 0725 GMT, Brent crude futures rose 59 cents, or 0.7 percent, to $ …
Read More »Oil falls after data indicated a jump in US crude stocks
Oil prices fell in early Asian trade on Wednesday, after falling more than $1 a barrel in the previous session, as industry data pointed to a much larger-than-expected build in US crude inventories. Brent crude futures fell 20 cents to $85.38 a barrel by 0111 GMT, while US West Texas …
Read More »Noor Capital | Interview with Mohammed Hashad on Dubai TV – Feb 13, 2023
Interviewed on Dubai TV on Monday, Mohammed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented on the most important developments in the global financial markets on the first day of trading week, and most notably: The impact of …
Read More »Oil prices fell amid demand concerns
Oil prices fell on Monday after rising 2% in the regular session with shareholders regarding the impact of supply on the rise and rise again. Production prices rose in March by 500,000 barrels per day, or about five percent of production, production, production, production Brent crude futures were up 69 …
Read More »Crude oil rises over 2% on Russian plan to cut output
Oil prices rose more than 2% on Friday and posted weekly gains of over 8%, as Russia announced plans to reduce oil production next month after the West imposed price caps on the country’s crude and fuel.Brent crude futures rose to settle at $1.89, or 2.2%, to $86.39 a barrel. …
Read More »USD/CAD surges on stronger US Dollar
The latest interest rate hike decided by the Fed was a shock for the USD/CAD on Wednesday, dragging the pair to fresh year-to-day lows. Falling oil prices and solid US labour market data underpinned the pair. As expected, USD/CAD traders are eyeing Friday’s US Nonfarm Payrolls data alongside ISM Non-Manufacturing …
Read More »Noor Capital | Interview with Mohammed Hashad on Dubai TV – January 30, 2023
Interviewed on Dubai TV on Monday, Mohammed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented on the most important developments in the global financial markets on the first day of trading week, and most notably: oil Oil is …
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