Tag Archives: Fears

Oil prices jumped more than $1 a barrel on Monday, extending gains as investors awaited possible moves by OPEC+ producers to adjust production and support prices at a meeting later on Monday. Brent crude futures rose $1.43, or 1.5 percent, to $94.45 a barrel by 0054 GMT, after rising 0.7 …

Oil prices rose on Friday, thanks to expectations that the OPEC + cartel will discuss production cuts at a meeting on the fifth of September, but concerns about restrictions to combat Covid-19 in China and the weakness of the global economy continued to limit the gains. By 1140 GMT, Brent …

Oil prices continued declining in Thursday’s trading, with the rise of the dollar and increasing concerns about demand, in addition to the reduction of the joint technical committee of OPEC + its forecast for the excess oil supply during this year. In China, closures will be imposed in the city …

Oil prices continued their decline on Wednesday as investors worried about the weakness of the global economy and the possibility that central banks will raise interest rates and increase restrictions to curb the outbreak of COVID-19 in China. US West Texas Intermediate crude contracts fell $2.58, or 2.82 percent, to …