Tag Archives: Libyan oil

Oil prices rose slightly on Friday as investors weighed concerns over supply disruptions in Libya and Iraq, though signs of weakened demand, particularly from China, capped the gains. Price Movements Brent Crude: October futures increased by 39 cents, or 0.5%, to $80.33 a barrel. The November contract, more actively traded, …

Despite the potential for significant disruptions in Libyan oil supplies and heightened tensions in the Middle East, oil prices have remained relatively stable. Traders have largely discounted the threat of supply shortages, focusing instead on factors such as weak demand from China, the risk of a broader economic slowdown, and …

US crude oil prices stabilized below $95 per barrel for the first time since April in choppy trading circumstances on Friday after the European Union announced it would allow Russian companies to ship oil to third countries under an adjustment of sanctions agreed by member states this week. Under the …

WTI pares the biggest daily loss in one week ahead of the key activity data for July. Restoration of Nord Stream 1 gas pipeline drowned oil prices despite positive risk appetite and the softer US dollar. Libya’s resumption of oil production, ECB rate hikes and fears of a recession in …

The US crude oil extends its gains to two consecutive days, though it faces solid resistance at the 50-EMA, around $110.33.Western Texas Intermediate records a solid bounce after testing the 100-EMA on the downside near $105.88 a barrel near the daily low and got bolstered late, as OPEC+ has cut …

https://www.youtube.com/watch?v=46lVs1tbZiA&feature=emb_titleSpeaking to Dubai TV, Director of Research and Development at Noor Capital and member of the American Association of Professional Technical Analysts, commented on the most important developments in the financial markets during the first week of the new year 2022.Hashad commented on the most prominent issues in global markets …

The US dollar seesawed between gains and losses, attempting to find a clear direction and led by US Treasury yields once again. As the 10-year U.S. Treasury yield spiked to start 2022, investors have been rotating into more cyclical and value names. On Monday, the 10-year climbed as high as …

Oil prices weakened Monday as supply problems in Kazakhstan and Libya eased, while concerns grew about the rapid rise of Omicron cases in China, the second largest economy in the world. West Texas Intermediate, the benchmark for US crude, settled down by 67 cents, or 0.9%, at $78.24 per barrel. …

WTI slipped back under $79.00 on Friday but remains on course for substantial weekly gains. Supply as well as geopolitical issues have been key drivers of oil this week, with the broader macro-economic story taking a back seat.  Oil prices have come under modest selling pressure on the final day …

The latest decision by OPEC+ Tuesday to stick to its planned increase in oil output for February largely reflects easing concern of a big surplus in the first quarter of 2022, as well as a wish to provide consistent guidance to the market.The producer group, which comprises of the Organization …