Tag Archives: Oil Prices

The Turkish lira fell 0.4 percent against the dollar on Tuesday, amid fears of rising inflation due to President Recep Tayyip Erdogan’s pledge to keep cutting interest rates. In a speech on Monday evening, Erdogan sought to downplay the rise in annual consumer prices to 73 percent last month as …

Oil futures rose above $120 on Monday after Saudi Arabia raised crude selling prices in July, indicating a tight supply even as the OPEC+ producers agreed to accelerate production increases over the next two months. Brent crude rose 68 cents, or 0.6 percent, to $ 120.40 a barrel by 0640 …

Oil prices fell on Friday after the OPEC+ group decided to increase production targets a little more than planned, but global supply shortages and increased demand as China eased Covid-19 restrictions curbed losses. The OPEC + bloc, which includes the Organization of the Petroleum Exporting Countries (OPEC) and independent oil …

Oil prices were little changed on Friday and held on to the gains they made in the previous session on doubts that oil producers in the OPEC+ cartel could increase crude production enough to offset Russian oil supply shortfalls. the price of West Texas Intermediate crude futures rose one cent …

Oil ministers from OPEC+ nations agreed on Thursday to lift output by 648K barrels per day (BPD) in both July and August, according to sources speaking to Reuters, in line with the recommendation made by the group’s Joint Ministerial Monitoring Committee earlier in the day. With Thursday’s meeting having now …

Two sources in OPEC + told Reuters on Wednesday that the group expects the oil market surplus to be 1.4 million barrels per day in 2022, about 500,000 barrels per day less than previous expectations. The two sources were based on figures prepared for the meeting of the OPEC + …

The Turkish lira fell by 0.5% Thursday, May 26, to 16.45 against the dollar, touching its weakest level since December, before a meeting of the Central Bank is expected to keep the benchmark interest rate at 14%. The lira has fallen about 20% this year, in addition to losing 44% …

At 1.2824, USD/CAD is higher on Tuesday so far as the commodity sector is shaken by concerns about weak earnings and slowing economic growth punctured the recent mini-rally. Shares have been performing negatively while traders, market participants and investors are still concerned over China’s economy.At the start of the week, …

The Turkish lira fell for the seventh consecutive session against the dollar on Friday, bringing its losses to nearly five percent since last Wednesday, and heading towards its record lows last December. The lira fell to 15.4675 against the US currency and settled at 15.4410 per dollar at 0707 GMT. …

The Turkish lira fell another 0.4 percent against the dollar on Tuesday, extending its losses the previous day and returning to lows hit in late December after a series of interest rate cuts. The lira fell to 15.1620 per dollar by 0630 GMT from 15.09 at the close on Monday. …