Tag Archives: Oil Prices

Oil prices surged Tuesday, near multi year highs as the market remains tight given increasing fuel demand due to cold weather, particularly in the U.S., and only gradual increases in supply.U.S. crude futures were up 0.5% at $84.16 a barrel, while Brent futures were up 0.4% at $85.50 a barrel. …

Resurgent oil prices are causing a noticeable improvement in Gulf Cooperation Council fiscal and external balances in 2021, in addition to reform momentum that has taken hold to varying degrees since 2014 in response to oil price volatility, Fitch Ratings says.Fitch’s scenario analysis estimates that GCC budgets, except in Bahrain, …

Commercial crude oil inventories in the US fell by 0.4 million barrels in the week ending October 15.The U. S. Energy Information Administration’s weekly report was out on Wednesday. This reading comes in much lower than the market’s expectation for an inventory build of 1.8 million barrels.Crude oil prices tipped …

Oil prices were little changed on Tuesday, with West Texas Intermediate, the U.S. benchmark, hovering around $81.60 a barrel. Oil futures are at seven-year highs and are up 70 percent this year amid a global energy crunch that is pushing prices higher for other commodities.Following a mixed session Monday triggered …

Crude prices surged as traders expect oil and natural gas production will be limited by a global drive to lower carbon emissions and a mix up secure supplies.U.S. crude rose 1.5% to $80.52 a barrel on Monday, closing above $80 for the first time since 2014 and bringing its climb …

The U. S. supports calls for OPEC+ to do more to manage the economic recovery worldwide, a White House official said on Monday, as crude prices hit multi-year peaks. The official noted that Biden’s administration is closely monitoring the cost of oil and gasoline and using every tool to address …

As Tuesday’s American trading session opened, the USD/CAD was trading at 1.2700, up by 0.59%.The USD/CAD pair has risen on the back of higher U. S. Treasury yields and the fall of the market’s risk sentiment.The U. S. 10-year Treasury yield reached a fresh two-month high at 1.567%. The fall …

Brent has closed at highest since October 2018, driving NY ULSD futures to hit their highest up in almost three yearsU.S. oil/gas rig count has also risen for 14th month according to Baker Hughes, so, for a third successive week, oil prices have risen to a near three-year high on …

The US major stock indices opened mixed, close to Wednesday’s closing levels. Looking at the major indices, the S&P 500 is down 0.1% today, almost unchanged at 4,354, the Dow Jones Industrial Average is down slightly by 0.33% at 34,683, and the Nasdaq Composite opened slightly higher by 0.25% at …

In an interview with Dubai TV, Director of Research and Development at Noor Capital, Mohamed Hashad takes a closer look at the markets. US The US jobs report (NFP) came as a surprise, contrary to expectations, as the US economy added 916 thousand jobs compared to expectations of 652K, with …