Tag Archives: opec

Oil prices experienced a slight increase on Friday but concluded the week with a decline, marking the end of four consecutive weeks of gains. This shift follows President Trump’s announcement of major initiatives to boost domestic production and his renewed demand for OPEC to reduce crude prices.Price Movements Brent crude …

Oil prices continued their decline on Wednesday, extending losses from the previous session. Markets are weighing the implications of U.S. President Donald Trump’s declaration of a national energy emergency and his proposed tariff policies. Market Performance Brent Crude Futures: Fell 36 cents (0.5%) to $78.93 per barrel as of 07:30 …

Oil prices started the week slightly lower, as markets balanced optimism over tighter supplies against cautious anticipation of U.S. President-elect Donald Trump’s policy announcements. Price Movements Brent crude futures for March delivery fell 0.2% to $80.61 a barrel. WTI crude futures dipped 0.1% to $77.31 a barrel.This decline follows four …

Oil prices experienced a slight decline, driven by a convergence of factors. A potential ceasefire agreement in the Red Sea, aimed at halting Houthi attacks on shipping, has eased maritime security concerns and reduced geopolitical risk premiums. This development, coupled with a recent agreement between Israel and Hamas to end …

President-elect Donald Trump has pledged to lower consumer prices that have soared since the pandemic, explaining how he would do so by repeating a simple mantra: “Drill, baby, drill.” He is expected to speed drilling permits that took an average of 258 days to complete during the Biden administration, hold …

The US dollar has gained momentum, reaching two-week highs against a backdrop of weakening risk-linked assets. This surge follows an inconclusive price action on Monday due to the Labor Day holiday. Dollar Strengthens Amidst Rising Recession Fears The US Dollar Index (DXY) has advanced further, approaching the crucial 102.00 level. …

Oil prices continued their upward trajectory in Asian trading on Friday, poised for substantial gains in June. This ascent was fueled by growing concerns over potential supply disruptions stemming from escalating geopolitical tensions in Russia and the Middle East, overshadowing fears of slowing demand despite a surprising increase in U.S. …

Oil prices rebounded on Thursday, defying concerns over a surprise increase in U.S. crude stockpiles, as escalating geopolitical tensions in the Middle East raised concerns about potential supply disruptions. Brent crude futures, the international benchmark, climbed 0.9% to $86.01 a barrel, while U.S. West Texas Intermediate crude futures also rose …

U.S. stock index futures climbed on Wednesday, continuing a recovery in the tech sector, led by a surge in Nvidia shares and an optimistic outlook from delivery giant FedEx. Dow Jones Futures held steady, while S&P 500 Futures gained 0.2% and Nasdaq 100 Futures jumped 0.3%, indicating a positive start …

Oil prices continued their upward trajectory on Wednesday, approaching a two-month high, driven by expectations of dwindling inventories during the peak summer demand season and heightened geopolitical tensions in the Middle East. Market Dynamics Brent crude oil futures rose 0.7% to $85.64 a barrel, while U.S. West Texas Intermediate crude …