Tag Archives: OPEC+

Oil prices extended gains on Monday, July 18, supported by a weak dollar and tight supplies, which offset fears about a recession and the possibility that widespread shutdowns in China to combat Covid-19 will again reduce demand for fuel. Brent crude futures for September delivery settled at $103.76 a barrel …

Oil prices extended gains on Monday, buoyed by a weak dollar and tight supplies that offset fears about a recession and the possibility that widespread shutdowns in China to combat COVID-19 will again reduce demand for fuel. Brent crude futures for September delivery settled 69 cents, or 0.7 percent, at …

The US dollar surged to two-decade highs between Wednesday and Thursday after panic across markets that the Fed might decide a record 100-basis point rate hike next to suppress fresh four-decade highs in consumer prices which constitute a threat later downplayed by the US monetary policymakers.On Friday, the US Census …

Oil prices rose on Friday on expectations of a milder US interest rate hike, but concerns about a recovery in demand capped gains. By 0300 GMT, Brent crude futures for September delivery rose $1.25, or 1.3 percent, to $100.35 a barrel. West Texas Intermediate crude futures rose 90 cents, or …

) – Oil prices fell more than $2 on Thursday as investors focused on the prospect of a significant US interest rate hike, which would curb rising inflation but at the same time hurt oil demand. Brent crude futures for September fell $2.14 to $97.43 a barrel by 1038 GMT, …

) – Oil prices fell more than $2 on Thursday as investors focused on the prospect of a significant US interest rate hike, which would curb rising inflation but at the same time hurt oil demand. Brent crude futures for September fell $2.14 to $97.43 a barrel by 1038 GMT, …

Oil prices fell on Thursday as investors doubled down on bets that the US central bank would raise interest rates, which would control inflation and curb oil demand. Brent crude futures for September were down 20 cents, or 0.2 percent, at $99.37 a barrel by 0010 GMT, having gained nine …

The Organization of the Petroleum Exporting Countries (OPEC) expects global demand for oil to increase next year, but at a slightly slower pace than this year, as consumption will receive support from the improved control of the Covid-19 pandemic and the continued recovery of global economic growth. In its monthly …

Oil prices fell on Tuesday, after the imposition of new restrictions to contain Covid-19 in China and fears of a global economic slowdown affected the outlook for fuel demand. The price of benchmark Brent crude in September contracts fell by $1.81, or 1.7 percent, to $105.29 a barrel, and West …

Oil prices rose about 3% today, Wednesday, before giving up some of their gains as investors turned to the market, after a sharp decline in the previous session, as concerns related to supplies returned, with concerns of a global recession continuing. Brent crude futures rose as much as $3.08, or …