Tag Archives: OPEC+

The statements of US Federal Reserve Chairman Jerome Powell came with a state of concern in the markets about the lack of supply resulting from the current events in Libya and Kazakhstan, giving a solid boost for oil prices. Powell stressed that the fed uses all tools to manage the …

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 …

WTI crude oil has pulled back from session highs above $80.00 as US equities came under selling pressure at the opening of the North American session.Crude oil is expected to continue to perform better than equities, which are suffering from the Fed’s hawkish policy, if the demand outlook remains strong.Amid …

Oil prices rose Monday, January 10, as supply disruptions in Kazakhstan and Libya offset fears stemming from the rapid global rise in infections with the mutated Omicron strain of the coronavirus. Brent crude rose 16 cents, or 0.2%, to $81.91 a barrel, while US West Texas Intermediate crude rose 15 …

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 …

Oil prices rose on Friday and headed for the highest weekly increase since mid-December, due to unrest in Kazakhstan and production outages in Libya, which raised concerns about supplies. Brent crude futures rose 76 cents, or 0.9 percent, to $82.75 a barrel by 0939 GMT. US West Texas Intermediate crude …

The WTI crude oil briefly eclipsed the $80 per barrel level for the first time since mid-November as OPEC+ struggles to lift output.Crude oil prices have rallied despite recent downside in global equities after hawkish Fed minutes, and are keeping an eye on Kazakhstan unrest.Front-month WTI futures have surged on …

A Reuters survey showed on Thursday that the increase in OPEC oil production in December was also less than the increase planned under an agreement with allies, highlighting the constraints faced by production capacity that curb supply as global demand recovers from the repercussions of the Corona pandemic. The survey …

The WTI crude oil has advanced into the $78.00s, up $4.0 from earlier weekly lows and back to pre-Omicron levels. Oil prices have shrugged off a bearish weekly US oil inventory report as post-OPEC+ meeting optimism continues on the immediate next trading session.Oil markets have shrugged off bearish weekly US …

Oil prices stabilized on Wednesday as investors weighed the impact of a massive spike in omicron cases from the coronavirus, but the upside remained limited after rising US fuel stocks. Brent crude, the global benchmark, was down four cents at $80.04 a barrel. US West Texas Intermediate crude futures rose …