Tag Archives: recession

Oil prices rose on Wednesday, recouping losses incurred in the previous session, as investors turned to riskier assets such as commodities amid gains in stock markets and signs of renewed demand in China, the largest oil importer. By 0455 GMT, Brent crude futures for December settlement rose 46 cents, or …

Oil prices fell on Tuesday, amid fears of slowing economic activity and lower demand for fuel from China, in light of its adherence to its strict policy to contain the Coronavirus known as (Zero Covid). Brent crude futures fell 41 cents, or 0.45 percent, to $91.21 a barrel by 0948 …

Oil prices were flat on Monday as concerns that rising inflation and energy costs could push the global economy into recession as China continued to loosen its monetary policy. Brent crude futures rose 17 cents, or 0.2 percent, to $91.80 a barrel by 0915 GMT, recovering from a 6.4 percent …

Oil prices rose during thin trading in early Asian markets on Monday. At the same time, the dollar fell sharply as investors awaited data from China to measure demand in the world’s largest importer of crude oil. Brent crude futures rose 85 cents, or 0.9 percent, to $92.48 a barrel …

Oil prices fell more than 3% on Friday as global recession fears and weak oil demand, especially in China, balanced support from a large cut of supply target by the OPEC+ alliance.Brent crude futures dropped to settle at $92.39 a barrel versus the opening level at $95.295, while US crude, …

Oil prices compensated for losses incurred earlier in the session and rose in Asian transactions on Friday, supported by the weakness of the dollar and the decline in US fuel stocks. At the same time, a row continues between Saudi Arabia and the United States over plans by the OPEC …

Oil prices fell for the third consecutive session on Wednesday as the dollar strengthened and investors prepared to receive US inflation data amid concerns about fuel demand raised by the risks of a global recession and the tightening of Covid-19 restrictions in China. By 0410 GMT, Brent crude futures fell …

Oil prices fell more than 2% on Tuesday, extending losses of about 2% also in the previous session, as fears of a global recession and an increase in Corona virus infections in China exacerbated concerns about slowing global demand. World Bank President David Malpass and International Monetary Fund Managing Director …

Oil prices fell on Tuesday, extending losses of about two percent in the previous session, as a stronger dollar and an increase in coronavirus infections in China led to fears of slowing global demand. By 0342 GMT, Brent crude futures fell 27 cents, or 0.3 percent, to $ 95.92 a …

Oil prices retreated by 1% on Monday as investors are concerned about economic storm clouds that could foretell a looming global recession and erosion of fuel demand amid probable tight supply .Brent crude futures fell 96 cents, or 1%, to $96.96 a barrel by 11:31 a.m. EDT (1531 GMT). West …