Oil prices retreated slightly on Tuesday, despite a key interest rate cut in China designed to boost demand, as investors focused on the country's fragile economic health. Thus, WTI crude settled at $71.19 a barrel, while Brent crude ended at $75.90 a barrel.
read more... 21/06/2023
On Monday, crude oil prices slipped amid increased concerns about oil demand following China's decision to reduce its benchmark lending rate. Hence, Brent crude and WTI crude decreased by 0.7% to settle at $79.09 a barrel and $71.31 a barrel, respectively.
read more... 20/06/2023
Crude oil prices extended gains on Friday amid stronger demand from China. Ahead of a long weekend in the US, WTI crude traded 1.6% higher at $71.78 a barrel. Brent crude increased by 1.2% to settle at $76.61 a barrel.
read more... 19/06/2023
Britain's National Grid expects to have enough capacity to meet demand for electricity this winter and will keep exploring additional options amid continued supply risks following Russia's invasion of Ukraine, it said on Thursday.
read more... 19/06/2023
Crude oil prices dipped on Friday in anticipation of U.S. Federal Reserve meeting and potential interest rate increases. Hence, Brent crude decreased by 1.5% to settle at $74.79 a barrel. At the same time, WTI Crude traded 1.6% lower at $70.17 a barrel.
read more... 12/06/2023