Oil prices rose on Tuesday due to optimism over rising demand in China. Consequently, Brent crude increased by 1.7% to $83.89 a barrel and WTI oil closed 1.8% higher at $77.05 a barrel.
read more... 01/03/2023
Oil prices slipped on Monday amid slowing demand and expectations that central banks will further tighten their monetary policy. Consequently, Brent crude edged lower by 0.8% to $82.45 a barrel and WTI oil ended 0.8% down at $75.68 a barrel.
read more... 28/02/2023
Oil prices recovered on Thursday, supported by hopes for a Chinese economic recovery and expected declines in Russian production. Despite a surge in U.S. inventories, Brent crude oil jumped by 2%, to settle at $82.21 per barrel.
read more... 24/02/2023
Oil prices rebounded on Monday as attention shifted back to the fundamentals of supply and demand, with Russia's output expected to decline and China's reopening boosting slightly the demand. As a result, Brent crude oil gained 1.3% day-on-day to settle at $84.07 a barrel.
read more... 21/02/2023
Oil prices continued their bearish trend on Friday, despite forecasts of rising Chinese demand, as oil producers are expected to maintain current volumes of crude exports and OPEC+ agreement will continue until the end of the year. Thus, Brent crude oil posted a 2.5% day-on-day loss to settle at $83.00 a barrel.
read more... 20/02/2023