Oil prices were rather constant on Thursday, due to uncertainty about the level of a price cap on Russian oil. Consequently, Brent crude traded rather flat at $85.34 a barrel, and WTI oil edged 0.1% higher at $78.08 a barrel amid general signs of low demand.
read more... 25/11/2022
Oil prices were bullish on Tuesday, amid weak demand from China – the world’s second biggest crude consumer, as coronavirus cases continue to rise. Consequently, Brent crude traded 1% higher at $88.36 a barrel, and WTI oil rose by 1.1% to $80.95 a barrel.
read more... 23/11/2022
Oil prices declined on Friday as the increase in Covid-19 cases in China, the world’s major crude importer, put pressure on oil demand. Hence, Brent crude fell by 2.4% to settle at $87.62 a barrel. WTI crude lost 1.9% to end at $80.08 a barrel.
read more... 21/11/2022
Crude oil prices fell sharply on Thursday, with demand constrained by the growing COVID-19 cases in China and worries about more aggressively raising U.S. interest rates. Brent crude dropped by 3.3% to settle at $89.78 a barrel. U.S. WTI crude tumbled by 4.6%, to settle at $81.64 per barrel.
read more... 18/11/2022
Tuesday saw a rise in oil prices following U.S. statistics that suggested that inflation may start to drop, which would be favorable for oil demand. As a result, Brent crude settled 0.8% higher at $93.86 a barrel. WTI crude increased by 1.2% to $86.92 per barrel.
read more... 16/11/2022