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Daily (07.07.2023): British gas prices fell on Thursday amid continuing high stock level
Crude oil prices ended rather flat on Thursday as the combined production cuts from Saudi Arabia and Russia were offset by a possible U.S. interest rate hike. Moreover, economic data concerns from Eurozone and China weighed on price. Hence, Brent crude edged 0.2% lower at $76.52 a barrel. Meanwhile, WTI crude almost closed unchanged at $71.80 a barrel.
read more... 07/07/2023
Daily (06.07.2023): Oil prices continued to rise on Wednesday as Saudi Arabia and Russia mull extending voluntary supply cuts
Crude oil prices notched a small increase on Wednesday amid the news of further cuts from Saudi Arabia and Russia. However, worries over a slowdown in the global economy and further hikes of interest rates have limited the rise. Hence, Brent crude edged 0.5% higher at $76.65 a barrel. Meanwhile, WTI crude rose by 0.7% to end at $71.79 a barrel.
read more... 06/07/2023
Daily (05.07.2023): Oil prices rose by 2% on Tuesday amid output cuts by Russia and Saudi Arabia
Crude oil prices rose on Tuesday following the announcement made by Russia and Saudi Arabia regarding further oil production cuts. Hence, Brent crude added 2.1% to settle at $76.25 a barrel. Meanwhile, WTI crude surged by 2.2% to end at $71.32 a barrel.
read more... 05/07/2023
Daily (04.07.2023): Oil prices fell slightly on Monday as global macroeconomic concerns persist
On Monday, crude oil prices decreased amid global macroeconomic concerns and possible further interest rate hikes. Thus, Brent crude slipped by 0.3% to settle at $74.65 a barrel. Meanwhile, WTI crude dropped by 1.2% to end at $69.79 a barrel.
read more... 04/07/2023
Daily (03.07.2023): Oil prices climbed on Friday as U.S. oil inventories witnessed a decline
On Friday, crude oil prices increased amid a larger-than-expected drop in US inventories, but economic concerns have limited the rise. Hence, Brent crude rose by 0.8% to settle at $74.90 a barrel. Meanwhile, WTI crude surged by 1.1% to end at $70.64 a barrel.
read more... 03/07/2023