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Daily (28.10.2022): Oil prices extended gains amid increasing US crude exports and rising global demand.
Oil prices surged on Thursday, boosted by increasing US crude exports and rising global demand. Consequently, Brent crude ended at $96.96 a barrel, and WTI oil rose by 1.3% to $89.08 a barrel.
read more... 28/10/2022
Daily (27.10.2022): Oil prices rose on Wednesday amid improving global demand
Oil prices increased on Wednesday amid improving global demand. Consequently, Brent crude rose by 2.3% to settle at $95.69 a barrel, while U.S. WTI crude soared by 3% to $87.91 a barrel.
read more... 27/10/2022
Daily (26.10.2022): British gas prices declined on Tuesday due to full storage rate, robust supply and low demand
On Tuesday, oil prices increased slightly due to a weaker dollar and supply issues raised by Saudi Arabia's energy minister. Thus, Brent crude settled 0.3% higher at $93.52 a barrel. At the same time, WTI crude ended 0.9% higher at $85.32.
read more... 26/10/2022
Daily (25.10.2022): British near-term gas prices plummeted on Monday due to milder weather and oversupply
Oil prices fell slightly in a choppy trade on Monday as data revealed China's demand remained sluggish in September and the US currency strengthened. However, poor US business activity data reduced expectations for more aggressive interest rate hikes, limiting losses. As a result, Brent crude decreased by merely 0.3% to end at $93.26 per barrel. At the same time, WTI crude edged 0.6% lower at $84.58 per barrel.
read more... 25/10/2022
Daily (24.10.2022): Oil prices rose on Friday on expectations of higher Chinese demand
Oil prices rose on Friday as expectations of higher Chinese demand and a falling dollar mitigated fears about a worldwide economic recession and the effect of rising interest rates on consumption. Thus, Brent crude settled 1.2% higher at $93.50 a barrel, WTI crude traded 0.6% higher at $85.05.
read more... 24/10/2022