Crude oil prices increased on Wednesday, amid renewed concerns over the Ukraine crisis due to widespread skepticism over the Russians’ actions. Nevertheless, gains were limited by an unexpected rise in weekly US crude stocks. As a result, Brent oil climbed by 1.6% to $94.81 a barrel and WTI crude rose by 1.7% to $93.66 a barrel.
read more... 17/02/2022
Oil prices fell on Tuesday, retreating from a seven-year high as worries of an impending war between Russia and Ukraine dissipated following reports that Moscow had withdrawn some troops from its borders. Hence, Brent crude fell by $3.20, or 3.3%, to settle at $93.28 a barrel. U.S. WTI crude dropped by $3.39, or 3.6%, to end at $92.07 a barrel.
read more... 16/02/2022
Oil prices extended gains on Monday, to hit their highest levels in more than seven years as escalating tensions between Russia and Ukraine kept the market on the edge. Hence, Brent crude increased by 2.2% to $96.48 a barrel. U.S. WTI crude soared by 2.5% to end at $95.46 a barrel.
read more... 15/02/2022
Oil prices increased sharply on Friday, as US defense officials anticipated Russian forces to commence the invasion in the coming weeks. As a result, Brent crude soared by 3.3% to $94.44 a barrel and WTI oil jumped by 3.6% to $93.10 a barrel.
read more... 14/02/2022
Crude oil prices traded flat on Thursday as market participants awaited the conclusion of indirect nuclear discussions between the US and Iran, which might pave the way for increased crude supplies. Hence, Brent crude steadied at $91.41 a barrel. U.S. WTI crude added 0.3% to $89.88 a barrel.
read more... 11/02/2022