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Daily (02.11.2022): WTI oil price rose following OPEC agreement to cut output by 2 million barrels per day.
Oil prices were volatile on Tuesday, as the market is still processing China's bad economic data. Consequently, Brent crude edged 0.1% lower at $94.65 a barrel. However, WTI oil rose by 2.1% to $88.37 a barrel, following OPEC+ agreement and his allies to cut the output by 2 million barrels per day.
read more... 02/11/2022
Daily (13.10.2022): Oil prices fell on Wednesday due to demand concerns
Oil prices fell on Wednesday after OPEC revised down the outlook for the global demand. Brent crude finally closed 2% lower at $92.45 a barrel. WTI crude decreased by 2.3% to $87.27 per barrel.
read more... 13/10/2022
Daily (10.10.2022): Crude oil prices reached a five-week high on Friday
Crude oil prices rose to a five-week high on Friday after OPEC+ announced supply curbs, easing somehow the fears about an economic slowdown. As such, Brent crude settled 3.7% higher at $97.92 a barrel, while WTI rose by 4.7% to $92.64.
read more... 10/10/2022
Daiy (07.10.2022): British near-term gas soared on Thursday amid ongoing supply concerns
Oil prices had a bullish evolution for a second day in a row, after Opec+ decided to limit production in November. Consequently, Brent crude increased by 1.1% to $94.42 a barrel, and WTI oil rose by 0.7% to $88.45 a barrel.
read more... 07/10/2022
Daiy (06.10.2022): Oil prices surged on Wednesday after OPEC agreed to cut production for November
Oil prices had a bullish evolution on Wednseday, after Opec decided to cut production by 2m bbl/day in November. Consequently, Brent crude surged 1.7% to $93.37 a barrel, and WTI oil rose by 1.4% to $87.76 a barrel.
read more... 06/10/2022