On Thursday, oil prices increased ahead of a long weekend during which many markets will be closed. The rise was attributed to concerns about potential supply shortages from various regions around the world due to geopolitical tensions. Consequently, Brent crude rebounded by 1.6% to settle at $87.48 a barrel, while WTI crude stood at $83.17 a barrel, climbing by 2.2% day-on-day.
read more... 29/03/2024
Oil prices weakened on Wednesday, reflecting an unexpected build in U.S. crude inventories, in contrast to analysts' forecasts. As a result, Brent crude retreated by 0.4% to settle slightly above $86 a barrel, while WTI crude settled at $81.35 a barrel, down 0.3% day-on-day.
read more... 28/03/2024
Oil prices finished slightly down on Friday, hampered by Gaza ceasefire hopes as well as a stronger dollar. Hence, Brent crude edged 0.4% lower at $85.43 a barrel, while WTI crude stood at $80.63 a barrel, down 0.5% day-on-day.
read more... 25/03/2024
On Wednesday, oil prices fell as the dollar weakened after the Fed announcement, while investors took advantage of recent price spikes amidst worries about possible supply disruptions in Russia. As a result, Brent crude oil fell by about 2% to settle slightly below $86 a barrel, while WTI crude declined by around 3% to stand at $81.27 a barrel.
read more... 21/03/2024
Oil prices retreated slightly on Friday as investors took profits after prices hit a four-month high on Thursday. Hence, the Brent crude oil stabilized at $85.34 a barrel, while WTI crude stood at slightly above $81 a barrel.
read more... 18/03/2024