Oil prices increased by nearly 4% on Friday due to supply reductions. As such, Brent crude settled at $92.84 a barrel. WTI crude closed at $86.79.
read more... 12/09/2022
Oil prices increased on Monday as OPEC+ members agreed to a modest production cut of 100,000 barrels per day to support prices. Thus, Brent crude oil settled 2.9% higher at $95.74. WTI crude rose by 2.8% to end at $89.24.
read more... 06/09/2022
Oil prices fell on Thursday on worries that rising inflation and interest rate increases are reducing the fuel usage. The trend was exacerbated by more COVID-19 lockdowns measures in China. The price of a barrel of Brent crude oil settled at $92.36, down by 4.3%. WTI crude ended 3.3% lower at $86.61.
read more... 02/09/2022
Oil prices declined for the week but were flat on Friday due to a stronger dollar and worries that a slowing economy would limit demand. Thus, the price of Brent crude oil ended up at $96.72 a barrel. At the same time, WTI crude decreased slightly by 0.3% to $90.77.
read more... 22/08/2022
Oil prices rose on Thursday as a result of an increase in the International Energy Agency's forecast for this year's growth in oil demand as some consumers switch to oil due to rising natural gas prices. Consequently, WTI crude jumped by 2.6% to $94.34 a barrel and Brent crude increased by 2.3% to settle at $99.60 a barrel.
read more... 12/08/2022