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Daily (09.06.2023): Oil prices tumbled following a turbulent session on Thursday
Oil prices tumbled following a turbulent session on Thursday after reports, later denied by the White House, of an imminent agreement between the US and Iran on oil sanctions. Brent crude dropped by 1.3% to settle at $75.96 a barrel. Meanwhile, WTI crude declined by about 2% closing at $71.29 a barrel.
read more... 09/06/2023
Daily (26.08.2022): Gas and power prices are going crazy!!!
Oil prices dropped on Thursday as investors awaited the potential return of Iranian oil exports. Prices were also affected by fears that the rise in US interest rates would diminish demand for gasoline. As a consequence, WTI ended 2.5% lower at $92.52 and Brent crude oil settled 1.9% lower at $99.34.
read more... 26/08/2022
Daily (25.08.2022): Oil prices increased on Wednesday on concerns that the US will not consider more Iran concessions
Oil prices increased after a tumultuous trading session on Wednesday on concerns that the US will not take into account more Iran concessions in response to a draft agreement that would reinstate Tehran's nuclear agreement and maybe the OPEC member's crude exports. Consequently, WTI crude gained 1.2% to settle at $94.89. Brent crude oil increased by 1% to end at $101.22.
read more... 25/08/2022
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Daily (24.08.2022): Oil prices rose on Tuesday following Saudi Arabia suggestion to cut OPEC output
Tuesday saw an increase in oil prices following Saudi Arabia's suggestion that output from OPEC+ be cut to sustain prices if Iranian petroleum returns. The likelihood of a reduction in U.S. stocks supported the price of Brent crude oil, which ended 3.9% higher at $100.22. WTI crude increased by 3.7% to $93.74.
read more... 24/08/2022
Daily (23.08.2022): Gas and power prices are going crazy!
Crude oil prices dropped to end the day almost flat on Monday despite OPEC's warning that it could need to tighten production. The prospect of a nuclear agreement that would allow Iran's oil to be sold again after sanctions dampened the settlement. As such, Brent crude lost 0.3% to settle at $96.48 a barrel, while WTI decreased by 0.5% to $90.77.
read more... 23/08/2022