Oil prices fell slightly on Monday as increased supplies of Russian crude headed for Asia counterbalanced the optimism sparked by Saudi Arabia's larger-than-expected price hike for Far East exports. Hence, Brent crude lost 21 cents, or 0.2%, to settle at $119.51 a barrel. U.S. WTI crude slipped by 37 cents, or 0.3%, to settle at $118.50 a barrel.
read more... 07/06/2022
Oil prices increased modestly on Friday due to strong demand and increased supply concerns, as Europe continues to restrict Russian oil. As a result, Brent crude gained 0.5% to end at $112.55 a barrel.
read more... 23/05/2022
Oil prices rebounded on Thursday after two days of losses, back by dollar weakness and expectations that China could ease export curbs, boosting demand. As a result, Brent crude rose by 2.7% to $112.04 per barrel.
read more... 20/05/2022
After hitting seven-week highs on Monday, oil prices fell by 2% on Tuesday as the US could lift certain restrictions on Venezuela's government. Brent crude ended 2% lower at $114.24 a barrel on Tuesday.
read more... 18/05/2022
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