On Tuesday, crude oil prices moved upwards on weaker dollar and worries about the possible effects on energy supply and demand due to Hurricane Idalia, which is expected to hit Florida this week. Hence, Brent crude and WTI crude edged 1.3% higher to settle at $85.49 a barrel and $81.16 a barrel, respectively.
read more... 30/08/2023
Crude oil prices ended rather stable on Monday as markets faced another day of uncertainty over price direction. Despite China's economic stimulus measures, worries about possible additional U.S. interest rate hikes overshadowed the positive impact. Thus, Brent crude ended rather flat at $84.42 a barrel. Meanwhile, U.S. WTI crude edged 0.3% higher at $80.10 a barrel.
read more... 29/08/2023
Oil prices edged up on Friday as supply concerns and a stronger dollar outweighed the worsening global economic outlook. Thus, Brent crude rose by 1.3% to settle at $84.48 a barrel, while WTI crude gained about 1% at $79.83 a barrel.
read more... 28/08/2023
Crude oil prices closed slightly higher on Thursday as gasoil stocks in Europe are declining. Hence, Brent crude and WTI crude edged 0.2% higher, at $83.36 a barrel and $79.05 a barrel, respectively.
read more... 25/08/2023
On Wednesday, crude oil prices fell due to concerns over increased U.S. gasoline inventories. Hence, Brent crude declined by 1% to $83.21 a barrel, while WTI crude dropped by 0.9% $78.89 a barrel.
read more... 24/08/2023