Brent crude increased by 0.5% to $75.99 a barrel on Monday as oil demand is expected to rise in the second half of the year and amid declining supplies from Canada and OPEC+. WTI crude traded 0.7% higher at $72.1 a barrel.
read more... 23/05/2023
Brent crude slipped by 0.3% to $75.58 a barrel on Friday, pressured by stronger dollar and official EIA data, which showed an increase in US crude stocks. Meanwhile, WTI crude traded 0.4% lower at $71.55 a barrel.
read more... 22/05/2023
Oil prices retreated on Thursday after Wednesday’s surge, as a stronger dollar weighed on prices. Hence, Brent crude declined by 1.4% to settle at $75.86 a barrel, while WTI crude traded 1.3% lower at $71.86 a barrel.
read more... 19/05/2023
Oil prices soared by 3% on Wednesday, spurred by an acceleration in U.S. refinery activity and positive statements regarding the U.S. debt ceiling. Hence, Brent crude settled at $76.96 a barrel, while WTI crude ended at $72.83 a barrel.
read more... 18/05/2023
Oil prices edged lower on Tuesday as a slow recovery in China, a stronger dollar and uncertainty about the global economy weighed on prices. Thus, Brent crude traded 0.4% lower to settle at $74.91 a barrel. WTI crude settled at $70.86 a barrel.
read more... 17/05/2023