Oil prices were mixed on Monday. Brent crude edged 0.1% higher at $83.56, amid ongoing geopolitical tensions that continue to impact the market. Meanwhile, WTI Crude declined by about 1% to $78.47, amid signs of weaker demand.
read more... 20/02/2024
Oil prices gained ground on Friday as ongoing geopolitical turmoil continue to support prices. Hence, Brent crude rose by about 1% to settle at $83.47 a barrel, while WTI crude increased by 1.5% to close at $79.19 a barrel.
read more... 19/02/2024
Oil prices surged on Thursday due to escalating tensions in the Middle East, overshadowing ongoing concerns about oversupply and weak demand. Consequently, Brent crude increased by 1.5% to settle at $82.86 a barrel, while WTI crude climbed by about 2% to stand at $78.03 a barrel.
read more... 16/02/2024
Oil prices declined on Wednesday amid signs of a strong supply outlook following a significant surge of 12 million barrels in US crude oil inventories. As a result, Brent crude fell by about 1% to stand at $81.60 a barrel, while WTI crude dropped by more than 1.5% to settle at $76.64 a barrel.
read more... 15/02/2024
Oil prices finished higher on Tuesday, despite a disappointing inflation report from the United States, which some saw as a sign that demand remains sustained. Hence, Brent crude rose by about 1% to settle at $82.77 a barrel, while WTI crude increased by more than 1.2% to stand at $77.87 a barrel.
read more... 14/02/2024