Crude oil prices were little changed on Monday as traders waited for further details of Russia's planned production cut. Hence, Brent crude rose by 0.3% to settle at $86.61 a barrel. Meanwhile, U.S. WTI crude added 0.5%, to close at $80.14 per barrel.
read more... 14/02/2023
Crude oil prices gained ground on Friday as Russia unveiled plans to cut oil production next month after the West imposed price caps on the country's crude and fuel. Brent crude rose by 2.2% to settle at $86.39 a barrel. U.S. WTI crude added 2.1%, to end at $79.72 a barrel.
read more... 13/02/2023
Oil prices edged lower on Thursday amid rising inventories and fresh concerns over US economic slowdown. Consequently, Brent crude slipped by 0.7% to $84.50 a barrel and WTI oil fell by 0.5% to $78.06 a barrel.
read more... 10/02/2023
Oil prices had a bullish evolution on Wednesday due to expectations that China's increased consumption of crude oil will further tighten the supply-demand balance in the market. Consequently, Brent crude rose by 1.7% to $85.09 a barrel and WTI oil increased by 1.7% to $78.47 a barrel.
read more... 09/02/2023
Oil prices rose for the second consecutive day on Tuesday, partly due to the closure of a Turkish export terminal following the earthquakes that struck Turkey and Syria on Monday. However, the main driver of the increase was expectations of a recovery in Chinese demand. As a result, Brent crude increased by 3% to $83.69 a barrel and WTI oil rose by 4% to $77.14 a barrel.
read more... 08/02/2023