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Daily (18.03.2022): Oil prices surpassed again $100 a barrel on Thursday amid risk of supply shortfall
Oil prices climbed back above $100 a barrel on Thursday as risks of a Russian supply shortfall are increasing amid doubts that a resolution between Russia and Ukraine will be reached in the near term. Hence, Brent crude soared by 8.8%, to settle at $106.64 a barrel, its largest percentage gain since mid-2020. U.S. WTI crude increased by 8.4%, to close at $102.98 a barrel.
read more... 18/03/2022
Daily (17.03.2022): Oil prices lost around 1.5% on Wednesday, following news that ceasefire talks between Russia and Ukraine might be reaching a compromise
Crude oil prices continued to fall on Wednesday, weighed by concerns of a slowdown in demand for black gold and optimism regarding ceasefire talks between Russia and Ukraine. As a result, Brent oil lost 1.9% at $98.02 a barrel and WTI crude decreased by 1.5% to $95.04 a barrel.
read more... 17/03/2022
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Daily (16.03.2022): Oil prices fell below $100 a barrel on Tuesday amid China lockdown, hopes for a nuclear deal
Crude oil prices fell below $100 a barrel on Tuesday after China, the world’s largest oil importer, imposed new lockdowns to fight against an outbreak of the coronavirus, move which could jeopardize demand. Suggestions that Russia could allow the revival of the nuclear deal with Iran to go ahead put further downward pressure on prices. Hence, Brent crude shed by 6.5% to settle at $99.91 a barrel. U.S. WTI crude dropped by 6.4% to end at $96.44 a barrel.
read more... 16/03/2022
Daily (15.03.2022): British gas prices dropped sharply on Monday amid peace talks, healthy supply
Crude oil prices fell sharply on Monday to hit their lowest levels in two weeks amid ongoing negotiations between Russia and Ukraine, as well as pandemic-linked travel ban in China. Hence, Brent crude dropped by 5% to settle at $106.90 a barrel. U.S. WTI crude shed by 5.8% to close at $103.01 a barrel.
read more... 15/03/2022
Daily (14.03.2022): Brent crude rose by over 3% on Friday, boosted by supply worries amid the war in Ukraine
Crude oil prices strengthened on Friday, as brokers secured positions in a market still buoyed by fears of global supply disruptions due to the war between Russia and Ukraine. As a result, Brent oil and WTI crude both soared by 3.1% to $112.67 a barrel and $109.33 a barrel, respectively.
read more... 14/03/2022