On Wednesday, oil prices fell as the dollar weakened after the Fed announcement, while investors took advantage of recent price spikes amidst worries about possible supply disruptions in Russia. As a result, Brent crude oil fell by about 2% to settle slightly below $86 a barrel, while WTI crude declined by around 3% to stand at $81.27 a barrel.
read more... 21/03/2024
Crude oil prices extended gains yesterday due to ongoing attacks on Russia's refining infrastructure, positive macroeconomic data from China, as well as reports of decreasing US crude oil and gasoline inventories. As a result, Brent crude edged 0.6% higher to end at $87.38 a barrel. Meanwhile, U.S. WTI crude rose by about 1% to settle at $83.47 a barrel.
read more... 20/03/2024
Oil prices ended higher on Monday, influenced by improving economic prospects in China and heightened geopolitical tensions following new drone strikes on Russian refineries over the weekend. Brent crude increased by 2% at $86.89 a barrel, while WTI Crude rose by 2% to $82.72 a barrel.
read more... 19/03/2024
Oil prices retreated slightly on Friday as investors took profits after prices hit a four-month high on Thursday. Hence, the Brent crude oil stabilized at $85.34 a barrel, while WTI crude stood at slightly above $81 a barrel.
read more... 18/03/2024
Oil prices increased by about 2% on Thursday, hitting their highest level in four months, boosted by new forecasts from the International Energy Agency (IEA) warning of potential supply shortages until year-end. The EIA report also revealed a notable 5.7-million-barrel decrease in gasoline stocks, the steepest decline since early November. Thus, the Brent crude oil stood at $85.42 a barrel, while WTI crude settled at $81.26 a barrel.
read more... 15/03/2024