Oil prices continued their losses on Thursday, shedding by about 5% during the session, weighed down by rising inventories in the U.S. and economic signals suggesting fears for global demand. As a result, Brent crude ended at $77.42 per barrel, while WTI crude closed at $72.90 per barrel.
read more... 17/11/2023
Oil prices declined on Wednesday as the prospect of supply outpacing demand continued to grow, with U.S. reserves rising to over 439 million barrels in the week ending November 10, significantly exceeding expectations. As a result, Brent crude ended 1.6% lower at $81.18 per barrel, while WTI crude dropped by 2% to end at $76.66 per barrel.
read more... 16/11/2023
Oil prices flattened out on Tuesday after an initial bullish response to the slowdown in US inflation, which weighed on the dollar. Consequently, Brent crude ended at $82.47 per barrel, while WTI crude stabilized at $78.26 per barrel.
read more... 15/11/2023
The European Union reached a deal on Wednesday on a law to place methane emissions limits on Europe's oil and gas imports from 2030, pressuring international suppliers to clamp down on leaks of the potent greenhouse gas.
read more... 15/11/2023
Oil prices climbed on Monday, propelled by the publication of OPEC+'s monthly report aimed at mitigating "exaggerated negative sentiments" regarding the global oil demand outlook. As a result, both contracts rose by about 1.4%. Brent crude settled at $82.52 per barrel, while WTI crude ended at $78.26 per barrel.
read more... 14/11/2023