On Friday, crude oil prices increased amid a larger-than-expected drop in US inventories, but economic concerns have limited the rise. Hence, Brent crude rose by 0.8% to settle at $74.90 a barrel. Meanwhile, WTI crude surged by 1.1% to end at $70.64 a barrel.
read more... 03/07/2023
On Thursday, crude oil prices rose, supported by a larger-than-expected draw in U.S. crude inventories. Hence, Brent and WTI crude increased by about 0.4% to settle at $74.34 and $69.86 a barrel, respectively.
read more... 30/06/2023
On Wednesday, crude oil prices increased amid a larger-than-expected drop in US inventories. Moreover, the price received a boost due to expectations that demand for gasoline will increase in the US during 4th July weekend. Hence, Brent crude rose by 2.5% to settle at $74.03 a barrel. Meanwhile, WTI crude surged by 2.7% to end at $69.56 a barrel.
read more... 29/06/2023
On Tuesday, crude oil prices inched lower due to weaker macroeconomic data from China. Moreover, indications of further rate hikes in the US also weighed on prices. Hence, Brent crude dropped by 2.6% to settle at $72.26 a barrel. Meanwhile, WTI crude traded at $67.70 a barrel, declining by about 2.4% day-on-day.
read more... 28/06/2023
On Monday, crude oil prices rose due to concerns over global demand following the turmoil in Russia. Hence, Brent and WTI crude decreased by about 0.4% to settle at $74.18 a barrel and $69.37 a barrel, respectively.
read more... 27/06/2023