On Thursday, oil prices increased ahead of a long weekend during which many markets will be closed. The rise was attributed to concerns about potential supply shortages from various regions around the world due to geopolitical tensions. Consequently, Brent crude rebounded by 1.6% to settle at $87.48 a barrel, while WTI crude stood at $83.17 a barrel, climbing by 2.2% day-on-day.
read more... 29/03/2024
Oil prices weakened on Wednesday, reflecting an unexpected build in U.S. crude inventories, in contrast to analysts' forecasts. As a result, Brent crude retreated by 0.4% to settle slightly above $86 a barrel, while WTI crude settled at $81.35 a barrel, down 0.3% day-on-day.
read more... 28/03/2024
On Tuesday, oil prices were rather stable to bearish, driven by a sharp price decline in refined products, following the restart of refineries in the United States after a maintenance period. Brent crude decreased by 1% to $86.25 a barrel, while WTI Crude slipped by 0.4% to $81.62 a barrel.
read more... 27/03/2024
On Monday, oil prices ended higher, driven by prospects of reduced Russian crude oil production, following Ukrainian attacks on refineries. Brent crude increased by 2% at $86.75 a barrel, while WTI Crude rose by 2% to $81.95 a barrel.
read more... 26/03/2024
Oil prices finished slightly down on Friday, hampered by Gaza ceasefire hopes as well as a stronger dollar. Hence, Brent crude edged 0.4% lower at $85.43 a barrel, while WTI crude stood at $80.63 a barrel, down 0.5% day-on-day.
read more... 25/03/2024