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Daily (11.10.2023): British gas prices saw a fierce uptrend on Tuesday amid supply concerns over Middle East tensions
Crude oil prices were slightly lower yesterday amid concerns over the state of the global economy, after recent data flagged a slowdown in economic growth. However, the oil market remained choppy amid Middle East turmoil, fueled by worries about a potential decrease in oil supply. As a result, Brent crude traded 0.6% lower at $87.65 a barrel. Meanwhile, U.S. WTI crude edged 0.5% lower at $85.97 a barrel.
read more... 11/10/2023
Daily (10.10.2023): British gas prices turned bullish on Monday amid supply concerns over potential Australia LNG strikes and tension in the Middle East
On Monday, crude oil prices increased amid rising geopolitical risk in the Middle East. Hence, Brent crude surged by 4.2% to end at $88.15 a barrel. Meanwhile, U.S. WTI crude soared by 4.3% to $86.38 a barrel.
read more... 10/10/2023
Daily (09.10.2023): British gas prices jumped on Friday amid concerns over potential strikes in Australia
Oil prices experienced a 0.6% daily increase on Friday on improved market sentiment, driven by a return of risk appetite among investors. However, gains were capped as concerns about global demand still linger in the background. As a result, Brent crude reached $84.58 per barrel, while WTI crude reached $82.79 per barrel.
read more... 09/10/2023
Daily (06.10.2023): Oil prices fell below $85 a barrel on Thursday amid demand worries
Oil prices posted a 2% daily loss on Thursday, weighed down by fears of weakening demand as a result of tight monetary policies. Consequently, Brent crude settled at $84.07 a barrel, while WTI crude closed at $82.31 a barrel.
read more... 06/10/2023
Daily (05.10.2023): Oil prices plummeted by about 6% on Wednesday, weighed down by US inventory levels and fears of a slowdown in global demand
Oil prices plummeted by 5.6% on Wednesday, weighed down by US inventory levels and fears of a slowdown in global demand. Consequently, Brent crude stood at $85.81 a barrel, while WTI crude ended at $85.81 a barrel.
read more... 05/10/2023