Oil prices gained ground on Monday amid rising oil demand from China. Consequently, Brent crude rose by 1.3% to $80.99 a barrel and WTI oil increased by almost 1% to $74.11 a barrel.
read more... 07/02/2023
Oil prices had bearish evolution on Thursday amid economic growth concerns and ECB’s raise of interest rates. However, the market is looking for signs of strong fuel demand recovery in China to balance the potential decline in other major economies. Brent crude slipped by 0.8% to 82.17 a barrel and WTI oil edged 0.7% lower at $75.88 a barrel.
read more... 03/02/2023
Oil prices had a mixed trend on Tuesday amid the possibility of additional interest rate increase. Consequently, Brent crude slipped by 0.4% to 84.49 a barrel, while WTI oil rose by 1.2% to $78.87 a barrel amid higher U.S. demand, weaker dollar.
read more... 01/02/2023
Strong U.S. economic data and the assumption that the reopening of the Chinese economy would boost demand led to an uptick in oil prices on Thursday. As a result, Brent crude oil ended approximately 2% higher at $87.47 a barrel. U.S. WTI crude finished at 81.01 USD/bbl, rising by 1% day-on-day.
read more... 27/01/2023
Oil prices diverged on Monday. Brent crude rose by around 1%, to settle at $88.19 per barrel due to rising demand from China. However, WTI crude remained rather stable at $81.62 per barrel, amid persistent economic concerns.
read more... 24/01/2023