On Thursday, Oil prices fell following reports that Saudi Arabia had committed to maintaining market stability in the face of possible supply disruptions in the Middle East caused by conflicts in the region. As a result, Brent crude dropped by 2% to settle at $85.82 per barrel, while WTI crude ended at $83.49 per barrel, down 3% day-on-day.
read more... 12/10/2023
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
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
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
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