Oil prices posted modest gains on Thursday, supported by intensifying Middle East tensions. However, a pessimistic global demand outlook capped gain. Thus, Brent crude rose by 1.1% to settle slightly above $89 a barrel, while WTI crude edged 1% higher at $83.57 a barrel.
read more... 26/04/2024
Oil prices closed lower on Wednesday, pressured by weak gasoline demand in the US and a decrease in geopolitical risk premium. However, an unexpected decline in US crude inventories helped mitigate these losses by providing some support to the market. Consequently, Brent crude fell by 0.5% to settle slightly above $88 a barrel, while WTI crude reached $82.81 a barrel, falling by 0.7% day-on-day.
read more... 25/04/2024
On Tuesday, oil prices rebounded as the U.S. dollar index dropped to its lowest point in over a week, with investors redirecting their attention from tensions in the Middle East to the condition of global economies. Brent crude increased by 2% to $88.42 per barrel, while WTI crude also rose by 2%, reaching $83.36 per barrel.
read more... 24/04/2024
On Monday, oil prices experienced a minor decrease due to diminishing concerns about a potential escalation between Iran and Israel following a quiet weekend with no significant updates. Brent crude stayed steady at $87 per barrel, whereas WTI crude dropped by over 1% to $81.9 per barrel
read more... 23/04/2024
Oil prices posted a slight increase on Friday ahead of an uncertain weekend following Israel's attack on Iran. Hence, Brent crude stood at $87.29 a barrel, down 0.2% day-on-day, while WTI crude fell by 0.5% to close at $83.14 a barrel.
read more... 22/04/2024