Oil prices resumed their rise on Thursday as the ongoing concerns regarding a possible crisis in the Middle East outweighed the potential rise in Venezuelan exports. Thus, Brent crude settled at $92.38 per barrel, while WTI crude ended at $89.37 per barrel, both contracts trading 1% down day-on-day.
read more... 20/10/2023
Oil prices saw a 2% uptick on Wednesday, boosted by Iran's call for an oil embargo against Israel and a decline in US crude stockpiles driven by heightened exports and rising domestic demand. Hence, Brent crude settled at $91.45 per barrel, while WTI crude ended at $88.32 per barrel.
read more... 19/10/2023
Crude oil prices rose slightly yesterday, with markets feeling uncertain due to worries about the potential escalation of a broader conflict in the Middle East after the deadly blast at Gaza hospital. As a result, Brent crude edged 0.3% higher at $89.90 a barrel. Meanwhile, U.S. WTI crude remained unchanged at $86.66 a barrel.
read more... 18/10/2023
Crude oil prices dropped yesterday amid diplomatic efforts to deescalate the Israel-Hamas conflict, while US is pursuing a deal that would ease some sanctions on Venezuelan crude sales. Nonetheless, market volatility persists in the wake of rumors about potential new sanctions on Iranian oil. As a result, Brent crude traded 1.4% lower at $89.65 a barrel. Meanwhile, U.S. WTI crude fell by 1.2% to end at $86.66 a barrel.
read more... 17/10/2023
Oil prices soared by around 6%on Friday, spurred by fears of an extension of the Middle East conflict. As a result, Brent crude settled at $90.89 per barrel. On the other hand, WTI crude ended at $87.69 per barrel.
read more... 16/10/2023