In the wake of further monetary tightening, which triggered turbulence in the U.S. banking sector, oil prices ended sharply lower on Tuesday. Thus, Brent crude fell by 4% to $77.45 a barrel.
read more... 15/03/2023
Oil prices lost momentum on Tuesday as the Chinese National People’s Congress estimate a lower-than-expected GDP growth target of around 5%, hence this could cause a fall in oil demand. A rise in US oil output also weighed on prices. Hence, Brent crude fell by 3.4% to settle at $83.29 a barrel.
read more... 08/03/2023
Oil prices had a bullish evolution on Thursday amid optimism about Chinese demand and reduced concerns about a potential economic downturn in the United States. Consequently, Brent crude increased by 0.5% to $84.75 a barrel and WTI oil closed 0.6% higher at $78.16 a barrel.
read more... 03/03/2023
Oil prices rose on Tuesday due to optimism over rising demand in China. Consequently, Brent crude increased by 1.7% to $83.89 a barrel and WTI oil closed 1.8% higher at $77.05 a barrel.
read more... 01/03/2023
Oil prices slipped on Monday amid slowing demand and expectations that central banks will further tighten their monetary policy. Consequently, Brent crude edged lower by 0.8% to $82.45 a barrel and WTI oil ended 0.8% down at $75.68 a barrel.
read more... 28/02/2023