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Daily (09.09.2022): Oil prices turned bullish again on Thursday due to forecasts for stronger demand
Oil prices jumped on Thursday, on prediction of strong demand, and export threats with suspension of oil and gas from Russia to some buyers. Consequently, Brent crude surged by 1.3% to $89.15 a barrel, and WTI crude oil soared by 1.9% to $83.54 a barrel.
read more... 09/09/2022
Daily (08.09.2022): Brent crude oil decreased to a 7-month low on Wednesday
The price of crude oil decreased to a 7-month low on Wednesday, influenced by forecasts of weakening demand and flagging global growth. As such, Brent crude settled 5.2% lower at $88 a barrel. WTI crude fell by 5.7% to $81.94.
read more... 08/09/2022
Daily (23.06.2022): Oil prices slumped to their lowest level in more than a month on Wednesday amid growing recession fears
Crude oil prices retreated to their lowest level in more than a month on Wednesday, with losses attributed to weak economic forecasts for the global economy after major central banks hiked interest rates. Hence, Brent crude fell by $2.91, or 2.5%, to settle at $111.74 a barrel. U.S. WTI crude dropped by $3.33, or 3%, to settle at $106.19 a barrel.
read more... 23/06/2022
Daily (20.04.2022): Oil prices fell by over 5% on Tuesday after IMF cuts growth outlook
Oil prices fell sharply on Tuesday on demand concerns after the International Monetary Fund (IMF) cut its economic growth forecasts and warned of higher inflation. Hence, Brent crude dropped by $5.91, or 5.2%, to settle at $107.25 a barrel. U.S. WTI crude dropped $5.65, or 5.2%, to settle at $102.56 a barrel.
read more... 20/04/2022
Daily (21.02.2022): British gas prices were bearish on Friday, on forecasts for milder weather and higher renewables output
Crude oil prices were mixed on Friday, as escalating tensions in the Russia-Ukraine crisis were offset by prospects of returning Iranian crude supply, as talks moved forward on a nuclear deal. As such, Brent oil rose by 0.6% to $93.54 a barrel. At the same time, WTI crude fell by 0.8% to $91.07 a barrel.
read more... 21/02/2022