Oil prices retreated on Monday despite recent production cuts extensions declared by the OPEC+ members, as worries about demand outweighed. Consequently, the Brent crude oil fell by 1% to settle at $82.80 a barrel, while WTI crude tumbled by 1.5% to stand at $78.74 a barrel.
read more... 05/03/2024
Oil prices moved sideways on Thursday. Hence, Brent crude ended rather stable to bearish at $83.62 a barrel, as a higher-than-expected increase in US crude inventories put pressure on prices. WTI crude retreated by about 0.4% to end at $78.26 a barrel.
read more... 01/03/2024
British Gas has unveiled its latest Price Promise tariff, priced at £1660 for the average dual fuel household starting from 1st April, marking a £30 reduction below the Ofgem price cap.
read more... 01/03/2024
On Friday, oil prices tumbled. The decline was largely attributed to diminishing expectations that the US Federal Reserve would lower interest rates as quickly as the market had initially anticipated. Furthermore, the strength of the US dollar contributed to this sentiment. Consequently, Brent crude stood at $81.62 a barrel, and WTI crude settled at $76.49 a barrel, both contracts dropping by more than 2% day-on-day.
read more... 26/02/2024
Oil prices extended gains on Thursday, with the ongoing bullish sentiment attributed to geopolitical risks in the Middle East, while a marginal rise in crude inventories failed to dampen the market. As a result, both contracts rose by about 1%, with Brent crude standing at $83.67 a barrel, and WTI crude settling at $78.61 a barrel.
read more... 23/02/2024