The Mexican Peso rises to a nine-year high versus USD on Friday. The release of Banxico’s March meeting minutes may have helped spur the Peso to more gains. Higher crude Oil prices, a key Mexican export, could also be supporting MXN. The Mexican Peso (MXN) trades at nine-year highs against the US Dollar (USD) on Friday […]
Mexican Peso rises to nine-year high against USD Read More »
Oil prices extended gains on Friday and headed for a second weekly gain, supported by geopolitical tensions in Europe and the Middle East, concerns over tightening supply, and optimism about global fuel demand growth as economies improve. Brent crude climbed 40 cents, or 0.4%, to $91.05 a barrel by 0425 GMT. US West Texas Intermediate
Oil heads for second weekly gain on geopolitical tension, supply concerns Read More »
Asian shares retreated on Friday as hawkish comments from some Federal Reserve officials and escalating geopolitical tensions put a dent in risk sentiment, while traders were also cautious ahead of U.S. jobs data due later in the day. The threat of supply disruptions owing to a prolonged conflict in the Middle East kept Brent futures
Asia stocks stumble on risk-off mood; oil prices climb Read More »
Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info By Irina Slav – Mar 28, 2024, 2:32 AM CDT The latest crude oil purchase that the Department of Energy made as part of refill plans for the strategic petroleum reserve cost
The U.S. Breaks Its Self-Imposed Oil Price Ceiling of $79 to Refill the SPR Read More »
Thursday . March 14, 2024 You are here Home Oil updates — crude rises on strong US fuel demand as supply concerns continue Brent futures for May climbed 11 cents, or 0.13 percent, to $84.14 a barrel at 09:52 a.m. Saudi time, while April US West Texas Intermediate crude rose 10 cents, or 0.13 percent, to
Oil updates — crude rises on strong US fuel demand as supply concerns continue Read More »
Oil prices rose on Wednesday after Opec stuck to its oil demand projections and raised its forecast for economic growth this year. Brent, the benchmark for two thirds of the world’s oil, was trading 0.45 per cent higher at $82.29 a barrel at 11.21am UAE time. West Texas Intermediate, the gauge that tracks US crude,
Oil prices rise after Opec maintains demand forecast for 2024 Read More »
Premium Content By Robert Rapier – Mar 12, 2024, 4:00 PM CDT The SPR was aggressively depleted by 291 million barrels during Biden’s first two and a half years, primarily in response to rising gasoline prices and the Ukraine crisis. Critics argue this depletion compromises U.S. energy security, while supporters claim decreased dependency on imports
Biden’s SPR Gamble Sparks Debate Over U.S. Energy Security Read More »
Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info By Julianne Geiger – Mar 12, 2024, 3:45 PM CDT Crude oil inventories in the United States fell this week by 5.521 million barrels for the week ending March 8, according
Inventory Draws Across The Board Jolt Oil Prices Read More »
RIYADH: Saudi banks extended loans totaling SR2.62 trillion ($700 billion) in January, marking an 11 percent rise from the same month in 2023, according to official data. Figures released by the Kingdom’s central bank showed an increase in personal loans accounted for 33 percent of this growth, while the remaining 67 percent was attributed to
Oil Updates – prices up as Middle East tensions persist, demand concerns cap gains Read More »
WTI price extends its losing streak on demand concern following Chinese oil import data. China’s oil imports fell to 10.8 million bpd in the first two months of the year, compared to 11.44 million bpd in December. Crude oil prices could find support from a weakening US Dollar amid growing expectations of a Fed rate
WTI falls to $77.00 on falling Chinese oil imports-led demand concerns Read More »
