Oil prices settled down nearly 2% on Friday, little changed on the week with Brent crude below $80 a barrel, as investors tempered expectations of demand growth from top oil importer China. Brent crude futures fell $1.36, or 1.7%, to settle at $79.68 per barrel. U.S. West Texas Intermediate crude futures declined by $1.51, or […]
Oil falls 2% to end volatile week, focus on China demand concerns Read More »
At the interbank currency exchange, the domestic currency opened at 83.72, 1 paisa higher than the previous day’s close. | Photo Credit: Reuters The rupee rose 2 paise to 83.71 against the U.S. currency in early trade on July 31 following a marginal dip in the dollar in overseas markets. At the interbank currency exchange,
Rupee rises 2 paise to 83.71 against U.S. dollar in early trade Read More »
Oil prices continued to fall on Tuesday morning, ignoring the rising geopolitical risk in the Middle East and the potential of a supply disruption in Venezuela. Concerns about global demand continue to drive bearish sentiment in oil markets. The Q2 quarterly earnings season has continued this week with most of oil majors reporting their performance
Brent Breaks Below $80 as Bearish Sentiment Continues to Dominate Oil Markets 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 Premium Content By Irina Slav – Jul 30, 2024, 7:00 PM CDT Bank of America: oil prices are nearing a breakout moment. Bank of America’s analysts seem to be leaning toward a
Oil Market Nears Breakout Point Read More »
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Oil prices settle lower, erasing brief jump sparked by Israel-Hezbollah tensions Read More »
Oil falls by more than $1/bbl as Israel officials seek to avoid broader Middle East war 2:45 pm, Mon July 29, 2024 Oil prices fell more than one dollar a barrel today after Israeli officials said they wanted to avoid dragging the Middle East into an all-out war while responding to a deadly rocket strike
Oil falls by more than $1/bbl as Israel officials seek to avoid broader Middle East war Read More »
Oil prices remained at just over $80, a barrel of Brent crude was temporarily as cheap as it was last at the beginning of June, Commerzbank’s Commodity Analyst Barbara Lambrecht notes. Crude oil trades above $80 “Oil prices remained under pressure this week: at just over $80, a barrel of Brent crude was temporarily as
Oil prices remain under pressure this week – Commerzbank Read More »
Oil drilling rigs Oil prices rose on Friday after official data released on July 25 showed higher-than-expected growth in the US economy in the second quarter of the year, boosting investor optimism about the demand outlook for crude oil. Brent crude futures for September delivery rose by 0.15% to $82.49 a barrel at 08:19 am
Oil rises on strong economic growth in US Read More »
Egypt has raised the prices of various petroleum products, with Octane 80 increasing from EGP 11 to EGP 12.25, Octane 92 from EGP 12.5 to EGP 13.75, Octane 95 from EGP 13.5 to EGP 15.5, and Diesel from EGP 10 to EGP 11.5. The government has also raised the price of Kerosene from EGP 10.0
Egypt Raises Fuel Prices by up to 15 Percent Read More »
Brix Lelis – The Philippine Star July 16, 2024 | 12:00am Motorists queue at a gasoline station in Quezon City on July 7, 2024. STAR / Miguel De Guzman MANILA, Philippines — Motorists can expect lower pump prices for all petroleum products today, to reflect positive developments in the global oil market. In separate advisories,
Oil prices down this week Read More »
