Siim, Author at EmeraldBay Trading

WTI continues its winning streak amid heightened concerns over supply, climbs to $80.90

WTI price appreciation following Ukrainian attacks on Russian refineries. Ukraine has declared not to extend a five-year agreement with Russia’s Gazprom. Israeli Prime Minister Benjamin Netanyahu has affirmed to proceed with plans to expand into Gaza’s Rafah enclave. West Texas Intermediate (WTI) oil price continues its upward trajectory, reaching around $80.90 per barrel during the […]

WTI continues its winning streak amid heightened concerns over supply, climbs to $80.90 Read More »

Oil Could Rise More than Anyone Expects This Year

Uncategorized / By Siim

Oil prices have been strengthening over the past few weeks. The trend is not of particularly noticeable proportions, with Brent still stuck in the low $80s and West Texas Intermediate hovering around $80 per barrel. This could change later in the year, however, Morgan Stanley’s global oil strategist Martijn Rats has predicted. In fact, prices

Oil Could Rise More than Anyone Expects This Year Read More »

Bloomberg Survey: Brent To Exceed $80 By Year’s End

Uncategorized / By Siim

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 15, 2024, 2:30 PM CDT The Brent crude oil benchmark is set to exceed $80 per barrel by the end of this year, according to a

Bloomberg Survey: Brent To Exceed $80 By Year’s End Read More »

Brent Soars Past $85 As IEA Recalculates Supply, Demand

Uncategorized / By Siim

Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info By Tom Kool – Mar 14, 2024, 2:45 PM CDT Crude oil prices hit a four-month high on Thursday, with the U.S. benchmark crossing over the $80 mark and Brent passing $85 per barrel

Brent Soars Past $85 As IEA Recalculates Supply, Demand Read More »

Petrol Price Likely to Increase Rs. 1 form 16th March

Uncategorized / By Siim

There’s speculation circulating that within the next 15 days, the cost of petrol may increase across the country, pending a decision from the Prime Minister’s office. This decision holds significant sway over adjustments to petroleum product prices. Recent reports from various media outlets indicate a surge in global crude oil prices over the past fortnight.

Petrol Price Likely to Increase Rs. 1 form 16th March Read More »

Oil Updates – prices fall on China demand worries

Uncategorized / By Siim

RIYADH: Real estate transactions are set to surge in Saudi Arabia in 2024 thanks to Vision 2023 investments, according to an S&P Global report. In a report titled “GCC Real Estate How Credit Stories Have Evolved,” S&P believes the Kingdom’s property sector will also benefit from economic growth of up to 3 percent in the Gulf Cooperation

Oil Updates – prices fall on China demand worries Read More »

Oil prices settle 2% higher, lifted by rising Middle East tensions

Uncategorized / By Siim

Crude-oil futures rose Friday, settling higher for the week, after a strike by Israeli forces a day earlier was said to have killed more than 100 Palestinians waiting for aid in Gaza, raising tensions in the oil-rich Middle East. Traders also waited to hear any news on whether major oil producers will extend voluntary production

Oil prices settle 2% higher, lifted by rising Middle East tensions Read More »

‎Oil rises on Friday, WTI heads for weekly gain

Uncategorized / By Siim

Oil drilling rigs Crude oil prices rose on Friday as investors awaited the OPEC+ decision non supply reduction policies. Reports suggest that the alliance intends to extend voluntary cuts for the second quarter of the year. Additionally, economic activity indicators in China showed mixed signals, reflecting uncertainty about the future demand for oil. Futures for

‎Oil rises on Friday, WTI heads for weekly gain Read More »

Oil Prices Fall As US Inflation Prompts Weak Demand

Uncategorized / By Siim

Crude Oil Prices rise On Thursday, oil prices fell as inflation data from the United States indicated a softening of the world’s biggest economy which could weaken crude oil demand. Brent futures went down by 6 cents to $83.62 a barrel and the US West Texas Intermediate (WTI) futures depreciated by 28 cents to $78.26

Oil Prices Fall As US Inflation Prompts Weak Demand Read More »

WTI consolidates around $78.00, remains on track to post second straight week of gains

Uncategorized / By Siim

WTI edges higher on Friday, though the intraday uptick lacks bullish conviction. Mixed demand-supply cues hold back traders from placing fresh directional bets. Acceptance above the 200-day SMA supports prospects for further near-term gains. West Texas Intermediate (WTI) US Crude Oil prices attract some buying near a technically significant 200-day Simple Moving Average (SMA) during

WTI consolidates around $78.00, remains on track to post second straight week of gains Read More »

Author name: Siim

Start typing and press enter to search