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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 […]

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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

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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

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Indian rupee falls 12 paise against UAE dirham in early trade

Uncategorized / By admin

Forex traders said foreign fund outflows and elevated crude oil prices in the international market also dented investors’ sentiments Top Stories Photo: Reuters Published: Fri 15 Mar 2024, 9:27 AM The rupee depreciated 12 paise to 82.96 against the US dollar (23.04 UAE dirhams) in early trade on Friday, weighed down by a strong American

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‎Oil marginally lower on Friday, bound for weekly gains

Uncategorized / By admin

Oil drilling rigs Oil prices saw a slight decline on Friday, but they are still up by about 4% for the week, supported by the first decrease in US inventories since January and geopolitical tensions. Brent crude futures for May delivery traded 0.12% lower, after rising by about 4.3% over the past two sessions, at

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Stock market today: Asian markets retreat after data dash hopes that a US rate cut is imminent

Uncategorized / By admin

Author of the article: The Associated Press Elaine Kurtenbach And Matt Ott Published Mar 15, 2024 • Last updated 28 minutes ago • 2 minute read BEIJING — Wall Street posted small gains in early trading Friday as markets try to close out another up-and-down week on the positive side. Futures for the S&P 500 and

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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

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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.

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Oil updates — crude rises on strong US fuel demand as supply concerns continue

Uncategorized / By David Ryabchikov

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

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Oil prices rise after Opec maintains demand forecast for 2024

Uncategorized / By David Ryabchikov

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,

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