drops

Oil drilling rigs Oil prices retreated at the close of Friday’s trading as investors assessed market prospects, alongside peace talks between Russia and Ukraine and rising tensions between the United States and Venezuela. Brent crude futures for February delivery fell 2.57%, or $1.60, to $60.64 per barrel, recording a weekly loss of 0.28%. Meanwhile, US […]

Oil drilling rigs Oil prices deepened their losses today, April 3, after OPEC+ surprised the markets by agreeing to boost supplies in May with an increase equivalent to three monthly increments from its previous output hike plan. This was compounded by fears of a global recession due to US President Donald Trump’s reciprocal tariffs. Brent

Oil drilling rigs Oil prices fell on Friday as the US authorities forecast the Hurricane Rafael to start weakening as of today. Investors are also assessing global supply and demand prospects in light of Trump administration policies and the slowdown in the Chinese economy. Brent crude futures for January delivery dropped 0.54%, or $0.41, to