Oil prices experiences a decline due to an increase in US stockpiles and price reductions from Saudi Arabia. Oil prices saw a decline early Thursday as a result of an increase in U.S. gasoline and diesel inventories. Saudi Arabia’s choice to reduce July crude prices for Asian buyers also played a role in the decline. Read More
Oil experiences a rebound following OPEC+’s decision to maintain the same output increase for July as was implemented in June. Oil prices saw a resurgence, climbing by more than $1 per barrel, subsequent to OPEC+’s resolution to elevate production by 411,000 barrels per day in July, in accordance with market expectations. Brent crude futures experienced an Read More
Brent crude futures increased by 47 cents, representing a 0.73% rise, reaching $64.56 per barrel by 0030 GMT. Meanwhile, U.S. West Texas Intermediate crude saw an uptick of 49 cents, approximately 0.8%, bringing it to $61.38 per barrel. Oil prices experienced an uptick in early trading on Wednesday following the U.S. government’s decision to prohibit Read More
Oil remained relatively stable as investors monitor discussions between Iran and the United States, alongside data emerging from China. Oil prices exhibited stability as investors closely observed the ongoing Iran-U.S. nuclear negotiations while anticipating significant economic data from China in the context of prevailing trade tensions. Brent crude experienced a modest decline, settling at $65.36 per Read More
Oil prices experienced a decline of more than $2 per barrel as OPEC+ announced intentions to augment oil production, which has sparked apprehensions regarding a possible surplus in supply. The group’s choice to expedite production increases for the second month in a row, with an addition of 411,000 bpd in June, reinforces anticipations of a Read More
Oil experiences a slight increase, even amid an unclear economic forecast and the possibility of an OPEC+ supply increase. Oil prices experienced a modest uptick in early trading. Nevertheless, uncertainties surrounding trade discussions between the U.S. and China persist, exerting pressure on the market. The possibility of OPEC+ potentially augmenting supply contributes to the prevailing pessimism. Read More
Oil prices are poised to experience a weekly decline due to the prospect of increased global supply. Oil prices experienced a slight increase on Friday; however, they remained poised for a weekly decline. This situation arises as a potential increase in OPEC+ output and a possible ceasefire in the Russia-Ukraine conflict could enhance supply, while Read More
