Categories
Commodities
Oil prices snap three-day losing streak
Major factor contributing to the decline in oil prices was the surge in the US crude oil inventories by 4.906 million barrels last week.
Read MoreTag: OPEC
Categories
Commodities
Oil rises 1.25pc for eighth straight week on supply concerns
Crude oil prices surged up to 1.25 percent for the eighth consecutive week, hitting the eight-year highs amid supply concerns. The global oil prices were lifted by mounting worries about supply interjections;…
Read More
Categories
Commodities
Crude oil prices rise on increased demand, fall in stock in US
Crude oil prices surged as demand in the US rises and Fed announces three hikes in interest rate in 2022. At 1210 hours GMT on Thursday, Brent, the international benchmark for two-thirds…
Read More
Categories
Commodities
Crude oil prices witness steepest daily decline since July
Global crude oil prices recorded their steepest daily decline since July on Friday as reports of the new heavily-mutated coronavirus strain raised concerns of fresh travel restrictions that could cripple fuel demand.…
Read More
Categories
Commodities
Crude oil prices inch down
Current position of crude oil price
Read More
Categories
Uncategorized
OPEC+ forced to reschedule meeting as disagreement on curbs persists
The meeting with OPEC+ was set to resume on Tuesday, but a late and a rather surprising announcement came in the afternoon saying that the meeting had been rescheduled to December 3…
Read More