Archive for Tag: BRENT OIL Trade Idea

GM prioritizes faster EV launches ahead of fatter profits 

General Motors Co is trading up 2.54% at 54.07 General Motors Co on Tuesday said it will spend more than the $35 billion previously planned through 2025 to speed up launches of new electric vehicles, and noted that investments in technology will take priority over richer profits next year....

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Brent Oil

Oil slips below $89 on speculation of faster OPEC+ hike

Brent Oil was trading up 0.40%  at  $88.91. Oil slipped on Tuesday, staying close to a seven-year high, weighed by speculation OPEC+ could go further than expected to add supply at a meeting this week and expectations of a rise in U.S. inventories. While the Organization of the Petroleum Exporting...

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Brent crude futures

Oil heads for sixth weekly gain amid supply concerns

Brent Oil was trading up 0.41%  at  $88.47. Oil prices rose on Friday, heading towards a sixth consecutive weekly gain, as geopolitical tensions continue to raise supply concerns. Brent crude futures were up 63 cents, or 0.7%, at $89.97 a barrel by 1013 GMT, having hit $91.04 on Thursday for...

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crude futures

Oil falls as looming U.S. rate hikes spook investors

Brent Oil was trading 0.11% down at  $88.63. Oil prices fell on Thursday as the U.S. dollar strengthened following signs that the Federal Reserve will tighten monetary policy soon in the world’s biggest oil user. Futures pulled back amid a broader decline in financial markets after the Fed telegraphed a...

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Brent Crude

Oil prices rebound as growing political tensions fuel supply fears

Brent Oil was trading 0.72% up at  $87.48. Oil rose towards $89 a barrel on Wednesday, within sight of a seven-year high, supported by tight supply and geopolitical tensions in Europe and the Middle East that raise concerns about further disruption. U.S. President Joe Biden said on Tuesday he would...

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Oil falls as investors scoop up profits after U.S. inventory build

Brent Oil was trading 1.66% down at $86.95. Oil prices fell on Friday, after rising to seven-year highs this week, as investors took profits following a build-up in U.S. crude and fuel inventories, though overall sentiment remained solid due to concerns over tight supply and geopolitics. Brent crude futures...

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Oil prices slip from 2014 highs, supply concerns limit losses

Brent Oil was trading 0.42% down at  $88.05. Oil slipped on Thursday as investors took profits following a month-long rally in prices, but strong demand and short-term supply disruptions continue to support prices close to their highest levels since late 2014. Brent crude futures fell 49 cents, or 0.6%, to...

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Brent crude futures

Oil highest since 2014 as Turkey outage adds to tight supply outlook

Brent Oil was trading 1.31% up at  $88.62. Oil prices rose for a fourth day on Wednesday as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates. Brent crude futures rose...

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Brent crude futures

Oil prices hit 7-year highs as tight supply bites

Brent Oil was trading 1.13% up at  $87.61. Benchmark oil prices climbed to their highest level since 2014 on Tuesday as possible supply disruption after attacks in the Mideast Gulf added to an already tight supply outlook. Brent crude futures rose $1.02, or 1.2%, to $87.50 a barrel by 0924...

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Brent crude futures

Oil climbs on supply worries, limited Omicron impact

Brent Oil was trading 0.44% up at  $86.45. Oil prices rose on Monday, with Brent futures touching their highest in more than three years, as investors bet supply will remain tight amid restrained output by major producers with global demand unperturbed by the Omicron coronavirus variant. Brent crude futures gained...

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