Archive for Tag: Crude Oil

Global shares

Crude jumps on U.S. Russian oil ban, Global shares wobble

The price of a barrel of crude, already on the march higher in January on supply worries and expectations of a strengthening global economic recovery, has rocketed upward since Russia launched its invasion of Ukraine on Feb. 24. Oil is now roughly double its early December low. Risking even...

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CRUDE OIL Price Technical Analysis: Weekly Chart In the weekly charts , Crude Oil is trading in an upward channel. Crude Oil is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level. Crude Oil will follow an uptrend...

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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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Crude oil futures

Oil prices rise on supply fears amid tensions in Eastern Europe, Middle East

Brent Oil  was trading 0.68% up at  $87.66. Oil prices rose on Monday on worries about supply disruption amid rising tensions in Eastern Europe and the Middle East, which could make an already tight market even tighter, while OPEC and its allies continued to struggle to raise output. Crude oil...

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Brent Crude futures

Oil prices slide as rapid Omicron spread dims fuel demand outlook

Brent Oil was trading 3.52% down at $70.94. Oil prices slumped by about $3 on Monday as surging cases of the Omicron coronavirus variant in Europe and the United States stoked investor worries that new mobility restrictions to combat its spread could hit fuel demand. Brent Crude futures fell...

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Brent Oil

Oil gains as investors see limited Omicron impact on demand

Brent Oil  was trading 1.34% up at  $76.19. Oil prices extended their rally on Monday as investor appetite improved amid growing relief the Omicron coronavirus variant may not cause severe illness and will likely have a limited impact on global fuel demand. Brentfutures climbed 94 cents, or 1.3%, to $76.09...

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Oil prices

Oil prices on track for biggest weekly gain since August

Brent Oil was trading 0.05%down at $74.36. Oil prices were on track for their biggest weekly gain since late August, with market sentiment buoyed by easing concerns over the Omicron coronavirus variant’s impact on global economic growth and fuel demand. The Brent and WTI benchmarks were both on course...

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Oil prices off 7-week lows but under pressure as release of reserves eyed

Brent Oil was trading 0.74%down at $81.87. Oil prices came off seven-week lows on Monday but remained under pressure after Japan said it was weighing releasing oil reserves and as the COVID-19 situation in Europe worsened, raising concerns about both oversupply and weak demand. Brent lost 26 cents, or...

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Oil prices steady after falling on signs U.S. may release more reserves

Brent Oil was trading 0.06% down at $82.58. Oil prices were steady on Thursday after falling in the previous session on concerns rising inflation in the United States, spurred by climbing energy costs, may prompt the government to release more strategic crude stockpiles to drive down prices. On Wednesday,...

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U.K. Gross Domestic Product (GDP) YoY WHEN: WHAT IT INFLUENCES: 11 th NOVEMBER 2021 GBP and its subsequent pairs WHAT’S HAPPENING: The Manufacturing Purchasing Managers’ Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below 50...

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