Archive for Tag: OIL Market News

Oil prices jump as Ukraine conflict stokes supply concerns

Brent Crude was trading up 4.84% at $98.75 Oil prices surged on Tuesday as concerns over supply disruptions after Russia’s invasion of Ukraine and related sanctions outweighed talks of a coordinated global crude stocks release. May Brent crude futures were up $4.02, or 4.01%, to $101.99 a barrel by...

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Oil prices take breather as Russia advances further on Ukraine

Brent Crude was trading up 0.89% at $94.39 Oil prices slipped on Friday, after sharp rises in the session, on concern over potential global supply disruptions from sanctions on major crude exporter Russia. The April Brent crude futures contract was down 33 cents, or 0.3%, to $98.75 a barrel...

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Oil tops $100, gas, grains, metals spike as Russia invades Ukraine

Brent Crude was trading up 6.95% at $100.59 Global commodity prices jumped towards multi-year highs on Thursday as Russia launched a full scale invasion of Ukraine, with prices responding in knee-jerk fashion despite steady export flows of Russian oil, gas, grains and metals to the West. Oil prices rose...

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Oil falls as Russia, Ukraine supply fears wane

Brent Crude was trading up 0.48% at $93.41 Oil prices fell on Wednesday, retreating from seven-year highs hit the previous day as it became clear that the first wave of U.S. and European sanctions on Russia were unlikely to disrupt oil supplies. Brent crude was down 59 cents, or...

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Oil heads for weekly fall on Iranian oil hopes

BRENT CRUDE OIL was trading down 1.83% at $91.22 Oil prices extended losses on Friday and were heading for a weekly fall as the prospect of increased Iranian oil exports eclipsed fears of potential supply disruption resulting from the Russia-Ukraine crisis. Brent crude futures fell $2.44, or 2,6%, to...

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Oil prices

Oil prices recoup losses as Russia-Ukraine tensions stay high

BRENT CRUDE OIL was trading up 1.34%at $94.54 Oil prices recouped losses on Wednesday as investors weighed conflicting statements on the possible withdrawal of some Russian troops from around Ukraine amid tight global supplies and recovering fuel demand. Brent crude was up $1.37, or 1.5%, at $94.65 a barrel...

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Oil hits seven-year highs as U.S. storm heightens supply concerns

Brent Oil was trading up 1.95% at $92.84. -Oil prices reached seven-year highs on Friday as geopolitical tensions and a winter storm in the United States fuelled concerns over supply disruptions. Brent Crude rose $1.32, or 1.5%, to $92.43 a barrel by 1120 GMT, having earlier touched its highest...

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Oil climbs toward 7-year highs on U.S. stock draw, eyes on OPEC+ move

Brent Oil was trading down 0.41% at $88.79. Oil prices climbed on Wednesday toward last week’s seven-year highs as a draw in U.S. crude stocks confirmed strong demand and tight supplies, but investors remained cautious ahead of an OPEC+ meeting later in the day. Brent crude rose 23 cents,...

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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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Oil rises to $82 as demand recovery seen on track

Brent Oil was trading 1.16% down at $82.05. Oil rose to around $82 a barrel on Tuesday, supported by tight supply and hopes that rising coronavirus cases and the spread of the Omicron variant will not derail a global demand recovery. OPEC supply additions are running below their allowed...

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