Oil Sheds 2% Amid Continued Interest Rate Hikes
Oil fell 2% on Monday, weighed down by expected interest rate hikes by major central banks, which weighed on demand. ...
Friday, November 15, 2024
Tag: Oil Price
Crude Oil Drops 1% on US Recession Warnings
On Thursday, crude oil fell about 1% as fears of a US recession outweighed hopes that China's lifting of COVID-19 ...
Brent Falls to $84 Despite Chinese Demand Recovery Outlook
Despite easing COVID restrictions in China, the price of Brent crude fell below $85 per barrel on Monday, raising hopes ...
Oil Price May Rise as EU Sanctions On Russian Oil Set to Begin February
Oil markets may face headwinds in 2023 as fresh Western sanctions and a price cap on Russian oil come into ...
Oil Prices Rise 1% as China Reopens Borders
After China, the second-largest economy in the world, reopened its borders for the first time since 2020, oil prices increased ...
Crude Oil Slides Further on China’s COVID, Global Economy Worries
Crude oil continued its year-long slide, falling as much as 5% on Wednesday, weighed down by demand concerns stemming from ...
S&P Predicts Brent Crude at $87 as Demand Weakens in 2023
Oil fell for the second day on Thursday, owing to an uncertain demand outlook and the spread of COVID-19 infections ...
Saudi Arabia’s $27 billion budget surplus teaches Nigeria an important lesson – Expert
It is no longer news that oil-rich Saudi Arabia reported its first budget surplus in nearly ten years on December ...
Crude Oil Prices Fall To Lowest Levels in 10 Months
On Wednesday, the market's crude oil grades fell to their lowest levels this year, wiping out all of the gains ...
OPEC+ Agrees to Keep Current Oil Production Cuts
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, OPEC+, agreed on Sunday to maintain output policies in ...
