OPEC+ to go as planned with production; oil peaks as a consequence
OPEC+, the Organization of Petroleum Countries and allies announced this Monday they would go as planned regarding oil production. After their meeting, they agreed to...
Tag : oil prices
Oil rises above $78 supported by rising gas prices; OPEC meeting looms
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Oil prices rose above the $78 per barrel mark after hitting a three-year high record this week. The main factor for the increase has been...
Oil drops for second day in a row after hitting $80 per barrel
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Oil prices dropped this Wednesday for the second day in a row after the European benchmark reached its highest point; a three-year-high-record of $80 per...
Oil prices reach $77, holding a three-year high and three-week gains
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Oil prices reached $77 a barrel this Friday, pushed by supply disruptions, strong demand, and deeper than expected inventory draws. Today’s trading point is a...
Oil peaks to a two-month high record as supplies tighten
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Oil prices peaked this Thursday, pushed by growing demand in the U.S. and lower than expected oil stocks; the halted production in the Gulf of...
Oil steps back as dollar strengthen; Goldman Sachs forecasts $80 by 4Q
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Oil prices stepped back this Monday as risk aversion spread across the stock market, boosting the U.S. dollar. Previous gains for the oil contracts regarding...
Oil prices fall to $75 a barrel as threat from Hurricane Nicholas melts
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Oil prices slipped on Thursday to about $75 per barrel from a multi-week high a day before. As the threat from Hurricane Nicholas melts, oil...
Oil prices nearly reach six weeks high record, but worries remain
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Oil prices nearly reached a six-weeks-high record this Monday, as the U.S. oil output remains slow after the hit from Hurricane Ida to the Gulf...
Oil reaches $73 boosted by tighter demand; Biden-Xi call pushes it further
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Oil prices reached briefly a high record this Friday after consistent losses weeks ago. Oil reached $73 per barrel, supported by signs of tight supply...
Oil prices fell on Monday following Saudi’s cuts for Asia
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Oil prices fell this Monday after Saudi Arabia announced a price reduction to its light crude contracts for Asia. As cuts were sharper than expected,...