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Oil Prices Close Higher on Surprising Crude Draw and Positive Demand Projections

Oil prices concluded higher on Thursday, propelled by a larger-than-expected draw in U.S. crude supplies and optimistic demand forecasts, alleviating concerns about the demand...

Oil Prices Hold Steady Amid US Inventory Build and Red Sea Geopolitical Tensions

Oil prices maintained stability during Asian trade on Wednesday, influenced by unexpected U.S. crude stockpile growth that raised concerns about market conditions in 2024....

What is brent crude used for: Applications and Significance

Brent crude, a benchmark in the world of oil, plays a pivotal role in shaping the global energy landscape. Its significance extends far beyond...

European Shares Decline Amid Hawkish Fed Outlook; BoE Decision Awaited

European shares slipped on Thursday, mirroring losses on Wall Street following the U.S. Federal Reserve's signal of prolonged higher interest rates. Investors also awaited...

Oil Prices Hold Steady Near Four-Month Peak Amid OPEC+ Production Cuts

Oil prices experienced a slight retreat on Monday, yet remained in proximity to their most elevated levels since mid-April, bolstered by a commitment from...

Oil Prices Poised for Sixth Consecutive Weekly Gain as Output Reduction Commitments Solidify

In a testament to the evolving landscape of global oil dynamics, prices surged for a consecutive second day on Friday, firmly poised to mark...

What is the Difference Between Brent Oil and Crude Oil?

When discussing the global oil market, two terms often come up: Brent oil and crude oil. These terms refer to different types of oil...

Putin Orders Adjustments to Indicators Determining Taxation on Oil Prices

On May 23, according to a statement from the Kremlin, Russian President Vladimir Putin ordered the government to fine-tune existing indicators and establish new...

Oil Prices Rise on Optimism

Oil prices rose on May 18 as traders bought into risky assets on optimism about U.S. debt-ceiling talks, largely ignoring a bearish EIA report. U.S....

Brent Crude Vs WTI Crude: What’s the Difference?

Brent and WTI crude are two of the most widely used benchmarks for oil prices worldwide. In this article, we will take a closer...

Why is brent crude rising

Brent crude, a type of oil that is used as a benchmark for pricing other crude oils, has been rising in price in recent...

Why brent crude is falling

If the price of Brent crude is currently falling, there are a number of potential reasons why this might be the case. One possible reason...

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