Tag: crude prices
Oil Prices Experience Volatility Amid Weak Demand and Strong Dollar
Jennifer -
Global oil prices exhibited volatility on Wednesday, fluctuating between modest declines and gains as traders assessed the impact of escalating geopolitical tensions, concerns over...
Oil Prices Close Higher on Surprising Crude Draw and Positive Demand Projections
Jennifer -
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
Jennifer -
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
Jennifer -
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
Jennifer -
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
Jennifer -
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
Jennifer -
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?
玛丽 -
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
Joy -
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
Joy -
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?
Joy -
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
Joy -
Brent crude, a type of oil that is used as a benchmark for pricing other crude oils, has been rising in price in recent...