WTI oil prices fell to near the $82 level as investors did not expect the conflict betweenIsraelandIranspread inwarin the area From 10:21pm Thai time, pricecrude oilwest texas (WTI) Delivered in May minus $0.52 or 0.63% to $82.14/barrel. cabinetwarfromIsraelA meeting will be held today to discuss countermeasures.Iran While the United States and Western countries askedIsraelavoid attackIran … Read more
Mr.Asian stock marketwhich moves both in positive and negative range with pressure from pricescrude oilA drop above $2 could cause selling pressure. PTTEP There was a lot of speculation yesterday. Meanwhile, TISCO Financial Group Public Company Limited (TISCO) reported 1Q2024 results, contracted profit of 3.3% YoY, and revealed that the outlook for the rest of … Read more
Oil prices achieved weekly gains in global markets, with Brent crude, the international benchmark, recording about 2.5% and 2.5% for US West Texas Intermediate crude. Oil prices rose significantly in the last sessions of March, Thursday, in light of the continuing geopolitical tensions in the world. Upon settlement on Thursday, US crude futures contracts rose … Read more
The cost of renminbi-denominated financing is rising in Russia, and the yuan’s liquidity is drying up. Access to foreign currency has become more difficult for Russian companies, which face much higher domestic interest rates and face a spate of debt maturities this year. Two years after the invasion of Ukraine, Russia’s major energy and mining … Read more
The Organization of Arab Petroleum Exporting Countries, OAPEC, published weekly developments in global oil markets, as crude oil prices achieved weekly gains in futures markets, amounting to about 2.4% for Brent crude and 4.5% for US West Texas Intermediate crude. The report stated that the main factors that contributed to the rise in oil prices … Read more
Written by Marwa Al-Ghoul Monday, February 19, 2024 02:00 PM It decreased Oil prices In early transactions today, as markets absorbed comments from Federal Reserve officials indicating caution before a possible rate cut, while transactions were weak on a public holiday in the United States. Brent crude futures fell 58 cents, or 0.69%, to record … Read more
Investors and companies are becoming increasingly wary of the war in the Middle East, which poses a major risk to corporate performance. Sales have fallen due to widespread boycotts in Islamic countries, and attacks on cargo ships in the Red Sea have threatened supply chains. Those headwinds pose a risk to the record rally in … Read more
Oil prices varied today as investors evaluated expectations of a slowdown in demand and weak US retail sales data revived hopes for a cut in US interest rates. Brent crude futures fell 11 cents, equivalent to 0.1%, to $82.75 per barrel, while US West Texas Intermediate crude futures rose one cent to $78.04 per barrel, … Read more
Oil prices fell in early Asian trading today, after the American Petroleum Institute announced that crude inventories increased more than expected last week, and investors’ expectations for the US Central Bank to reduce interest rates declined. The decline in Brent crude futures reached 29 cents, equivalent to 0.4%, to reach $82.48, while US West Texas … Read more
Oil prices recorded $82.19 per barrel for Brent crude futures, and US West Texas Intermediate crude futures recorded $76.84 per barrel upon settlement on Friday, as prices achieved weekly gains of about 6%. The United States announced the imposition of new sanctions on entities related to the Russian oil and diamond sectors, according to Cairo … Read more