As conflicts in the Middle East intensified, international oil prices closed higher on Wednesday (3rd). According to news reports, an explosion occurred during a ceremony commemorating the fourth anniversary of the death of an Iranian military officer, causing many casualties. In addition, news reports pointed out that Libya’s largest oil field was closed due to … Read more
International oil prices closed slightly lower on Friday (29th), ending a year in which crude oil fell for the first time since 2020, as market concerns about the demand outlook outweighed the possibility of supply disruptions and the effectiveness of OPEC+ production cuts. energy commodity prices West Texas Intermediate (WTI) crude futures for February delivery … Read more
International oil prices fell back from their December highs on Wednesday (27th), with investors continuing to pay attention to the development of the situation in the Red Sea and worrying about the possibility of interruptions in crude oil transportation. energy commodity prices West Texas Intermediate (WTI) crude oil futures for February delivery fell $1.46, or … Read more
International oil prices hit their highest level this month in thin holiday trading on Tuesday (26th) as U.S. traders returned to the market after the Christmas holiday and continued to weigh the possibility of more serious disruptions in crude oil supply caused by Houthi rebel attacks on Red Sea ships. possibility. energy commodity prices West … Read more
Düsseldorf (dpa) – The consumer advice centers advise electricity and gas customers to consider changing providers because of the additional costs announced for 2024. “Consumers should definitely check a tariff portal to see how much savings they could save,” said energy expert at the North Rhine-Westphalia Consumer Center, Christina Wallraf, to the German Press Agency. … Read more
International oil prices rose for the third consecutive day on Wednesday (20th), boosted by tensions in the Red Sea that disrupted global trade. Meanwhile, U.S. official data showed that domestic supplies of crude oil and petroleum products increased last week. energy commodity prices 2 West Texas Intermediate (WTI) crude futures for delivery rose 28 cents, … Read more
International oil prices rose for the second consecutive day on Tuesday (19th), closing at a more than two-week high, as recent attacks on ships in the Red Sea triggered market concerns about supply disruptions. energy commodity prices West Texas Intermediate (WTI) crude futures for January delivery rose 97 cents, or 1.3%, to settle at $73.44 … Read more
International oil prices closed at a 2-week high on Monday (18th) as Houthi rebels’ attacks on Red Sea shipping heightened market concerns about supply disruptions in the Middle East, allowing crude oil to find support. Oil giant BP (BP-US) announced on Monday that it would suspend all shipping through the Red Sea due to worker … Read more
International oil prices rose on Friday (8th), but still closed lower for the seventh consecutive week, the longest weekly decline since 2018. Some analysts attributed Friday’s gains to supportive comments from Russia and Saudi Arabia, but oil prices fell this week as traders remained unmoved by production cuts by major oil producers. energy commodity prices … Read more
International oil prices fell for the second consecutive trading day on Friday (1st), closing the week lower. The results of the highly anticipated OPEC+ meeting failed to convince the market, and traders did not believe that oil-producing countries would fully implement further production cuts. energy commodity prices West Texas Intermediate crude oil futures for January … Read more