Oil Prices Unexpectedly Rise Amidst Global Economic Sentiments and Middle East Tensions

Oil Prices Unexpectedly Rise Amidst Global Economic Sentiments and Middle East Tensions

Today, oil prices witnessed a decline in the Friday session before the weekend and Christmas, amid expectations that Angola will increase production after its withdrawal from OPEC Plus due to its differences with the Kingdom of Saudi Arabia, but the opposite happened and prices rose during the week supported by positive sentiments in the American … Read more

Oil Prices Rise as Houthi Attacks Disrupt Maritime Trade and Geopolitical Tensions Escalate

Oil Prices Rise as Houthi Attacks Disrupt Maritime Trade and Geopolitical Tensions Escalate

Oil prices varied today, Tuesday, December 19, 2023, between a decline in US crude and an increase in the price of Brent crude futures, which continued the gains it achieved in the previous session. The Houthi attacks on Red Sea ships disrupted maritime trade and forced some companies to reroute ships. The price of Brent … Read more

Oil Prices Continue to Decline, US Crude Drops Below $70 per Barrel

Oil Prices Continue to Decline, US Crude Drops Below $70 per Barrel

Today, oil prices continue to decline and renew their losses in today’s session, Wednesday, December 13, after US crude lost the level of $70 per barrel. The price of Brent crude reached $73.17 per barrel, a loss of 7 cents, or about 0.10%. Read also: What is the name of the first Arab person to … Read more

After the longest series of losses… oil prices recovered relatively in global markets today, December 11

After the longest series of losses… oil prices recovered relatively in global markets today, December 11

Today, Monday, December 11, 2023, oil prices witnessed a new rise in global markets after a decline and significant losses that continued for more than a week, coinciding with the United States’ efforts to continue gains and revive its strategic reserves, and this matter contributed to providing some support. Despite this, investor concerns still persist, … Read more