Oil prices fall on weak economic data

Oil prices fell more than $2 on Tuesday after disappointing economic data from China, the biggest buyer of crude, revived fears of a global recession and as the market waited for more clarity on talks to revive a deal that could allow more oil exports from Iran. Brent crude futures fell $2.47 to $92.63 a … Read more

Oil prices rise 2% in a week.. US crude is falling for the third week

Oil prices fell, on Friday, against the backdrop of weak global demand expectations and the resumption of some Libyan crude oil production.West Texas crude closed lower for the third week in a row after falling during the past two sessions, while Brent crude gained about 2% on the weekly level.On Friday, Brent crude futures closed … Read more

Oil falls on expectations of a decline in demand and fears of a slowdown in the economy

The price of benchmark Brent crude fell $4.78, and reached $102.32 a barrel, while US West Texas Intermediate crude fell $4.91, to $99.18 a barrel, after falling to $98.40 a barrel during the session. There are fears of a global economic slowdown Oil prices fell sharply on Tuesday, as restrictions were imposed to contain “Covid-19” … Read more

European embargo and end of Shanghai lockdown support oil prices

<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body=" ore rose Brent August delivery 35 cents, or 0.3%, to $115.95 a barrel by 0605 GMT. Crude contracts fell 1.7% at the settlement on Tuesday. And contracts for July delivery closed yesterday at $ 122.84 a barrel, an increase of one percent. and ascended raw West Texas Intermediate 37 cents, … Read more

The highest level in two months .. Oil prices jump above 120 dollars

<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body=" The rise in oil prices comes with observers expecting it to reach European Union A final agreement to ban Russian oil imports. By 16:16 GMT, Brent crude futures for July rose $1.35, or 1.1 percent, to $120.78 a barrel. The Brent contract for August also rose $1.27, or 1.1 percent, … Read more