Oil is declining, pressured by demand fears and raising US interest rates

Oil prices are falling more than 3%, amid pressure on demand, due to increasing cases of coronavirus in China, and fears of greater increases in US interest rates. Brent crude futures fell $3.08, or 3.3%. Oil prices fell more than 3% today, Thursday, amid pressure on demand, due to increasing cases of coronavirus in China, … Read more

Oil rises on settlement and supply problems overwhelm fears of slowing demand

Oil prices rose slightly in volatile trading, as fears of tight supplies outweighed fears of slowing global demand due to a strong dollar and potentially large interest rate increases. Brent crude for November delivery rose 65 cents Oil prices rose slightly in volatile trading on Monday, as fears of tight supplies outweighed fears of slowing … Read more

What happened to oil prices within a week? .. Recording the largest quarterly losses since the beginning of Corona

published Organization of Arab Petroleum Exporting Countries (OAPEC)Weekly developments in global oil markets, in light of the Russian-Ukrainian crisis, as crude oil futures prices fell for the third week in a row, heading towards recording the largest quarterly losses in percentage since the beginning of the Covid-19 pandemic in 2020. Oil prices were negatively affected … Read more

Oil prices drop about 1% after US inflation data

Oil prices fell nearly 1% on Tuesday, giving up earlier gains, as US inflation unexpectedly rose in August. Oil prices closed down about 1% Oil prices closed nearly 1% lower on Tuesday, giving up earlier gains, as US inflation unexpectedly rose in August, providing an excuse for the US Federal Reserve to make another big … Read more