Oil prices fell on Tuesday, August 30, due to fears that the weakness of global economies caused by inflation would lead to a decline in demand for fuel, as well as Iraqi exports not being affected by the ongoing clashes there. Brent crude futures for October delivery fell $4.60, or 4.38%, to $100.58 a barrel, … Read more
US natural gas futures prices rose about 7% to their highest level in 14 years on Tuesday, supported by the increase in international gas prices and the decline in production in the United States. At the close of Tuesday’s session, gas contracts for September delivery on the NYMEX rose 6.9%, or 60.1 cents, to $9.329 … Read more
US crude prices gave up their gains when settling the trading session on Tuesday, May 31, due to a Wall Street Journal report that some OPEC members are studying the idea of suspending Russia’s participation in the production agreement. Oil prices received support throughout most of the session from the European Union’s decision to ban … Read more
Oil prices rose to a two-month high on Monday as traders waited to see if the European Union would reach an agreement on a Russian oil embargo ahead of a meeting related to the sixth package of sanctions against Moscow over the war in Ukraine. Brent crude futures for July rose more than a dollar … Read more
Oil prices fell when they settled on Tuesday, May 17th, due to reports that America will ease some restrictions on the Venezuelan government. Prices fell after they jumped earlier in the session to their highest level in seven weeks, and continued losses after the statements of Jerome Powell, Federal Reserve Chairman, as he stressed that … Read more