Oil rises as the International Energy Agency raises its forecast for demand growth in 2022

After the International Energy Agency raised its forecast, oil prices are rising, exceeding two dollars. Rising natural gas prices have shifted some consumers to oil Oil prices closed more than two dollars higher on Thursday, after the International Energy Agency raised its forecast for oil demand growth for this year. The rise in natural gas … Read more

Oil price falls due to fears of recession

Due to fears of recession and the restrictions imposed by China to combat Corona, oil prices fell by one dollar in Monday’s trading. Oil prices are down about one dollar Oil prices fell about $1, on Monday, in volatile trading, after concerns about a recession and China’s restrictions to combat “Covid-19” outweighed continuing concerns about … Read more

Oil rises despite the “OPEC +” plan to increase production

Oil prices rose today, Friday, supported by expectations that the decision of “OPEC” to increase production targets, slightly more than planned, will not significantly affect the scarce supply in the markets. Oil rises despite the “OPEC +” plan to increase production Oil prices rose today, Friday, supported by expectations that… OPEC’s decision to increase target … Read more

Oil prices fall due to global economic concerns

<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body=" By 01:53 GMT, prices for . have fallen Raw brent 28 cents, or 0.3 percent, to settle at 112.11 dollars a barrel. As for West Texas Crude The American mediator amounted to 109.36 dollars a barrel, down 41 cents, or 0.4 percent, according to Archyde.com. CMC Markets analyst Tina Teng … Read more