Oil prices are rising after a sharp decline due to the interest rate hike

2023-05-06 09:23:20 Oil prices rise ahead of interest rate hike decisions, due to fears of the banking crisis and inflation in the United States, and fears of a decline in oil demand. Brent crude recorded $75.30 a barrel, and US West Texas Intermediate crude increased $2.78 to reach $71.34 a barrel. Oil prices rose, yesterday, … Read more

Most of the Gulf stock exchanges declined, affected by the drop in oil prices

The decline in global oil prices, and expectations of raising US interest rates, lead to a decline in most stock exchanges in the Gulf countries, since oil prices are the main catalyst for the Gulf financial markets. Most of the Gulf stock markets closed the day with varying declines Most of the Gulf stock markets … Read more

Oil drops 2%, with expectations that the disruption to US Gulf supplies will soon end

After expectations related to Gulf of Mexico supply disruptions in the United States and stagnation fears in demand, oil prices are down about 2%. Oil drops 2%, with expectations that the disruption to US Gulf supplies will soon end Oil prices fell nearly 2% on Friday, on expectations that Gulf of Mexico supply disruptions in … 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