Posts Tagged ‘Crude oil price’
Gold and Oil News - March 8, 2025 20:00
Oil Markets Respond to OPEC+ Production Signals as Prices Find Support
Brent crude prices recovered Friday, surging close to 3% after lingering around $71 a barrel since Russia hinted OPEC+ might rethink its output plans. Before the market’s rapid bullish response had been weeks of falling prices since mid-January, when concerns about oversupply and economic growth prospects first weighed on traders’ minds. Russian Deputy Prime Minister Alexander Novak […]
Oil Prices Gain Some Ground Due to Iraqi / Kurdistan Stand Off
On Tuesday, crude oil prices increased slightly, continuing their significant gains from the prior day due to the risk of supply disruptions from Iraqi Kurdistan and optimism that the uncertainty in the banking sector has reduced. The arguments escalated last week, causing the Iraqi government to halt oil exports from Kurdistan to Turkey. This action […]
Oil Prices Remain High With Russian Ban Looming
Friday brought another rise in Oil prices with a gain of around 4%, as record high prices were seen in US Gasoline. Investors are still rightly concerned that supplies will tighten if the EU does indeed go ahead and ban Russian imports. This was the third consecutive weekly increase in Oil prices, and also the […]
Crude Oil Crosses $98 on Thursday on Better than Expected Inventory Data
Crude oil futures contract crossed the level of $98 per barrel on Thursday on positive inventories and jobs data. According to the latest numbers given by US Energy Information Administration crude oil inventories declined by 900,000 barrels for the week ending July 1st, 2011, whereas analysts forecasted the decline of 2.5 million barrels. Principal at […]
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