Oil prices extended their gains to about 2.5% during trading on Friday, with US crude rising above $80 a barrel. The rise came after the OPEC + alliance rejected a US call to increase supplies, and maintained plans for a…
Continue ReadingOil prices rose in trading today, Monday, at the beginning of the week’s trading, to continue reaping gains, in conjunction with the increase in demand for crude, and the energy crisis that hits a number of major economies. The rise…
Continue ReadingOil prices turned lower, during trading today, Friday, with the strength of the US currency, but crude is heading to achieve gains for the third week in a row, after a noticeable increase during the past 3 sessions. Crude prices…
Continue ReadingOffshore oil companies have reopened nearly half of the oil production that was shut down due to Hurricane Ida, which hit Port Fourchon, Louisiana, two weeks ago. According to the Bureau of Safety and Environmental Enforcement, offshore oil operators have…
Continue ReadingFTSE increases despite a slowdown of UK economic growth in July. The Baker Hughes rig count is a key indicator for WTI oil. The FTSE is rising, but the UK economy is slowing. The FTSE is expected to have a…
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