Oil prices deepened their losses to about 1.5%, during Monday's trading, under pressure from expectations of increased supplies and reduced demand amid rising energy costs. This comes as investors remain concerned about the strong dollar amid signs of accelerating inflation…
Continue ReadingOPEC oil production rose by about 217,000 barrels per day during the past month, and most of the increase came from Saudi Arabia, Venezuela, the United Arab Emirates and Kuwait, according to the quotas agreed upon within the OPEC +…
Continue ReadingOil prices turned higher, during trading today, Thursday, with Brent crude exceeding the level of $ 83, with the release of the monthly OPEC report. Crude prices fell earlier in trading, on fears that accelerating inflation in the United States…
Continue ReadingCrude oil saw gains after concerns over a potential release from the US strategic petroleum reserve dissipated, with the US Energy Information Administration forecasting that the market will become oversupplied early next year, Australia's ANZ Bank said in a Wednesday…
Continue ReadingBoosted by a $1 trillion U.S. infrastructure bill, global stock markets held the line close to their all-time highs on Tuesday but investors were reluctant to commit further to the rally before getting a clearer picture of the surge in…
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