Oil prices rise 1%, and Brent crude is above $101 Oil prices rose by more than 1%, during trading today, Friday, July 15, 2022, after US statements that an immediate increase in Saudi oil production is not expected, following US…
Continue ReadingDeutsche Bank (Germany's bank) warned that the aggravation of the gas crisis in Germany may prompt citizens to return to using wood for heating to face the severe cold during the coming winter. According to analysts' warnings, some homes will…
Continue ReadingConsumer inflation in the United States has reached its highest annual rate since 1981. Consumer prices in the United States rose 9.1 % in June, the largest annual increase in more than four decades, as gasoline, food, and rent remained…
Continue ReadingOil prices fell by more than 3% during trading today, Tuesday, July 12, 2022, with the increase in infections with the new Corona virus in China, the largest importer of crude in the world. And the Covid-19 injuries in China…
Continue ReadingOil prices rose, during trading today, Thursday, July 7, 2022, to regain some of the large losses incurred during the previous two sessions. Investors refocused on limited supplies, in conjunction with continuing fears of a global recession, after inflation in…
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