Oil prices turned lower during trading on Wednesday, while awaiting the release of official data on oil inventories in the United States. Crude prices had risen earlier in the trading, with the failure of the United States and a number…
Continue ReadingOil prices consolidated their gains by more than 2%, during trading on Tuesday, with West NYMEX crude rising above $78 a barrel, with the United States announcing the withdrawal of its strategic stockpile. And crude prices fell by more than…
Continue ReadingOil prices turned lower today, Monday, with Brent crude back below $79, with prices under pressure due to the determination of many countries to free up oil reserves. Japan said it is considering freeing up oil reserves, with the worsening…
Continue ReadingOil prices turned down more than 3%, during trading on Friday, as Brent crude fell below $79, with the strength of the US currency. Crude's performance comes on the heels of the US' call for major oil consumers for a…
Continue ReadingOil prices turned higher on Thursday, with Brent crude rising above $80 again, after falling earlier in the session, with major oil consumers heading to release strategic reserves. Today, Thursday, China announced its intention to release reserves, in the wake…
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