Wed, March 29, 2023

Commodities

Oil pump photo

Oil prices remain high as Iraq-Kurdistan tensions halt exports

Oil held its highs as tensions between Iraq and the Kurdistan region halted exports, while expectations for the fallout from the banking crisis dampened. West Texas Intermediate futures climbed to nearly $73 per barrel on Monday, following a 4.8% surge after recently dipping. A legal disagreement between Iraq, Kurdistan and Turkey has halted the production …

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Oil prices and interesting details

Oil prices rise amidst banking system fears and nuclear tensions

Oil prices advanced as investors weighed efforts by authorities to contain fears about the global banking system. At the same time, the Russian president’s plans to deploy tactical nuclear weapons in Belarus raised tensions in Europe. Brent crude oil futures rose $1.13, or 1.49%, to $76.12 a barrel. West Texas Intermediate American crude oil advanced …

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The Eu’s Oil Embargo Risks Escalating Already High Inflation

Oil prices rise as Credit Suisse bailout eases fears

Oil prices advanced from 15-month lows earlier in the day as Credit Suisse’s bailout eased fears of global banking sector turmoil that could weigh on economic growth and fuel demand. After initial volatility on Monday, sentiment in financial markets increased following UBS’s takeover of Credit Suisse. Brent oil prices advanced by 52 cents, or 0.72%, …

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Oil Rises On Tight Supply Moves

Oil prices firm despite banking crisis: OPEC+ meeting in focus

Oil prices were firm on Friday after a meeting between Saudi Arabia, and Russia cheered markets amid expectations of stronger Chinese demand. Still, it edged toward its biggest weekly decline since December as the banking crisis rattled global financial and oil markets. Brent crude futures were up $1.12 at $75.78 a barrel, up 1.5% on …

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oil

Russia and Saudi Arabia continue cooperation in oil policy

The leaders of the OPEC + coalition, Russia and Saudi Arabia, agreed to continue close cooperation in oil policy in the group during the visit of the Saudi foreign minister to Moscow. All countries participating in this format are scrupulously fulfilling their obligations to maintain their proper place and stability in the global energy market. …

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