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Petroleum trading

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Weak commodities indicators: Oil prices fall 3%

On Tuesday, oil prices fell to their lowest level since late March. According to the disappointing Chinese economic data, predictions of interest rates rose significantly. The US Federal Reserve and the European Central Bank (ECB) expressed concerns about sufficient supply this week. Brent crude slid $2.41, or 3.04%, to $76.90 a barrel by 1404 GMT. …

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global commodities

Oil prices are down: Economic concerns increase

Oil prices fell as the short-covering surge spurred by OPEC+’s unexpected output goal drop ended. Oil prices fell as the short-covering surge spurred by OPEC+’s unexpected output goal drop ended. Therefore, global economic fears prompted a wave of profit-taking and new short sells. Within the time period of the previous seven days until April 25, …

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Oil prices rose

Oil prices fell as potential U.S. interest rate hikes could slow growth

Oil prices retreated as a potential U.S. interest rate hike, which could slow growth and pause oil consumption, weighed on strong economic data from China. Brent crude futures were down $1.83, or 2.23%, at $82.94 a barrel, while West Texas Intermediate was down $1.83. The U.S. Federal Reserve is likely to make another interest rate …

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Oil Rises On Tight Supply Moves

Oil prices steadied as the market waited for U.S. inflation data

Oil prices held steady as the market awaited the U.S. inflation report later in the day, which will greatly impact the Federal Reserve’s policy on raising interest rates. Brent crude oil prices were up 14 cents, or 0.2%, at $85.76 a barrel, while U.S. West Texas Intermediate was up 10 cents, or 0.11%, at $81.64 …

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Crude oil jumps on IEA supply shortfall warning

Oil prices rose, continuing the recent positive tone

Oil prices advanced, meaning they continued their recent positive tone, ahead of the industry’s data on weekly U.S. crude inventories as well as easing U.S. inflation. U.S. crude futures advanced 0.92% to $80.43 a barrel, while Brent futures advanced 0.52% to $84.63 a barrel. The American Petroleum Institute will release its weekly statistics on U.S. …

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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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Oil rises as U.S. Gulf coast ready for new storm

Oil prices fall, despite signs of improved China demand

Oil fell, paring earlier gains, as signs of heavy supply, and a rise in U.S. crude inventories countered expectations of higher demand from China. The American Petroleum Institute reported that U.S. crude stockpiles increased by 6.3 million barrels in the week concluding on Feb. 24, preceding the Energy Information Administration’s official supply data. Brent crude …

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