Oil markets

2 June، 2025

Crude oil prices rose more than 2% at the start of trading in the European session today, Monday, June 2, the opening session of the week, after OPEC+ decided to increase production less than expected over the weekend. This supported crude oil markets, in addition to rising geopolitical tensions related to Ukraine and Iran. Brent crude rose by about 2.18%,...

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28 May، 2025

Crude oil prices are recording some gains in mid-trading on Wednesday, May 28, after two consecutive sessions of decline since the beginning of the week, influenced by market expectations of a further increase from OPEC+ at its meeting early next week. Crude oil is benefiting today from Chevron's decision to ban crude exports from Venezuela and some additional factors amid...

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22 May، 2025

Crude oil prices fell more than 1.5% in mid-trading on Thursday, May 22, affected by reports indicating that OPEC+ is discussing increasing production, raising concerns about oversupply. Meanwhile, inventory figures showed a surprise increase, with US crude (NYMEX) falling about 1.59% to trade at $60.59 a barrel, while Brent crude traded at $63.90 a barrel, down about 1.56%. A report...

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20 May، 2025

After rising for two consecutive sessions since the beginning of the week, crude oil prices recorded some declines in mid-European trading today, Tuesday, May 20, amid continued uncertainty stemming from the US-Iranian negotiations and the Ukrainian-Russian peace talks. Stock figures are awaiting further developments, with Brent crude falling by about 0.23%, trading at $65.39 per barrel, while US crude (NYMEX)...

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7 May، 2025

Crude oil prices fell by more than 1% in mid-US trading on Wednesday, May 7, reversing gains from the Asian session and early European session. This was due to a rebound in risk appetite and investors' focus on the US-China trade talks. Market concerns over supply and rising production returned to dominate investor sentiment hours before the Federal Reserve meeting....

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5 May، 2025

Crude oil prices fell more than 2% at the start of trading in the European session on Monday, May 5. Both crudes lost nearly $3 at the opening bell after the OPEC+ decision, which was held early Saturday and approved a significant increase in production. Brent crude fell by about 2.20%, trading at $59.95 per barrel, while US crude (NYMEX)...

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1 May، 2025

Crude oil prices fell more than 2% in mid-European trading today, Thursday, May 1, marking the fourth session of declines after reports indicated that Saudi Arabia may announce another production increase in June. Brent crude fell by about 2.19%, trading at $59.61 per barrel, while US crude (NYMEX) traded at $56.83 per barrel, down about 2.37%. A Bloomberg report indicated...

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29 April، 2025

Crude oil prices fell by more than 1% in mid-European trading today, Tuesday, April 29. This is the second consecutive session of declines, after losing nearly 1.5% in the opening session of the week yesterday, Monday. This comes amidst the lack of clarity regarding trade negotiations, ongoing tensions, and investors lowering their expectations for oil demand growth amid anticipation of...

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23 April، 2025

Crude oil prices erased their gains from Tuesday, trading more than 2% lower in mid-session trading on Wednesday, April 23, affected by the desire of some OPEC+ countries to increase production. Inventories also rose slightly, with US crude (NYMEX) falling about 2.05% to trade at $62.25 a barrel, while Brent crude traded at $66.09 a barrel, down about 1.90%. A...

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17 April، 2025

Crude oil prices recorded gains for the second consecutive session during mid-European trading today, Thursday, April 17, heading for weekly gains, the first in April, benefiting from concerns about Iranian supplies. Brent crude rose by about 0.80%, trading at $66.37 per barrel, while US crude (NYMEX) traded at $63.09 per barrel, up about 1.00%. The US Energy Information Administration report...

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