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....
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)...
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...
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...
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...
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...
Crude prices recorded slight declines of about 0.25% in mid-trading on Tuesday, April 15, after the International Energy Agency warned of the impact of tariffs on energy prices, amid anticipation of today's US inventory figures from the American Petroleum Institute. Nymex crude fell by about 0.29%, trading at $61.35 a barrel, while Brent crude traded at $64.70 a barrel, down...
in the middle of Thursday's trading session, following strong gains on Wednesday following Trump's decision to suspend tariffs. The price resumed its negative trend this morning, coinciding with the escalation of trade tensions between China and the United States. Nymex crude oil fell by approximately 2.34% to $60.89 a barrel, while Brent crude oil fell by approximately 2.28% to $63.99...
Crude oil prices continue to rise for the third consecutive session in the middle of the European session today, Tuesday, February 11, after concerns about Russian and Iranian oil supplies increased, with crude oil recording gains exceeding 2.5% since the beginning of the week, amid anticipation in the markets for the initial inventory figures from the American Petroleum Institute this...
Crude prices are trading higher in the middle of today's trading session, Thursday, February 6, after sharp declines yesterday, Wednesday, while concerns continue about tensions from the trade war and customs tariffs between the world's largest exporters and importers of crude oil, as Brent crude rises by about 0.77% per barrel and is trading at $75.18 per barrel, while US...