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International benchmark Brent declined in European trade on Monday, sharpening losses for the second straight session and plumbing a two-week trough amid concerns about weak demand in China, the world’s largest fuel consumer. The losses were stymied by growing geopolitical tensions as all sides fail to reach a ceasefire agreement...
International benchmark Brent rose in European trade on Monday, maintaining gains for the third straight session and hovering near four-week highs after the OPEC+ coalition extended production cuts until the end of the second quarter. Saudi Arabia, OPEC’s top producer, also extended its voluntary 2-million bpd production cut until the...
International benchmark Brent rose in American trade on Monday, holding above two-week lows as the dollar lost ground. Prices are under pressure from renewed concerns about global demand due to prospects of global central banks maintaining high interest rates for an extended duration this year. Prices Brent rose 0.4% to...
International benchmark Brent rose on Monday on track for the third profit in a row, moving near three-week highs on concerns about supply disruptions due to growing geopolitical tensions in the Middle East. Prices are also boosted by hopes of improving demand on fuel in China, the world’s largest oil...
International benchmark Brent lost 1.5% on Monday on track for the first loss in six days away from two-week highs on profit-taking. Prices slipped after remarks by Saudi energy minister on the readiness to raise or cut production according to market needs, while asserting Riyadh’s commitment to maintain stable and...
International benchmark Brent fell 2% in American trade on Monday away from recent two-month highs in Asian trade on profit-taking. Prices are also pressured by a stronger dollar against a basket of major rivals ahead of the Federal Reserve's policy meeting this week. Geopolitical tensions are deteriorating in the Middle...
International Benchmark Brent lost 2% in European trade and moved off two-week highs on track for the first loss in three days on profit-taking. Traders remain convinced that the current conflict in the Middle East won't really impact oil supplies worldwide. Prices are also pressured by a stronger dollar against...
International benchmark Brent rallied 2% in American trade on track for the first profit in four sessions away from a two-week low, as Red Sea tensions grow once again. Iran recently sent a war ship to the Red Sea after the US Navy destroyed boats belonging to the Yemeni Houthi...
International benchmark Brent rose on Monday for the fourth straight day, hitting two-week high as Red Sea tensions increase. The Houthi group in Yemen continue to launch attacks on commercial ships in the Red Sea, raising concerns about oil supply disruptions. Prices are also boosted by a plan presented by...
International benchmark Brent rose on Monday on track for the third straight profit away from recent six-month lows on active short-covering. Prices are also boosted as the US government prepares to fill up its strategic crude reserves. Brent Price Today Brent rose 1.1% to $76.45 a barrel, with a session-low...
International benchmark Brent fell on Monday for the fourth straight session to below $80 a barrel amid demand concerns in the US, the world's largest fuel consumer. Now investors await OPEC+ meeting later this week, which could result in a deal to deepen and extend supply cuts until 2024. Brent...
International benchmark Brent lost over 1% on Monday, resuming losses after a two-day hiatus, rebounding from four-month lows on global demand concerns. Such concerns are persisting due to weak Chinese data, and a potential US policy tightening measure in December. Brent Brent fell 1.1% to $80.45 a barrel, after rising...