Brent crude

Brent Crude Price Jumps To $94 As Oil Market Rallies
18 Sep

Brent Crude Price Jumps To $94 As Oil Market Rallies

wontumionlineBusiness
Brent price jumped to $94 per barrel as the oil market rallied further on Friday amidst tight global supply concerns and a positive demand outlook from China, the world’s biggest oil importer. China’s annual CPI reading moved back into positive territory and new loans improved, traders are seemingly cautious about the outlook so are refusing to get carried away with the figures. Oil prices have also been tearing higher again in recent weeks, aided by the Saudi/Russian decision to extend output restrictions until the end of the year. Brent is now trading around $90 where it has stalled over the…
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Oil Prices Fall Below $90; Fuel Prices May Go Down On September 16
08 Sep

Oil Prices Fall Below $90; Fuel Prices May Go Down On September 16

wontumionlineBusiness, , , ,
Oil prices have fallen below $90 dollars per barrel on the world market, following fears of global economic recession. This could cause a reduction in fuel prices at the pumps on September 16, 2020 if the trend continues. Brent crude futures sold at $88 a barrel, falling below the 90 dollars a barrel for the first time since February 8, 2022. Analysts believe the slowing demand for the commodity in Europe, cut in production by Organisation of the Petroleum Exporting Countries (OPEC), coupled with interest rates hike by Central Banks are some of the major factors influencing the fall in oil…
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