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Oil’s Selloff on China COVID can send a barrel under $85 The new lockdowns in China caused by dirty COVID extended the sale of oil for the third consecutive day, which increased the probability that the US crude being pushed below $ 85 per barrel since the end of January. Brent crude, a global benchmark […]
Oil prices will remain high The Price of crude oil has been declining in recent weeks, as growing concern about an imminent global recession. But oil does not go as far as drivers around the world would like it to happen – or until politicians can be re-elected. Except for dramatic events of the destruction […]
Increased concerns regarding slowing economic growth and oil demand that redeem worries about tightening oil supplies have brought oil prices down on Monday. Brent crude futures came down 8 cents or 0.1% to $113.04 per barrel by 0242 GMT after a rise of 1% earlier. Front-month prices also came down 7.3% last week, which is […]
Is this any good news? Oil prices to decrease as OPEC+ decides on fulfilling the sales gap created by Russia with limiting the supply of oil. Will countries be able to reduce inflation? On Friday OPEC+ countries decides on increasing the oil supply by 648,000 barrels per day, resulted in the oil prices to decrease. […]