Thursday, April 18, 2024
MARKET UPDATE
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Tag "Brent Crude"

Houthi attacks: Oil price rises by 3% as BP halts shipments via Red Sea

    Houthi attacks: Oil price rises by 3% as BP halts shipments via Red Sea

Brent crude oil price rose by 3.16 percent on Monday amid reports BP, a British oil and gas company, halted all shipments through the Red Sea. The decision was made

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Brent crude falls by 3%, sells at $74 per barrel

    Brent crude falls by 3%, sells at $74 per barrel

Brent crude, global oil benchmark, fell by 3.48 percent to $74.32 a barrel on Wednesday — plunging to the lowest since June 2023. The price of Brent crude had closed

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Iran to Islamic nations: Impose oil embargo on Israel over airstrikes in Gaza

    Iran to Islamic nations: Impose oil embargo on Israel over airstrikes in Gaza

Iran has proposed an oil embargo on Israel in retaliation to the country’s military action in Gaza, which has become the battleground in the Israel and Hamas war. On Tuesday,

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Brent crude reaches $97 a barrel amid fears of tight global oil supply

    Brent crude reaches $97 a barrel amid fears of tight global oil supply

Oil price, on Thursday, jumped to $97 a barrel.  The price of Brent crude, global oil benchmark, jumped 3.6 percent to $97 a barrel — up from the $94.30 the

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Oil price nears $95 a barrel amid fears of supply deficit

  Oil price nears $95 a barrel amid fears of supply deficit

Oil price, on Monday, recorded an upswing to nearly $95 a barrel. Brent crude rose 0.38 percent to $94.30 a

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Fears of tighter global supply push oil price to $83 a barrel

  Fears of tighter global supply push oil price to $83 a barrel

Oil price, on Thursday, rose to $83 a barrel. Brent crude, the global oil benchmark, rose 0.75 percent to trade

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Oil price rises to $77 a barrel — first time in six weeks

  Oil price rises to $77 a barrel — first time in six weeks

Oil prices rose marginally on Friday amid supply concerns in the global oil market. Brent crude rose by 1.7 percent

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Oil price rises to $76 a barrel ahead of OPEC+ meeting

  Oil price rises to $76 a barrel ahead of OPEC+ meeting

Oil prices rose on Friday ahead of the meeting of the Organisation of Petroleum Exporting Countries (OPEC) ministers and their

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Oil price falls to $75 a barrel amid demand fears in US, China

  Oil price falls to $75 a barrel amid demand fears in US, China

Oil prices fell on Friday as renewed economic concerns in the United States and China (two main oil consumers) raised

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Oil price rises to $86 a barrel as IEA forecasts record-high demand

  Oil price rises to $86 a barrel as IEA forecasts record-high demand

Oil prices increased on Friday, after the International Energy Agency (IEA) predicted that a record-high global demand would be reached

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