US EditionOil Prices Set to End the Week Flat Amid Conflicting Signals
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5 Articles
Oil Prices Set to End the Week Flat Amid Conflicting Signals
Crude oil prices recouped some of the losses they booked on Thursday today but looked set to end the week with little change, amid tariff worries, OPEC+’s decision to boost supply, and a threat of a diesel shortage in key markets, and the prospect of fresh U.S. sanctions on Russian energy. At the time of writing, Brent crude was trading at $69.16 per barrel, with West Texas Intermediate at $67.16 per barrel, both slightly up from opening, after …
Oil Updates — prices steady as investors weigh duller market outlook
LONDON: Oil prices were stable on Friday, as investors weighed a weaker market outlook for this year by the International Energy Agency despite tightness in the prompt market, in addition to tariff concerns and possible further sanctions on Russia. Brent crude futures were up 19 cents, or 0.28 percent, at $68.83 a barrel as of 11:07 a.m. Saudi time. US West Texas Intermediate
The North Sea Crude, of reference in Europe, closed transactions in the Intercontinental Exchange to $1.72 over $68.64 with which it closed transactions on Friday. Brent closed the week in high, recovering the losses of the previous session above the $70 barrier per barrel, with investors to assess a short-term market closed to the excess of the offer provided by the International Energy Agency (IAE) in 2025.
Oil prices rose by more than 2% on Friday, while investors weighed short-term market shortages with a possible large surplus this year, according to the International Energy Agency (IEA), while U.S. tariffs and possible sanctions on Russia were also targeted. Brent crude futures rose by $1.72, or 2.51%, to $70.36 a barrel. US crude West Texas Intermediate (WTI) earned $1.88, or 2.82%, to $68.45 a barrel. Brent accumulated a rise of about 3% a we…
Oil prices, destabilised. Inflation, profits and new geopolitical tensions. International markets have been exhausted yesterday, after President Donald Trump announced new commercial tariffs that caused rapid reactions. Petroleum prices have decreased, investors are increasingly concerned about the long-term economic and geopolitical effects. Oil prices, destabilized Petrolul suffered decline [...]
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