Prices fell slightly on Wednesday, as an industry survey showed that crude inventories in the U.S. rose, confirming concerns about a glut in the market.Tuesday’s price rise was due to a tight diesel market as Russia cut diesel exports U.S. crude inventories rose by 4.45 million barrels for the week ended Nov. 14. Gasoline inventories…
Crude prices fell on Monday as crude oil loading resumed at Russia’s Novorossiysk port.Ukraine attacked the Novorossiysk port and a nearby Caspian Pipeline Consortium terminal on Friday. The damage caused by the attack has halted about 2% of global oil exports, sending Brent and WTI prices up more than 2%. While global oil markets are…
US crude inventories rose by 1.3 million barrels in the week ended November 7, according to market sources on Wednesday, citing data from the American Petroleum Institute. Gasoline and distillate inventories fell, citing API data. Prices fell more than $2 a barrel on Wednesday after the Organization of the Petroleum Exporting Countries (OPEC) said global…
Oil prices rose in Asian trading on Monday due to the US government shutdown. Last week, prices fell by approximately 2% due to concerns about an oversupply of oil and declining global demand. Now that prices have fallen, some investors have done “bargain buying” and prices have risen again. A strong US dollar also affected…
Oil prices rose slightly in Asian markets on Friday. This was due to a slight depreciation of the US dollar. When the dollar is weak, foreign buyers can immediately buy goods (such as oil) that are sold in dollars, which leads to a slight increase in prices. By 2025, the alliance of oil-producing countries known…
Crude oil prices fell 2.73% to 5,887 as markets reacted to rising global trade tensions and an unexpected increase in US oil supplies. The new US tariffs could hurt the global economy and reduce crude demand. The president confirmed a 10% base tax on imports and added new taxes of up to 41% for countries…
Oil prices rose in Asia on Wednesday. This was mainly due to the trade deal between the US and Japan and falling US oil supplies. In the past three days, oil prices have been falling. This is due to trade tensions between the US and the European Union and concerns about US tariffs starting on…
Crude prices fell sharply in Asia on Monday after OPEC+ said it would increase crude output more than expected next month. At the same time, markets also watched US trade talks. President Donald Trump said he might delay new tariffs from July 9 to August 1, as investors focused on trade issues. Oil prices rose…
Oil prices fell in Asian markets on Monday as concerns about Middle East supply problems began to fade. The main reason for the decline was an expected increase in OPEC+ oil production. Traders had previously reduced the “risk premium” they had added due to tensions between Iran and Israel. Now that those tensions have eased…
Crude oil prices fell 0.73% to 5,295 after the United States reported an unexpected increase in crude oil supplies before the summer, which will increase demand. Instead of drawing as expected, US crude oil inventories rose by 1.3 million barrels, the Energy Information Administration (EIA) said. Tensions in the Middle East, especially fears that Israel…
