Browsing Tag

oil prices

Oil prices drop by 0.5%

Oil prices dropped by around 0.5% on Monday, with West Texas  Oil (WTI) trading below $72 a barrel and Brent crude below $74 a barrel, amid worries over a slowdown in global oil demand after some countries posted record daily increases and…

Brent Crude trades at $75 per barrel

Brent crude futures were trading around $75 a barrel on Tuesday, buoyed by optimism over strong demand recovery and the breakup of Iran nuclear talks without an agreement.   Ebrahim Raisi, who is subject to US sanctions, won the…

Brent Crude falls below $68

Brent crude futures dropped more than 1% to below $68 a barrel on Tuesday, after OPEC+ revised oil demand for the second quarter lower by 300,000 bpd. Still, the organization expects demand to rise by 5.95 million bpd this…