News
September 8, 2024
Oil prices were on a sharp weekly decline on Friday as demand concerns in China and US outweighed a delay to supply increases by OPEC+ producers.
August 25, 2024
Despite the drop in oil prices last week, the price of oil went up in the last two days of the week.
Despite gains on Thursday and Friday, oil prices have faced downward pressure throughout the week on fears of a slowdown in economic growth in China.
August 4, 2024
Oil prices fell on Friday, hitting their lowest levels since January, following the release of weak economic data from the United States and China. At their […]
July 22, 2024
Oil prices fell by over $2 on Friday, settling at their lowest level since mid-June. Investors were focused on the possibility of a ceasefire in Gaza, and a strengthened dollar further pressured prices downward.
July 8, 2024
Despite the drop in oil prices on Friday, Oil is now at the highest level since April with Brent crude adding some 9% over the past four weeks.
June 23, 2024
Oil prices fell slightly on Friday but were on track for a second consecutive weekly rise due to signs of improving demand and declining oil and […]
June 10, 2024
Oil prices edged down on Friday and posted a third straight weekly loss.
May 18, 2024
Crude oil prices climbed on Friday, poised for a weekly gain—the first in three weeks—driven by signs of robust demand from economic reports in key markets, improving global demand, and slowing inflation in the United States, the world's top oil consumer.
April 28, 2024
Oil prices boosted due to geopolitical tensions and supply concerns. This is the first positive week in the past three.