Demand
May 5, 2025
Ahead of the OPEC+ meeting, oil prices recorded their largest weekly decline in a month. Brent crude futures settled at $61.29 a barrel while U.S. West Texas Intermediate (WTI) crude futures settled at $58.29 a barrel on friday.
January 19, 2025
Although #oil prices declined on the last day of the week, they recorded growth for the fourth consecutive week, driven by relatively optimistic #economic data from #China, as well as rising expectations of oil supply disruptions following U.S. sanctions on Russia's crude oil trade.
December 2, 2024
Following the announcement of a ceasefire between Israel and Hezbollah and analysts' forecasts of increased supply in 2025, oil prices declined this week despite the onset of tensions in Syria.
November 11, 2024
Although oil prices ended the week on an upward trend, they experienced a noticeable decline on Friday due to reduced concerns about the impact of Hurricane Rafael on oil and gas infrastructure in the U.S.