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Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports. Brent crude rose $4.16, or 4.3%, to …
Oil surged above $105 a barrel for the first time since 2014. Brent crude rose 8.64%, to $105.21 a barrel at 13:21 (MSK), and U.S. West Texas Intermediate (WTI) crude jumped 7.68%, to $99.17 a barrel. OPEC+ meets on March 2 to …
Brent oil price surged close to $100 on Tuesday. Brent crude, the global benchmark, was up $3.38, or 3.5%, at $98.77 at 10:00 GMT, having earlier reached $99.50, the highest since September 2014. U.S. West Texas Intermediate …
The price of futures contracts of Brent crude oil for April 2022 delivery gained 2.19% on London's ICE on Tuesday, reaching $97.48 per barrel, according to trading data as of 04:35 am Moscow time. As of 04:38 am, the price of Brent …
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $3,13 to trade at $100,76. The price of Azerbaijani oil has exceeded $100 for the first time since September …
Undersupply meets surging demand
Oil prices fell on Tuesday as investors booked profits from the highest oil price levels in almost eight years, although concerns over tighter supply due to tensions in Ukraine limited losses. International benchmark Brent crude was …
Oil prices on Monday hit their highest in more than seven years. Brent crude futures was at $95.61 a barrel by 0506 GMT, up $1.17, or 1.2%, after earlier hitting a peak of $96.16, the highest since October 2014. U.S. West Texas …
Oil slipped towards $90 a barrel on Tuesday ahead of the resumption of indirect talks between the United States and Iran, which could revive an international nuclear agreement and allow more oil exports from the OPEC producer. Brent …
The price of Russia’s Urals export oil in Europe exceeded $95 per barrel during February 4 trading for the first time since September 2014, according to the international price agency Argus. The Urals price in Northwestern Europe …
Oil prices bounced around on Monday in see-saw trading, with some investors taking profits after signs of progress in the U.S.-Iran nuclear talks while others kept bullish sentiment bolstered by rising consumption amid ongoing supply …
It is hard to see oil taking a bearish turn right now, with benchmark Brent crude trading at about $90 a barrel and U.S. benchmark West Texas Intermediate at around $88 a barrel, …
Azerbaijani Azeri Light oil brand rose on the world market by $4.23 (4.44%) to $99.03. In addition, in the Turkish port of Ceyhan, the price of Azeri Light rose by $4.23 to $98.39 per barrel. It should be noted that the …
Oil closes in on $100 a barrel as European storage sites hit by cyber attacks Brent Crude oil continued its push to $100 a barrel on Friday despite a string of cyber attacks on European storage sites this week. Oil prices were …
Oil prices climbed on Friday, extending sharp gains in the previous session as frigid weather swept across large swathes of the United States, threatening to further disrupt oil supplies. Brent crude rose 34 cents, or 0.4%, to $91.45 a …
Prices of the Russian oil export blend Urals in Europe are above $93 per barrel for the first time in seven years, the international price agency Argus said. Urals growth followed that of the Brent oil, which crossed the $91 benchmark …
Oil posted its sixth straight weekly gain, with prices trading near a seven-year high as crude makes a roaring start to 2022, …
Oil fell from a seven-year high after the U.S. Federal Reserve signaled that it would soon start raising interest rates to quell inflation, denting investors’ appetite for risk assets including commodities. WTI declined after …
The International Monetary Fund (IMF) noted that the average oil price in 2022 is expected to increase by 11.9% compared to 2021 to $77.31 per barrel. At the same time, next year, oil prices will decrease by 7.8% to $71.29 per barrel, …
Oil slipped on Thursday as investors took profits following a month-long rally in prices, but strong demand and short-term supply disruptions continue to support prices close to their highest levels since late 2014. Brent crude futures …
