oil prices

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Oil soars as sanctions on Russia mount

Oil soars as sanctions on Russia mount

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 …

Brent oil price soars to $105

Brent oil price soars to $105

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 nears $100

Brent oil price nears $100

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 …

Azerbaijani oil price nears $101

Azerbaijani oil price nears $101

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 …

Oil down over rising investor appetite for profit-taking

Oil down over rising investor appetite for profit-taking

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 climb more than 1% to 7-year highs

Oil prices climb more than 1% to 7-year highs

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 slips from seven-year high

Oil slips from seven-year high

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 …

Urals price surpasses $95 per barrel first since 2014

Urals price surpasses $95 per barrel first since 2014

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 …

OPEC+ Can Do Little To Stave Off $100 Oil

OPEC+ Can Do Little To Stave Off $100 Oil

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 oil reaches $100 per barrel

Azerbaijani oil reaches $100 per 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 …

Brent oil price exceeds $92

Brent oil price exceeds $92

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 …

Brent oil exceeds $91 per barrel first since October 2014

Brent oil exceeds $91 per barrel first since October 2014

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 …

Urals oil price exceeds $93/bbl for first time in 7 years

Urals oil price exceeds $93/bbl for first time in 7 years

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 falls after Brent crude surges to $90

Oil falls after Brent crude surges to $90

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 …

IMF changes oil prices forecast for 2022

IMF changes oil prices forecast for 2022

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 prices slip from 2014 highs, supply concerns limit losses

Oil prices slip from 2014 highs, supply concerns limit losses

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 …