Trends - Brent crude - Business Recorder

Markets

Oil prices edge higher ahead of G7 talks on new Russian sanctions

LONDON: Oil prices edged higher on Monday in a volatile session as investors waited for any moves against Russian ...

Updated 27 Jun, 2022 06:07pm

Print

High energy prices could sink US stocks during earnings season

Sky-high oil prices pose yet another obstacle to US corporate earnings, and some on Wall Street are worried this...

Published 24 Jun, 2022 06:15am

Markets

Oil prices dive $2/barrel on fear Fed rate hikes will hurt demand

NEW YORK: Oil prices fell by more than $2 a barrel on Thursday in volatile trading as investors weighed the risk ...

Published 24 Jun, 2022 06:15am

Markets

Oil swings higher as tight supplies overshadow demand destruction

LONDON: Oil prices swung higher in volatile trading on Monday, as traders focused on tight supplies over slowing...

Published 21 Jun, 2022 05:51am

Markets

Oil rises as tight supply outweighs recession, China demand fears

LONDON: Oil prices rose on Tuesday as tight global supply outweighed worries that fuel demand would be hit by a...

Published 15 Jun, 2022 08:22am

Markets

Oil up 1%, supplies seen tighter as China relaxes COVID-19 curbs

NEW YORK: Oil prices rose about 1% in a seesaw session on Tuesday, with U.S. crude on track for a 13-week high on...

Updated 07 Jun, 2022 10:16pm

Markets

Oil tops $120 a barrel on Saudi pricing despite OPEC+ deal

NEW YORK: Oil prices were largely unchanged after choppy trade on Monday, buoyed by Saudi Arabia raising its July...

Published 07 Jun, 2022 05:47am

Markets

Oil edges higher as supply still seen tight after OPEC+ hike

LONDON: Oil edged higher on Friday, supported by expectations that OPEC’s decision to increase production targets...

Published 04 Jun, 2022 04:18am

Markets

Oil prices fall on prospect of OPEC offsetting Russian output loss

LONDON: Oil prices fell on Thursday on speculation that Saudi Arabia and other OPEC members may boost crude output...

Updated 02 Jun, 2022 03:51pm

Markets

Oil rises as EU to phase in Russian oil ban, Shanghai ends lockdown

NEW YORK: Oil prices strengthened on Wednesday after European Union leaders agreed to a phased ban on Russian oil ...

Published 02 Jun, 2022 06:19am

Markets

US oil may bounce to $116.93

SINGAPORE: US oil may bounce moderately to $116.93 per barrel, as its drop from the Tuesday high of $119.98 looks...

Published 01 Jun, 2022 10:06am

Markets

Oil extends bull run as EU agrees to ban most Russian oil

HOUSTON: Oil prices extended a bull run on Tuesday after the European Union agreed to a partial and phased ban on...

Published 01 Jun, 2022 05:53am

Markets

Oil climbs above $121 a barrel as China eases restrictions

LONDON: Oil prices climbed above $121 a barrel on Monday, hitting a two-month high as China eased COVID-19...

Published 31 May, 2022 05:11am

Markets

Oil edging higher supported by the prospect of a tight market

HOUSTON: Oil prices edged higher on Friday supported by the prospect of a tight market due to rising gasoline...

Published 28 May, 2022 05:11am

Markets

Brent could push past $150/bbl if Russian oil exports shrink: Bank of America

Global oil benchmark Brent crude could rise past $150 a barrel if there is a sharp contraction in Russian oil...

Published 27 May, 2022 04:49pm

Markets

Oil jumps 3% to 2-month high as EU seeks to ban Russian crude

NEW YORK: Oil prices rose about 3% to a two-month high on Thursday on signs of tight supply ahead of U.S. summer...

Updated 26 May, 2022 10:18pm

Markets

Oil edges higher on tight supply, surge in U.S. refining activity

NEW YORK: Oil prices rose on Wednesday, buoyed by tight supplies and as U.S. refiners drove processing activity to...

Updated 25 May, 2022 08:39pm

Markets

Oil rises on EU’s Russian oil ban effort, demand hopes

LONDON: Oil hit its highest in seven weeks on Tuesday, supported by the European Union’s ongoing push for a ban on...

Updated 17 May, 2022 01:43pm

Markets

Oil prices rise on China demand optimism, gasoline strength

NEW YORK: Oil prices rose on Monday on optimism that China would see significant demand recovery after positive ...

Published 17 May, 2022 05:39am

Markets

Oil jumps 4% as U.S. gasoline prices hit record high, stock markets soar

NEW YORK: Oil prices rose about 4% on Friday as U.S. gasoline prices jumped to an all-time high, stock markets...

Updated 13 May, 2022 10:27pm

Markets

Oil prices tumble over 5pc, weighed down by China lockdowns

NEW YORK: Oil prices sank over 5% on Monday alongside equities, as continued coronavirus lockdowns in China, the top...

Published 10 May, 2022 05:10am

Markets

U.S. fuel prices surge faster than crude as exports tighten market

NEW YORK: U.S. fuel prices have surged faster than crude oil prices in the last month, as the United States has...

Published 06 May, 2022 11:27am

Markets

Oil edges up on supply jitters as EU plans Russian oil ban

NEW YORK: Oil prices were flat to a little higher on Thursday as a stronger US dollar offset supply concerns after...

Updated 05 May, 2022 09:33pm

Markets

Oil jumps 4% as EU proposes ban on Russian oil

LONDON: Oil prices jumped on Wednesday as the European Union, the world’s largest trading bloc, spelled out plans to...

Updated 04 May, 2022 08:07pm

Markets

Oil turns positive on supply concerns, economic data

NEW YORK: Oil prices reversed course to trade in positive territory on Monday on fears supply might be crimped by a...

Published 03 May, 2022 03:47am

Markets

Oil prices rally on report that Germany drops opposition to Russian oil embargo

NEW YORK: Oil prices rallied on Thursday after reports that Germany is no longer opposed to an embargo on Russian...

Updated 28 Apr, 2022 09:40pm

Markets

Oil prices dip as Europe turns away from Russian oil, dollar soars

Oil prices dipped on Wednesday as a soaring dollar made barrels more expensive and Europe’s biggest economy Germany...

Updated 27 Apr, 2022 07:21pm

Markets

Oil rebounds on China’s plans to support its economy

HOUSTON: Oil prices rebounded in volatile trading on Tuesday as the market weighed China’s plans to support its...

Published 27 Apr, 2022 05:19am

Markets

Oil falls on growth concerns, Shanghai lockdown

HOUSTON: Oil slipped on Friday, burdened by the prospect of weaker global growth, higher interest rates and COVID...

Published 23 Apr, 2022 04:45am

Markets

Oil falls on growth concerns, Shanghai lockdown

HOUSTON: Oil slipped on Friday, burdened by the prospect of weaker global growth, higher interest rates and COVID...

Updated 22 Apr, 2022 08:54pm