March 29, 2024
Business

After a decrease in US stocks, oil prices have begun to recover from 6-month lows

Oil prices increased on Wednesday, recovering from six-month lows reached the previous day, as investors were reminded by an unexpectedly huge decline in US oil and gasoline supplies that demand is still strong, despite being overshadowed by the possibility of a worldwide recession. By 04:15 GMT, Brent crude futures were up 56 cents, or 0.6%, […]

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Business

Oil prices have fallen to their lowest levels since the invasion of Ukraine as recession fears grow

BRITAIN/NEW YORK: The price of crude oil fell on Thursday to its lowest level before Russia invaded Ukraine in February as traders worried that there would be an economic crisis later this year that would undermine demand for energy. Benchmark After reaching a mid-session low of $93.20, the lowest since February 21, Brent oil futures […]

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Business

After falling to nearly a 6-month low, oil prices are beginning to rise due to supply concerns

On Thursday, oil prices increased as supply concerns led to a recovery from multi-month lows reached the previous day as a result of sluggish gasoline demand indicated by US statistics. West Texas Intermediate (WTI) crude futures were recently up 21 cents, a 0.2 percent gain, at $90.87, while Brent crude futures increased 10 cents, or […]

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