Trends - Brent crude oil - Business Recorder

Markets

Brent oil may extend gains into $87.05-$87.49 range

Brent oil may extend gains into a range of $87.05-$87.49 per barrel, as it has broken a resistance at $85.91. The...

Published 07 Mar, 2023 10:35am

Markets

Oil edges lower on stronger dollar and weak Chinese data

LONDON: Oil prices edged lower on Tuesday as a stronger U.S. dollar and weak oil data from top crude importer China...

Updated 07 Mar, 2023 06:10pm

Markets

Brent oil may fall into $84.06 to $84.77 range

Brent oil may fall into a range of $84.06 to $84.77 per barrel, following the weird surge from the March 3 low of...

Published 06 Mar, 2023 10:36am

Markets

Oil down on China outlook, spotlight on possible rate hikes

LONDON: Oil prices fell on Monday after China set a lower-than-expected target for economic growth this year at...

Updated 06 Mar, 2023 07:26pm

Markets

Oil prices slump after report on UAE debating OPEC exit

LONDON: Oil prices slumped on Friday after the Wall Street Journal reported that the United Arab Emirates had an...

Updated 03 Mar, 2023 07:54pm

Markets

Oil rises on Chinese demand but European rate hike fears weigh

NEW YORK: Oil rose on Thursday on signs of a strong economic rebound in top crude importer China, but fears over the...

Updated 03 Mar, 2023 07:33am

Markets

Oil pares gains on European rate hike fears

LONDON: Oil prices pared early gains on Thursday as signs of a strong economic rebound in top crude importer China...

Updated 02 Mar, 2023 08:13pm

Markets

Oil rebounds about 2pc on China growth hopes

NEW YORK: Oil prices rose about 2% on Tuesday, erasing the previous session’s losses, as hopes for a strong...

Published 01 Mar, 2023 07:19am

Markets

Brent oil may revisit Feb. 24 low of $81.07

Brent oil may revisit its Feb. 24 low of $81.07 per barrel, as a bounce from the previous day has ended. The bounce...

Published 28 Feb, 2023 10:30am

Markets

Oil steadies on China growth hopes

Oil prices were steady in Asian trade on Tuesday, supported by hopes a solid economic rebound in China will drive up...

Published 28 Feb, 2023 10:12am

Markets

Oil slips 1pc on worries about more US interest rate hikes

NEW YORK: Oil prices slid about 1% on Monday as strong US economic data had investors bracing for more interest rate...

Published 28 Feb, 2023 07:13am

Markets

Oil gains as Russian output cuts offset rising U.S. inventories

LONDON: Oil prices extended gains for a second session on Friday as the prospect of lower exports from Russia offset...

Updated 24 Feb, 2023 06:27pm

Markets

Oil prices firm, but rise in US inventories looms

LONDON: Oil prices firmed on Thursday after Brent crude posted its biggest one-day loss for seven weeks in the...

Updated 23 Feb, 2023 06:02pm

Markets

Brent oil may bounce moderately before falling

Brent oil may bounce to $83.95 per barrel before turning around and falling towards the Feb. 17 low of $81.80. The...

Published 20 Feb, 2023 09:00am

Markets

Oil unlikely to break above $100/bbl this year, J.P.Morgan says

Brent oil prices are unlikely to breach the $100 a barrel level this year, barring any significant geopolitical...

Published 17 Feb, 2023 03:27pm

Markets

Oil steady on mixed US economic data

NEW YORK: Oil prices fluctuated in a narrow range on Thursday as the market weighed mixed US economic signals and...

Published 17 Feb, 2023 06:00am

Markets

Brent oil may retest support of $84.03

Brent oil may retest a support of $84.03 per barrel, a break below which could open the way towards $82.86. The deep...

Published 15 Feb, 2023 09:50am

Markets

Brent oil neutral in $85.19-$86.63 range

Brent oil looks neutral in a range of $85.19-$86.63 per barrel, and an escape could suggest a direction. The...

Published 14 Feb, 2023 10:01am

Markets

Oil prices fall after US crude release and inflation data

LONDON: Oil prices fell on Tuesday after the US government said it would release more crude from its Strategic...

Updated 14 Feb, 2023 08:02pm

Markets

Oil edges higher as market weighs Russian supply cuts amid demand fears

HOUSTON: Oil prices edged higher on Monday, rebounding from early losses as investors weighed Russia plans to cut...

Published 14 Feb, 2023 05:58am

Markets

Brent oil may retest support at $85.19

Brent oil may retest support at $85.19 per barrel, a break below which could open the way towards the $82.86-$84.03...

Published 13 Feb, 2023 10:58am

Markets

Brent oil may retest support at $83.18

Brent oil may retest support at $83.18 per barrel, a break below which could open the way towards $81.74. The drop...

Published 10 Feb, 2023 11:32am

Markets

Oil rises for third day as interest rate concerns ease

LONDON: Oil rose for a third straight day on Wednesday as investor concern over U.S. interest rates eased somewhat...

Updated 08 Feb, 2023 08:00pm

Markets

Saudi Arabian shares drop on lower oil prices; Egypt rises

DUBAI: Saudi Arabian stock market closed lower on Sunday, in response to fall in oil prices on Friday amid concern...

Published 06 Feb, 2023 07:14am

Markets

Brent oil may retest resistance of $82.98

Brent oil may retest a resistance of $82.98 per barrel, a break above which could lead to a gain into $83.60-$84.22...

Published 03 Feb, 2023 09:54am

Markets

Asia’s crude oil imports hit record high, but it’s not China: Russell

LAUNCESTON: Asia’s imports of crude oil reached a record high in January, but the strength wasn’t driven by China,...

Published 02 Feb, 2023 11:52am

Markets

Brent oil may test support of $82.10

Brent oil may test a support of $82.10 per barrel, a break below which could open the way towards $80.45. The...

Published 02 Feb, 2023 11:45am

Markets

Oil steady as Russian oil products ban looms, dollar falls

LONDON: Oil prices were steady on Thursday as looming sanctions on Russian oil products added uncertainty over...

Updated 02 Feb, 2023 08:45pm

Markets

Oil prices tick up ahead of Fed, OPEC decisions

LONDON: Oil prices ticked up as the market is looking towards a meeting of OPEC and its allies as well as a Federal...

Updated 01 Feb, 2023 06:02pm

Markets

Brent oil may bounce into $86.38-$87.05 range

Brent oil may bounce into a range of $86.38-$87.05 per barrel, before falling again. The drop on Monday confirmed a...

Published 31 Jan, 2023 10:14am