Trends - Brent crude oil - Business Recorder

Markets

Oil prices jump but still on track for third weekly fall

HOUSTON: Oil prices jumped on Friday but were set for a third straight week of losses after sharp declines earlier...

Updated 05 May, 2023 08:59pm

Markets

Brent oil may bounce into $74.36-$74.99 range

Brent oil may bounce into a range of $74.36-$74.99 per barrel, as it has found a strong support of $71.67. The...

Published 04 May, 2023 10:53am

Markets

Oil steady after smaller ECB hike, demand concerns linger

LONDON: Oil prices were stable after the European Central Bank (ECB) decided on Thursday to slow interest rate...

Updated 04 May, 2023 07:34pm

Business & Finance

Oil slumps 5pc to five-week low amid US debt default fears

NEW YORK: Oil prices sank about 5% to a five-week low on Tuesday on concerns about the economy as US politicians...

Published 03 May, 2023 06:35am

Markets

Asia naphtha crack tumbles

NEW DELHI: Asia’s naphtha market plunged to a more than three-month low on Wednesday as weaker prices of...

Published 20 Apr, 2023 06:30am

Markets

Russian rouble continues slide amid demand for foreign currency

The Russian rouble opened down on Monday, continuing last week’s decline, which saw the currency hit lows unseen...

Published 10 Apr, 2023 02:02pm

Markets

Brent oil may bounce further into $75.89-$76.43 range

Brent oil may bounce further into $75.89-$76.43 per barrel, due to the completion of a five-wave cycle. The cycle...

Published 22 Mar, 2023 10:13am

Markets

Oil up 1% despite crude build, as dollar weakens ahead of Fed rate move

NEW YORK: Oil prices rose about 1% to a one-week high on Wednesday despite a surprise weekly build in U.S. crude...

Updated 22 Mar, 2023 09:09pm

Markets

Oil rises for second day as banking fears ease for now

HOUSTON: Oil rose on Tuesday, extending a recovery from a 15-month low hit the previous day, as the rescue of Credit...

Updated 21 Mar, 2023 08:53pm

Markets

Brent oil may retest support at $71.29

Brent oil may retest a support at $71.29 per barrel, a break below which could open the way toward $68.99-$70.41...

Published 20 Mar, 2023 10:32am

Markets

Brent oil may test support at $73.59

Brent oil may test a support at $73.59 per barrel, a break below which could be followed by a drop to the Wednesday...

Published 17 Mar, 2023 10:40am

Markets

Oil rises on demand hopes as banking fears ease

LONDON: Oil prices firmed on Friday as a meeting between Saudi Arabia and Russia calmed markets and after support...

Updated 17 Mar, 2023 05:02pm

Markets

Brent oil may revisit Wednesday low of $71.67

Brent oil may revisit its Wednesday low of $71.67, driven by a powerful wave c. This wave has briefly extended below...

Published 16 Mar, 2023 10:52am

Markets

Oil regains some ground after Credit Suisse lifeline

LONDON: Oil prices clawed back some ground on Thursday, recovering from the previous session’s 15-month lows, as...

Updated 16 Mar, 2023 05:31pm

Markets

Brent oil may test resistance $78.73

Brent oil may test a resistance at $78.73, a break above which could open the way towards $79.61-$80.32 range. The...

Published 15 Mar, 2023 11:08am

Markets

Oil hits lowest in more than a year as banking fears mount

LONDON: Oil extended its slide on Wednesday, falling 4% and hitting its lowest in more than a year as unease over...

Updated 15 Mar, 2023 09:52pm

Markets

Russian sanctions shift oil price-making power to Asia from Europe

LONDON: Western sanctions on Russian and Iranian oil have channelled cheap fuel to Asia and in the process eroded a...

Published 14 Mar, 2023 12:00pm

Markets

Brent oil may retest support at $78.73

Brent oil may retest a support at $78.73, a break below could open the way towards $77.31. The sharp bounce...

Published 14 Mar, 2023 11:29am

Markets

Brent oil may test resistance at $83.74

Brent oil may test a resistance at $83.74, a break above could lead to a gain to $84.45. The strong bounce on March...

Published 13 Mar, 2023 10:46am

Markets

Crude oil prices slide $4 as banking fears rattle markets

LONDON: Oil prices fell $4 on Monday along with equities as the collapse of Silicon Valley Bank raised fears of a...

Updated 13 Mar, 2023 06:10pm

Markets

Aramco’s Nasser says oil market tightly balanced

DUBAI: Aramco’s chief executive Amin Nasser said on Sunday the market would remain tightly balanced in the short to...

Published 12 Mar, 2023 07:09pm

Markets

Oil prices set for 5% weekly drop on US rate hike jitters

LONDON: Oil fell for a fourth session on Friday, heading for its biggest weekly loss in five weeks on worries about...

Updated 10 Mar, 2023 06:44pm

Markets

Brent oil may bounce to $83.58

Brent oil may bounce to $83.58 per barrel, as its drop slowed on Wednesday. The fall from $86.75 has been linear,...

Published 09 Mar, 2023 01:00pm

Markets

Oil steadies as French strike and weaker dollar balance recession fears

LONDON: Oil steadied on Thursday after a two-day decline as strike-disrupted fuel supply in France, a drop in U.S....

Updated 09 Mar, 2023 07:51pm

Markets

Oil extends losses as rate hike concerns spur sell-off

LONDON: Oil prices fell sharply on Wednesday, extending Tuesday’s losses, driven by fears that more aggressive U.S....

Updated 08 Mar, 2023 08:06pm

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