Tag Archives: oil prices

Washington, U.S. | Xinhua | The United States could see a recession if rapidly rising oil prices hit a crucial tipping point, economists have warned. Oil prices are surging worldwide, and the conflict in Ukraine has exacerbated numerous factors that have already caused record price hikes, according to experts. Bernard Baumohl, …

Russia accounted for more than 40 percent of natural gas and 30 percent of crude oil imported by the EU in 2019 Brussels, Belgium | Xinhua | Oil prices in Europe have been surging since the start of the conflict in Ukraine amid fears that the European Union (EU) may ban …

New York, U.S. | Xinhua | Oil prices jumped on Thursday as supply worries returned to the market. The West Texas Intermediate (WTI) for April delivery added 7.94 U.S. dollars, or 8.4 percent, to settle at 102.98 dollars a barrel on the New York Mercantile Exchange. Brent crude for May delivery …

Hopes of a ceasefire in Ukraine are behind the slide in oil and gas prices New York, U.S. | Xinhua | Oil prices tumbled on Tuesday as concerns over supply disruptions eased. The West Texas Intermediate (WTI) for April delivery lost 6.57 U.S. dollars, or 6.4 percent, to settle at 96.44 …

Volatility in the oil market is caused by geopolitical developments rather than changes in market fundamentals New York, U.S. | Xinhua | Oil prices surged again on Wednesday after major oil producers decided to stick to modest output increase despite supply fears amid the Russia-Ukraine conflict. The West Texas Intermediate (WTI) …

New York, U.S. | Xinhua | Oil prices surged on Monday with Brent benchmark ending above 100 U.S. dollars a barrel, as investors assessed the impact of the latest sanctions against Russia. The West Texas Intermediate (WTI) for April delivery added 4.13 U.S. dollars, or 4.5 percent, to settle at 95.72 …

New York, U.S. | Xinhua | Oil prices finished higher on Thursday with both the U.S. crude benchmark and Brent exceeding 100 U.S. dollars a barrel in intraday trading, as traders assessed geopolitical tensions over Ukraine. The West Texas Intermediate for April delivery added 71 cents to settle at 92.81 U.S. …

New York, U.S. | Xinhua | Oil prices dropped on Thursday as investors assessed geopolitical risks. The West Texas Intermediate for March delivery lost 1.9 U.S. dollars, or 2 percent, to settle at 91.76 dollars a barrel on the New York Mercantile Exchange. Brent crude for April delivery decreased 1.84 dollars, …

New York, U.S. | Xinhua | Oil prices advanced on Wednesday amid concerns over the supply side. The West Texas Intermediate (WTI) for February delivery added 1.53 U.S. dollars, or 1.8 percent, to settle at 86.96 dollars a barrel on the New York Mercantile Exchange. Brent crude for March delivery increased …

New York, U.S. | Xinhua | Oil prices climbed on Tuesday as investors grew concerned over rising geopolitical tensions. The West Texas Intermediate (WTI) for February delivery added 1.61 U.S. dollars, or 1.9 percent, to settle at 85.43 dollars a barrel on the New York Mercantile Exchange. Brent crude for March …