The price of Brent oil, the benchmark for Europe, surpassed the threshold of $ 85 per barrel on Friday for the first time since 2018, fueling pressures on energy prices and inflation.
However, after the opening of the markets of the Old Continent, the price of a barrel of Brent crude eased slightly…
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oil price
Oil prices rebound as OPEC discusses production cuts
Oil price continues to climb to maximum levels since the beginning of January 2020, after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, the group known as OPEC +.
In this way, the price of a barrel of Brent…
Oil price rises after Chinese industrial production increase
Oil prices rose on Tuesday after the growth reached by China's industrial production and the prospect of hurricanes that threaten the Gulf of Mexico which could also affect demand.
"Expectations about a vaccine against Covid-19 and…
Oil price rebounds and exceeds 40 dollars
The price of oil registered a further increase, thus reaching its highest level since the beginning of March, just before the pandemic spread massively in Europe and the 'black gold' registered negative prices for the first time in its…
Brent price suffered a new decrease
This Friday the cost of a barrel of Brent oil fell by 0.39% in price to reach 27.71 dollars.
After several weeks of uncertainty, when the price of Brent was seen to drop considerably due to the coronavirus, this trend continues despite the…
Oil registers its worst fall since 1991
During the night of Sunday, March 8, oil prices registered one of its worst falls since 1991.
Everything came after Saudi Arabia shocked the market with the start of a "price war" against its former ally, Russia.
This caused US oil to…
Economic recession increases in financial markets
Oil prices have registered their worst fall on Monday, March 9, which is the most important since the 1991 Gulf War. An additional reason is the fear of COVID-19 that has become a "catalyst" of the world economy, as stated by Shen…
Oil price hit by the consequences of coronavirus
The price of oil fell more than 3% on Monday due to the growing impact of the coronavirus outbreak in the city of Wuhan (China), which also caused the main Chinese stock markets to collapse on their first business day since last January 23,…