Tag #Oil Prices

Showing 145 to 156 of 183 results

theglobeandmail.com
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Oil Prices Rise on Sanctions, Stockpile Draw

U.S. sanctions on Russian oil, coupled with a decrease in U.S. crude oil stocks, drove up global oil prices on Wednesday; Brent crude reached $80.57 per barrel, while West Texas Intermediate hit $78.29, amidst uncertainty about the sanctions' full impact.

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theglobeandmail.com
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US Sanctions on Russian Oil Send Brent Crude Prices Soaring

Widespread US sanctions on Russian oil, impacting 1.7 million barrels per day (25% of exports), caused Brent crude to surge above $80 a barrel on Monday, its highest since August, driven by expected supply disruptions to major buyers in India and China.

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mk.ru
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Ruble Weakens Further in 2024: Analysts Predict Continued Depreciation

The Russian ruble weakened against the dollar by 12.5% in 2024, primarily due to decreased oil prices, reduced mandatory currency sales, and geopolitical factors; analysts predict further depreciation but at a slower rate in 2025.

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forbes.com
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US Sanctions on Russia Send Oil Prices to Three-Month Highs

On Friday, oil prices climbed to three-month highs due to tighter US sanctions on Russia, impacting its oil exports to Asia; Brent crude reached $80.67 per barrel, and WTI hit $77.74, driven by several factors including OPEC+ production cuts and increased Northern Hemisphere energy demand due to col...

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theglobeandmail.com
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Global Markets Mixed Amidst Await of Key Economic Data

Global markets displayed mixed trends on the anticipation of key economic data releases such as the upcoming U.S. jobs figures which will guide the Federal Reserve's decisions, alongside concerns about tighter Russian and Iranian oil supplies.

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theguardian.com
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Global Markets Rise Despite Year-End Jitters

In 2024, global stock markets rose due to falling inflation and robust US economic growth, but year-end saw rising bond yields and market jitters; the US tech sector boomed, with Nvidia leading the way, while the UK and European markets performed more modestly.

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theglobeandmail.com
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US Sanctions on Russian Oil Exports Cause Slight Dip in Global Oil Prices

On Tuesday, oil prices fell slightly to \$80.65 per barrel (Brent) and \$78.58 (WTI) after reaching four-month highs, impacted by new U.S. sanctions on Russian oil exports to India and China, targeting Gazprom Neft, Surgutneftegas, and 183 tankers; however, the market anticipates Russia and buyers t...

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es.euronews.com
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US Imposes Sweeping Sanctions on Russia's Oil Sector

The Biden administration imposed extensive sanctions on Russia's oil sector, targeting major companies, opaque traders, and 183 vessels, aiming to curb oil exports and further isolate Russia economically; this caused a 3.5% spike in WTI crude and a 2.9% increase in Brent crude.

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theglobeandmail.com
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Biden Administration Imposes Sweeping Sanctions on Russia's Oil and Gas Sector

The Biden administration announced sweeping sanctions against Russia's oil and gas industry on Friday, targeting companies, tankers, and trade networks to reduce Russia's war funding and strengthen Ukraine's position in potential peace negotiations; the move follows similar but less extensive measur...

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it.euronews.com
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Crude Oil Prices Surge Amidst Geopolitical Tensions and Strong Demand

Crude oil prices hit a high since October 14, reaching $77.32 per barrel for Brent and $74.61 for WTI, driven by supply concerns from Russia and Iran, increased US and European demand, and decreased US oil inventories.

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forbes.com
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Four Smaller Oil Stocks Outperform Majors Amidst Rising Oil Prices

The prices of four smaller oil stocks—Dorchester Minerals, Golar, Gulfport Energy, and ProPetro Holdings—have risen, reaching new or six-month highs, in correlation with a recent upward trend in oil prices, despite major oil companies lagging; this contrasts with the recent performance of major oil ...

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theglobeandmail.com
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Oil Prices Set for Second Consecutive Annual Decline in 2024

Oil prices are set to fall for a second year in 2024, despite a slight uptick on Tuesday, due to weak Chinese demand, rising global supply, and the delayed increase in OPEC output; Brent crude is down 3.4% year-on-year, while WTI is down 0.4%.

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Showing 145 to 156 of 183 results