Category: Petroleum Daily

Oil prices were higher today as US PPI came in a lot lower than expected

Oil prices were lower today, settling down as the US dollar traded higher and some Chinese cities reported record Covid rates

Oil prices rose on Friday, up $2.49 cents per barrel to close at $88.96 per barrel on the back of China relaxing COVID travel restrictions and signaling that their economy would soon return to normal. Brent traded up US$2.32 cents per barrel to close at US $95.99 per barrel. Gasoline closed up $4.3 cents per […]

Oil prices rose today after a few days of declines buoyed by better-than-expected inflation numbers that lifted financial markets across the board. The CPI came in at 7.7%, which despite being relatively high is an improvement from the last few months. This number could signal a softening to come from the world’s central banks. “(Consumer […]

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Oil prices slid on Tuesday on China demand worries and the U.S. midterm elections.

Oil prices fell on Monday, paring gains after rising to more than two-month highs, on mixed signals over China

Oil prices rallied today amid uncertainty of future interest rates hikes and a looming EU ban on Russian oil.

Oil prices were down today, as China stands by its zero Covid policy

Oil prices rose again today, gaining ground despite other risk assets coming off following the Feds decision