Fuel & Oil Update – 6 April
On Monday, Brent crude oil surged by $5 per barrel to trade near $85 per barrel, increasing almost 6% after Saudi Arabia and other OPEC+ producers announced new production cuts.
Fuel & Oil Update – 24 March
Earlier this week, crude oil prices rebounded more than 2% following a drop to a 15-month low on the previous day, as Credit Suisse’s rescue mitigated worries of a banking crisis that could harm economic growth and reduce fuel consumption.
Fuel & Oil Update March 2023
Industry commentators predict that oil prices will increase throughout 2023 due to rising demand in China. Data analytics firm Refinitiv has forecasted a Brent crude rise to above $100 per barrel by the end of the year, while others have predicted increases between March and May, a time oil prices usually rise.
Fuel & Oil Update – Feb 2023
Last week was quiet on the data front, reflected in the rates, as GBP traded within a tight range. GBP/USD touched 1.2344, the…
Fuel & Oil Update – January 2023
Last week was quiet on the data front, reflected in the rates, as GBP traded within a tight range. GBP/USD touched 1.2344, the…
Fuel & Oil Update – December 2022
Oil prices slumped following the introduction of the embargo because traders had already factored in both the EU…