Commodities: Oil prices fall, pushed down by concerns about persistent US inflation

Oil prices on world markets are falling today and have reached their lowest level in 11 days. They are reacting to assumptions that US shale oil production in May will likely show the largest monthly increase in more than two years. Brent crude fell as low as $54.76 a barrel during the day, the lowest since April 7.

Oil prices are rising significantly today and are at their highest level since the end of May. They are reacting to an unexpectedly strong drop in its US stocks and the outage of a major refinery on the East Coast of the United States.

Oil prices added about a percent today and are the highest in nearly three months. Wednesday’s U.S. inflation data suggested interest rates in the world’s largest economy could be near their peak.

Oil prices are showing mixed results today. They are reduced by concerns about the effects of the spread of the new coronavirus from China and the news of an increase in US oil stocks. They are being pushed up by the fact that the Organization of the Petroleum Exporting Countries (OPEC) is considering extending production cuts until at least June.

Oil prices on the world market remain almost unchanged today. Traders are awaiting a meeting of mining nations in Vienna on Friday, where a decision could be made on extending the deal to curb supply.

The price of Brent North Sea oil this afternoon due to signs of weaker demand in the European market significantly…

Oil prices are falling today. However, Brent North Sea crude remains close to $67 per barrel, and raw material prices are likely to close the week with a profit. In the mood of the market, the influence of the economic recovery of China and the United States prevails over the increase in new cases of infection with the coronavirus.

Oil prices are unchanged at the beginning of the week. Concerns about supply disruptions from fighting in the Middle East have faded, and demand in China is falling.

Oil prices edged lower today as skepticism over OPEC+’s latest deal to cut output continued to push them down. Brent North Sea crude was down about 0.7 percent at $78.30 a barrel around 5:45 p.m. CET. U.S. West Texas Intermediate (WTI) crude oil was down about 0.9 percent at $73.40 a barrel.

Oil prices are slightly lower today, having fluctuated during the session. They are being pushed down by signs of sufficient supply, including a build-up in inventories in the United States. They are helped up by the hope of an economic recovery and higher demand in China, where activity in the manufacturing sector increased by leaps and bounds in February.

Oil prices fall after Monday and morning gains. They are being pushed down by a stronger dollar and a lower likelihood that the European Union would agree to ban Russian oil imports to punish Moscow for invading Ukraine.

Oil prices are falling today. Investors fear an increase in cases of the coronavirus. They are also waiting for the outcome of negotiations on the stimulus package, which was presented by the Republicans in the US Senate on Monday.

Oil prices are falling at the beginning of the week. Investors are also evaluating the situation in the Middle East, where diplomatic efforts are intensifying in an attempt to limit the conflict between Israel and the radical Hamas movement.

Oil prices moved both ways today, falling in the afternoon on fears of economic uncertainty and a strong dollar. These factors overpowered the growth impulse, which was the imposition of a price cap on Russian oil and the prospect of increased demand in China. Brent North Sea crude briefly fell below $80 a barrel.

Oil prices are falling today, erasing previous gains. A massive increase in fuel inventories in the United States overshadowed a larger-than-expected drawdown in oil inventories. Brent North Sea crude was down 1.4 percent around 18:45 CET, falling below $77.20 a barrel. At the same time, US West Texas Intermediate (WTI) also depreciated by 1.4 percent to equal $71.70 per barrel. During the day, both Brent and WTI lost two percent, after both added about three percent on Wednesday.

Oil prices are falling amid uncertainty over the future of production by the OPEC+ group, made up of the Organization of the Petroleum Exporting Countries and its allies led by Russia. At a two-day meeting that ended today, the group confirmed a previously announced output hike for August but did not discuss plans for September.

Oil prices are lower today due to renewed concerns about the development of demand. Last week, on the other hand, the price of oil increased significantly, as a result of the tension between the United States and Iran. However, fears of an imminent conflict between the two countries began to subside, Reuters wrote.

Oil prices continue to fall today due to concerns about the negative impact of the slowdown in global economic growth on fuel demand. Brent North Sea crude lost nearly 1.7 percent to $94.57 per barrel around 5:15 p.m. CET. U.S. West Texas Intermediate (WTI) crude oil was down about 1.8 percent at $89.47 a barrel.

Oil prices are slightly down today. The market is affected by concerns about the impending sanctions of the European Union against Russian oil, along with concerns about demand in connection with the pandemic shutdown in China, but also a strong dollar and the growing risk of recession.

Oil prices are falling today, as the hope of a recovery in fuel demand in China is being undermined by the rise in the number of cases of infection with the coronavirus. Brent North Sea crude lost roughly 1.4 percent shortly after 5:30 p.m. CET and was slightly above $82 per barrel. U.S. West Texas Intermediate (WTI) crude oil fell 1.3 percent to below $78 a barrel.