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Tag: Brent

Oil prices pick up on U.S. inflation slowdown

wangxiao07/13/20230

NEW YORK, July 12 (Xinhua) — Crude oil futures prices extended gains on Wednesday thanks to optimism from cooling down in U.S. inflation and less worries on impacts of monetary tightening.
The West T

Oil prices gain on improving demand outlook

wangxiao06/17/20230

NEW YORK, June 16 (Xinhua) — Crude oil futures prices extended gains on Friday due to improvement in oil demand outlook.
The West Texas Intermediate (WTI) for July delivery added 1.16 U.S. dollars, o

Oil prices drop to 3-month low on U.S. banking turmoil, inflation worries

wangxiao03/15/20230

Oil derricks operate in Three Rivers, Texas, the United States on Feb. 24, 2022. (Photo by Nick Wagner/Xinhua)The oil weakness came as traders were worried that U.S. regional banks\’ problems may have

Oil prices rise amid China demand hopes

wangxiao03/01/20230

NEW YORK, Feb. 28 (Xinhua) — Oil prices climbed on Tuesday as traders bet on rising demand from China.The West Texas Intermediate for April delivery gained 1.37 U.S. dollars, or 1.81 percent, to sett

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