Bearish Mood Drags Oil Prices towards Mid-$50 Mark!

Oil prices appear to be trending toward the mid-fifty dollar mark, a trajectory many analysts predicted months ago. As of 11:37 GMT on Wednesday, West Texas Intermediate (WTI) was priced at $57.09 and Brent crude at $62.23. The price continues its steady decline despite a reported fall in US crude s…

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⛽ Crude Oil Price Stagnation Amid Global Trade Tensions

The price stagnation of crude oil continues amid evolving tariff issues between the United States, the world's largest economy, and the rest of the world. As of Monday at 15:00 GMT, WTI and Brent, the two main benchmarks, were recorded at $60.30 and $64.28 respectively. Although the US and China,…

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⛽ Oil Prices Fall Despite Venezuela Jitters

Global oil prices dropped on Friday before the weekend close, recording a second consecutive week of losses. As of 18:00 GMT, WTI crude stood at $59.75 and Brent at $63.63 per barrel. This decline occurred despite analyst predictions that the lingering threat of U.S. action against Venezuela would c…

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'Off-Year' elections in United States: will it be a litmus test for President Trump's policies?

The US is holding 'off-year' elections that occur between the Presidential and mid-term elections. On the eve of these contests, President Trump issued a bleak assessment of potential outcomes via his Truth Social platform. This move appears to pre-empt any damage to his image should the re…

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