crude oil prices weekly forecast

Oil rises over $1 after US dollar weakens to 1-week low; Brent hits $84/bbl ahead of OPEC+ policy verdict

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Oil rises over $1 after US dollar weakens to 1-week low; Brent hits $84/bbl ahead of OPEC+ policy verdict

Crude oil prices rose by more than $1 per barrel on Tuesday, May 28, on the expectations that the Organization of the Petroleum Exporting Countries and allies (OPEC+) will maintain the current crude supply curbs, while a weaker US dollar made the commodity more attractive to holders of other currencies. The July contract for global … Read more

Oil records longest losing streak in 5 months on hawkish US Fed policy, demand worries; Brent down 2% at $82/bbl

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Oil records longest losing streak in 5 months on hawkish US Fed policy, demand worries; Brent down 2% at $82/bbl

The Brent crude July contract rose 76 cents to $82.12 a barrel. The more-active August contract closed up 73 cents at $81.84. US West Texas Intermediate (WTI) crude futures settled 85 cents, or 1.1 per cent, higher to $77.72. On Thursday, Brent closed at its weakest since February 7 and US WTI futures at their … Read more