ShreeMetalPrices: Oil prices spiked to $84.60 per barrel, concerns about U.S. winter storms
Oil prices increased in sluggish trade on Tuesday, owing to concerns about winter storms in the U.S. are disrupting logistics and shale oil production.By 0120 GMT, Brent crude Oil prices had increased with 73 cents, or 0.9%, to $84.60 per barrel, but U.S. West Texas Intermediate crude had increased with 85 cents, or 1.1%, to […]
Oil prices drop Due to Recession Concerns and China COVID issues.
On Tuesday, An increase in oil price declines of more than 1%, adding to losses of almost 2% from the previous day as concerns about global demand were increased by recession fears and a spike in COVID-19 cases in China. On Monday, Kristalina Georgieva, the managing director of the International Monetary Fund, and World Bank […]