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Tag Archives: oil prices

Oil prices rise as supply concerns persist

New York, U.S. | Xinhua | Oil prices advanced on Friday as concerns over tighter supplies remain on the market. The West Texas Intermediate for June delivery added 4.36 U.S. dollars, or 4.1 percent, to settle at 110.49 dollars a barrel on the New York Mercantile Exchange. Brent crude for July …

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Oil prices climb amid Libya outages

Libya outages coupled with the ongoing Ukraine crisis deepened fears about tight supplies New York, U.S. | Xinhua | Oil prices rose on Monday as reports of outages in Libya intensified concerns over supply risks. The West Texas Intermediate for May delivery added 1.26 U.S. dollars, or 1.2 percent, to settle …

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Oil prices jump as OPEC warns of supply risks

OPEC Secretary-General Mohammad Barkindo says prices as being driven not by fundamentals but primarily by political factors at present New York, U.S. | Xinhua | Oil prices surged on Tuesday after the Organization of the Petroleum Exporting Countries (OPEC) warned of severe supply risks if Russian oil is fully banned. The West …

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At what point do oil prices trigger a U.S. recession?

Washington, U.S. | Xinhua | The United States could see a recession if rapidly rising oil prices hit a crucial tipping point, economists have warned. Oil prices are surging worldwide, and the conflict in Ukraine has exacerbated numerous factors that have already caused record price hikes, according to experts. Bernard Baumohl, …

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