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FRIDAY LIVE CRUDE OIL NEWS UPDATED BY WWW.WINCOMMODITY.COM

Oil prices extended losses on Friday, burdened by the prospect of interest rate hikes, weaker global growth and COVID-19 lockdowns in China hurting demand, even as the European Union weighed a ban on Russian oil.

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WEDNESDAY LIVE CRUDE OIL NEWS UPDATED BY WWW.WINCOMMODITY.COM

Oil prices rose on Thursday as concerns about supply due to a potential European Union (EU) ban on Russian oil came to the fore, days after diminished supplies from Libya rocked the market.

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WEDNESDAY LIVE CRUDE OIL NEWS UPDATED BY WWW.WINCOMMODITY.COM

Oil prices rebounded on Wednesday from sharp losses in the previous session as concerns about tighter supplies from Russia and Libya dominated, while industry data showed a drop in U.S. crude inventories last week.

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TUESDAY LIVE GOLD NEWS UPDATED BY WWW.WINCOMMODITY.COM

Gold retreated on Tuesday morning in Asia, after hitting the $2,000 mark during the previous session. The dollar was near a two-year high and dented the safe-haven yellow metal’s appeal.

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THURSDAY LIVE CRUDE OIL NEWS UPDATED BY WWW.WINCOMMODITY.COM

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Oil prices fell on Thursday, after rising sharply in the first half of the week, as traders weighed a larger-than-expected build in U.S. oil stocks against tightening global supply.

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Since U.S. President Joe Biden took office in January, his administration has maintained the tough stance of the preceding Trump administration. Biden has called China the “most serious competitor” to the U.S.

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