Oil Prices Fell due to Fears of a Recession
Oil prices fell this morning in Asia, reversing an earlier trend of gains
World Oil Prices Continue to Go Down
Business | March 19, 2020, Thursday // 08:05
- Tweet
Send to Kindle
www.pixabay.com
World oil prices continue to go down, with the WTI down to $ 23 a barrel - a price the market last saw on March 6, 2002.
As of 7:19 pm Bulgarian time, the price of the May futures of the Brent North Crude fell to 11.7% to $ 25.37 a barrel. The price of the May futures of WTI oil fell 17.23% to $ 22.62 a barrel.
Oil quotes are being pressured by the US Department of Energy's statistics on "black gold" reserves in that country. Last week, they rose by 2 million barrels to 453.7 million. Analysts expected an increase of 3.3 million barrels.
According to the Joint Petroleum Statistics Initiative, in January the US increased oil production by 1.5% to 12.779 million barrels per day.
Related Articles:
Oil hit the 100 USD a Barrel Record - World Stock Markets Collapsed
Oil prices have surpassed $100 per barrel, and stock prices around the world have collapsed after Russian President Vladimir Putin declared a “military operation” in Ukraine with a hint of a bigger war.
Oil Prices in the World have Fallen by over 30%
Oil prices on Monday start with a collapse of 35 - 40% after the OPEC + meeting, which ended last Friday with Russia's exit from the oil restriction deal, according to trade data.
Business | March 9, 2020, Monday // 10:51
Oil Prices Sharply Increased the Reason for This Is the Threat of the United States to Impose New Sanctions on Venezuela
Oil prices rose on Tuesday.
World | May 22, 2018, Tuesday // 11:45
Oil Fell to Less than USD 50 a Barrel on a Record US Export
Light crude oil is traded at a price below USD 50 a barrel for the first time in two weeks, as reported strong US exports are raising concerns for global overcapacity, Bloomberg reported.
Oil Markets Roiled as Hurricane Harvey hits U.S. Petroleum Industry
Oil markets were roiled on Monday after Hurricane Harvey wreaked havoc along the U.
World | August 28, 2017, Monday // 09:28
Bulgaria's PM Backs 'Balkan Stream' as EU Plots Full Break from Russian Gas
Prime Minister Rosen Zhelyazkov has reaffirmed that the “Balkan Stream” pipeline remains a functional and commercially viable energy project
Inflation Rises Slightly in Bulgaria, Falls Across the Eurozone
Inflation in Bulgaria recorded a slight uptick in May 2025
MEP Tsvetelina Penkova: Bulgaria Ready to Lead Europe’s Nuclear Energy Future
Sofia recently hosted the fifth edition of the Green Transition Forum 2025, a major regional event focused on sustainable development
Bulgaria Takes on Another 300 Million Leva in Domestic Debt After Eurozone Green Light
Bulgaria has secured an additional 300 million leva in debt from the domestic market, according to the results of the latest government securities auction held by the Bulgarian National Bank (BNB)
New Direct Flights Connect Sofia and Krakow
Wizz Air has launched a new flight connection between Sofia and Krakow, Poland
Bulgaria’s Real Estate Market and the Euro: What to Expect After Adoption
The question of how Bulgaria’s adoption of the euro will influence the real estate market has sparked considerable interest among property owners
