Oil Set For Sixth Straight Monthly Loss ...Middle East

With earnings season in full swing, big players like Exxon, Halliburton and Baker Hughes have posted strong results despite lower crude prices in Q1. Friday, April 28, 2023 Oil prices have stabilized around $78 per barrel for ICE Brent and $74 per barrel for WTI after Wednesday’s double whammy of bad macroeconomic data. The decline in US capital goods spending confirmed fears that economic growth is slowing down in the United States, whilst refinery margins continued their descent this week as downstream players are finding it ever harder…

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