Oil prices remained above $100 a barrel on Wednesday, as investors worried about possible disruptions to global oil supplies from the Middle East conflict and a storm moving toward major US oil-producing areas. Oil prices stay above $100 as war and a US storm raise supply concerns. (Pexel/Representative image) (Pexel) Brent crude futures rose 35 … Read more
Oil prices remained around the $100 mark on Monday despite a major supply boost planned by G7 countries. Brent crude futures were up 5 cents at $102.30 a barrel at 0900 GMT, while US West Texas Intermediate (WTI) was at $90.62 a barrel, down 49 cents, or 0.5%. Both benchmarks had fallen more than 1% … Read more
Oil prices rose on Wednesday as markets remained worried about the ongoing US-Iran war. Efforts to end the war have not made much progress, keeping geopolitical risks high. These concerns pushed oil prices higher even as crude exports from the Persian Gulf showed signs of recovery. Brent crude prices rise as Saudi Arabia restores oil … Read more
Brent crude oil prices jumped more than 2% on Monday after US President Donald Trump rejected an Iranian peace proposal aimed at resolving the conflict and reopening the Strait of Hormuz. Brent futures rose $2.60, or 2.49%, to $106.92 a barrel at 0803 GMT. Brent crude oil prices rise after Trump rejects Iran peace proposal. … Read more
Oil prices fell on Thursday, extending the losses seen in the previous session. The decline came after reports that Saudi Arabia was arranging additional crude shipments through Oman, easing some fears about a shortage of oil. However, oil prices remained above $100 a barrel because traders are still worried that the Middle East conflict could … Read more
Oil prices jumped more than 3.5% on Monday as fresh military strikes between the US and Iran raised fears that the conflict could disrupt global oil supplies. The conflict has now entered its sixth month. Brent crude prices rose $3.15, or 3.58%, to $91.25 a barrel at 0903 GMT on Monday. US West Texas Intermediate … Read more
Oil prices fell on Monday as investors waited for the US to announce new measures aimed at putting more economic pressure on Iran. Brent crude, the global oil benchmark, fell 1.8% to about $93 a barrel. West Texas Intermediate (WTI), the US oil benchmark, dropped 2.3% to around $85 a barrel. Oil prices fall ahead … Read more