Oil prices fell sharply on Monday United States and Iran The pause raised hopes that tensions in the Middle East could be eased. The pause in fighting also boosted investor confidence, with stocks rising as traders hoped energy supplies in the region would improve. Despite the calm conditions, the Gulf shipping route remains risky and … Read more
On Thursday, global oil prices topped $100 a barrel for the first time since May. The rise in oil prices comes as a widening conflict in the Middle East heightens concerns about disruptions to global oil supplies. Brent crude, the global oil benchmark, rose more than 6%, briefly touching $100.14 a barrel before retreating slightly. … Read more
Oil prices fell sharply again on Wednesday as concerns about supply disruptions eased. International benchmark Brent crude fell about 4% to around $73 a barrel, its lowest level since before the United States and Israel launched air strikes on Iran earlier this year. U.S. West Texas Intermediate (WTI) crude oil also fell about 4% to … Read more