Brent crude oil prices rose Friday amid late-day short covering as investors worried about U.S. military action while President Donald Trump put pressure on the Islamic Republic to halt its development of nuclear weapons. Brent crude futures settled at $71.76 a barrel, up 10 cents, 0.14%. U.S. West Texas Intermediate crude ended at $66.39 a […]
Oil prices were higher on Friday as concerns increased over the US-Iran conflict. Washington said Tehran will suffer if the country does not reach an agreement on its nuclear activities within days. Brent crude futures rose 21 cents, or 0.3%, to $71.87, while U.S. West Texas Intermediate crude rose 23 cents, or 0.4%, to $66.66. […]
Oil prices fell slightly on Wednesday as talks between the United States and Iran progressed, raising hopes for a de-escalation in bilateral tensions and reducing risks of supply disruptions for the Middle Eastern oil producer. Brent futures fell 3 cents or 0.04% to $67.39 a barrel at 0139 GMT, while US West Texas Intermediate (WTI) […]
Oil prices were steady on Tuesday as investors assessed the risks of supply disruption after Iran conducted naval exercises near the Strait of Hormuz ahead of nuclear talks with the US later in the day. US President Donald Trump said on Monday he would be “indirectly” involved in the Geneva talks, adding that he believes […]
Oil prices rose more than 2% on Wednesday, buoyed by potential supply risks if US-Iran tensions escalate, while crude extraction from key reserves signaled stronger demand. Brent crude futures rose $1.52, or 2.2%, to $70.32 a barrel by 1320 GMT. U.S. West Texas Intermediate crude rose $1.50, or almost 2.4%, to $65.46.“Ongoing tensions in the […]
Oil prices rose for a third day on Thursday on growing concerns that the US could launch a military attack on key Middle Eastern producer Iran, disrupting supplies from the region. Brent crude futures rose 50 cents, or 0.73%, to $68.9 a barrel by 0216 GMT, but U.S. West Texas Intermediate crude rose 58 cents, […]
Oil prices fell on Tuesday even as a massive winter storm hit crude production and hit refineries on the US Gulf Coast. Brent crude futures fell 28 cents, or 0.4%, to $65.31 a barrel at 0145 GMT. U.S. West Texas Intermediate crude traded at $60.39 a barrel, down 24 cents, or 0.4%. In the U.S., […]
Oil prices rose further on Monday after rising more than 2% in the previous session, as tensions between the US and Iran kept investors on edge even after Kazakhstan’s main export pipeline returned to full operation.Brent crude futures rose 12 cents, or 0.18%, to $66 a barrel at 0127 GMT. US. West Texas Intermediate crude […]
Oil prices rose slightly on Tuesday as increased concerns about Iran and possible supply disruptions outweighed the prospect of increased supplies of crude from Venezuela. Brent futures rose 28 cents, or 0.4%, to $64.15 a barrel by 0101 GMT, hovering around a two-month high hit in the previous session. U.S. West Texas Intermediate crude rose […]
European stock prices held steady on Wednesday after a series of record closes, as investors took a breather to digest the latest developments between the US and Venezuela ahead of a batch of new economic data.The STOXX 600 index rose 0.1% at 0804 GMT, a day after hitting a record high. The benchmark in Germany […]