Oil prices held steady on Tuesday after falling 2% in the previous session as market participants kept a close eye on peace talks to end Russia’s war in Ukraine and a looming decision on US interest rates. Brent crude futures fell 2 cents, or 0.03%, to $62.47 a barrel at 0101 GMT. U.S. West Texas […]
Oil prices closed more than 2 percent higher on Friday as the Russian port of Novorossiisk halted oil exports after a Ukrainian drone attack hit an oil depot in the Russian energy hub, raising supply concerns.Brent crude futures rose $1.38, or 2.19 percent, to $64.39 a barrel, while U.S. West Texas Intermediate crude rose $1.40, […]
Since mid-June 2025, the price of crude oil on the NYMEX has fluctuated within a narrow range of $60-$70 per barrel, reflecting a market caught between oversupply concerns and geopolitical tensions. Over the past three years, prices have largely remained below $90, a stark contrast from the volatility in the early 2020s. This unrest is […]