Latest Updates Around The World
Brent crude has risen again to the $70 per barrel mark, hitting a six-and-a-half month high and catching markets off guard. The rally comes despite earlier concerns about a supply glut, as escalating geopolitical tensions have injected a new “war premium” into global oil prices.Australia-Trading.com CEO Peter McGuire says the sharp recovery has surprised many […]
London, January 15, 2026 – Oil prices extended losses on Thursday after comments from US President Donald Trump appeared to downplay the threat of imminent military action against oil producer Iran.After rising sharply in recent days, the key US oil contract, WTI, fell 4.6 percent to $59.18 per barrel after briefly falling more than five […]
Global oil markets have entered a bearish phase, with the US NYMEX index falling below $60 per barrel last week. Prices have fallen more than 20% from a January high of $74, wiping out gains from the summer rally. This sharp downturn reflects a convergence of supply-side strength and demand-side weakness, reshaping the outlook for […]
