Latest Updates Around The World
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 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 on Friday after the US ordered increased economic pressure on Venezuelan oil shipments and carried out airstrikes on Islamic State militants in northwestern Nigeria at the request of the Nigerian government. Brent crude futures rose 24 cents, or 0.4%, to $62.48 a barrel by 0114 GMT. U.S. West Texas Intermediate (WTI) crude […]
Oil prices rose in early trading on Monday after the US intercepted a Venezuelan oil tanker over the weekend. Brent crude futures rose 44 cents, or 0.73%, to $60.91 a barrel by 0141 GMT, while U.S. West Texas Intermediate (WTI) crude rose 40 cents, or 0.71%, to $56.92. The US Coast Guard is also pursuing […]
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 […]
