LONDON: Oil prices fell sharply on Monday after US President Donald Trump indicated that Iran was “seriously talking” with Washington, suggesting a potential de-escalation in tensions that had previously pushed crude to multi-month highs. Read More: Oil holds near six-month high amid US-Iran tensions Brent crude futures declined $2.81, or 4.1%, to $66.51 per barrel, while […]
Brent crude
Oil holds near six-month high amid US-Iran tensions
Oil prices remained near six-month highs on Friday, as investors closely monitored rising geopolitical risks involving the United States and Iran, while assessing supply disruptions and global economic conditions. Brent crude futures settled at $70.69 per barrel, down 2 cents or 0.03%, while US West Texas Intermediate crude closed at $65.21 per barrel, down 21 […]
Oil prices set for biggest monthly gains in years on Middle East tensions
SINGAPORE: Oil prices were headed for their biggest monthly gains in years on Friday, despite easing slightly, as escalating tensions in the Middle East raised fears of potential supply disruptions involving Iran, one of the world’s major oil producers. Read More: Oil prices surge nearly three percent amid US-Iran tensions Brent crude futures slipped 21 […]
Oil prices rise on supply disruption fears in Venezuela and Iran
Oil prices climbed for a second straight day on Friday as markets reacted to uncertainty over future supply from Venezuela and rising unrest in Iran. Brent crude futures rose around 0.7% to about $62.4 per barrel early Friday, while U.S. West Texas Intermediate (WTI) crude gained roughly 0.6% near $58.1. Both benchmarks were set for […]
Oil prices rise as Venezuela bonds surge after US captures Maduro
HOUSTON: Oil prices jumped on Monday following the US capture of Venezuela President Nicolas Maduro, as traders weighed potential disruptions to crude flows from the OPEC member with the world’s largest oil reserves. Read More: Oil prices ease amid Venezuela, Russia concerns Brent crude futures rose 96 cents, or 1.58pc, to $61.71 a barrel, while US West […]
Asian stocks rise as investors weigh US intervention in Venezuela
Asian stocks climbed on Monday, while oil prices showed volatility, as investors assessed the implications of the United States’ military intervention in Venezuela and prepared for a packed week of economic data. Read More: Pakistan Stock Exchange outperforms 15 countries MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.2%, while S&P 500 e-mini futures edged up […]
Oil prices rise after US intercepts Venezuelan tanker
Oil prices climbed in early Monday trade following the U.S. interception of an oil tanker off Venezuela coast in international waters. Brent crude futures rose 44 cents, or 0.73%, to $60.91 per barrel, while U.S. West Texas Intermediate (WTI) crude increased 40 cents, or 0.71%, to $56.92. The U.S. Coast Guard is also pursuing another […]
Oil prices recover amid Ukraine peace hopes and Fed rate bets
BEIJING – Oil prices rebounded slightly on Wednesday after falling to one-month lows in the previous session, as optimism grew over a potential peace deal between Ukraine and Russia. The deal could ease international sanctions on Russian energy exports, influencing global supply. Read More: Oil prices slide on peace talks Brent crude futures rose 19 cents, […]
Oil prices slide on peace talks
PERTH — Oil prices fell for a third consecutive session on Friday as U.S.-led efforts for a Russia-Ukraine peace deal raised expectations of increased global oil supplies. Brent crude dropped 71 cents, or 1.12%, to $62.67 a barrel, while U.S. West Texas Intermediate crude fell 71 cents, or 1.20%, to $58.29 a barrel. Read More: […]
Oil prices rise
SINGAPORE – Oil prices climbed on Monday as optimism grew that the U.S. government shutdown could soon end, boosting demand in the world’s top oil consumer and offsetting concerns about rising global supplies. Brent crude futures increased 47 cents, or 0.74%, to $64.10 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 50 cents, […]