Global crude oil prices rose sharply on Thursday amid uncertainty over US-Iran negotiations. The increase reflects growing concerns over potential supply disruptions in the international energy market. Investors reacted to heightened geopolitical tensions driving volatility in oil trading. Brent crude climbed above $103 per barrel during trading sessions. Meanwhile, West Texas Intermediate (WTI) was seen […]
WTI crude price
Oil prices soar to $150 amid Gulf export shutdown threat
Global oil markets surged sharply on Friday as Qatar warned that escalating tensions in the Middle East could force Gulf energy producers to halt exports, potentially pushing crude prices to $150 per barrel. The announcement sent shockwaves through international markets, highlighting risks to energy security and supply chains. West Texas Intermediate crude rose 4% to […]
Oil prices surge nearly three percent amid US-Iran tensions
Oil prices climbed sharply on Friday, hitting their highest levels in over a week after the United States increased pressure on Iran through fresh sanctions and deployed a naval armada to the region. Brent crude futures rose $1.82, or 2.8%, settling at $65.88 a barrel, while US West Texas Intermediate crude gained $1.71, or 2.9%, […]
Oil prices record steepest annual drop
Oil prices fell sharply on Wednesday, logging an annual decline of nearly 20% as oversupply fears persisted amid sanctions, conflicts, and rising OPEC+ output throughout 2025. Brent crude futures closed at $60.85 per barrel on the last trading day of the year, down 48 cents, while US WTI crude fell 53 cents to $57.42 per […]