Oil prices fell 1% on Monday after the US and Iran pledged to continue nuclear talks, easing fears of immediate conflict in the Middle East. Brent crude dropped 67 cents to $67.38 a barrel, while US West Texas Intermediate fell 61 cents to $62.94 a barrel. Investors were reassured as both countries described their discussions […]
WTI crude update
Oil prices ease amid Venezuela, Russia concerns
Oil prices slipped in early trade on Tuesday after rising more than 2% in the previous session, with Brent at $61.96 and WTI at $57.88, as markets weighed supply risks. Moreover, U.S. plans to sell seized Venezuelan crude and ongoing Ukraine-Russia tensions fueled uncertainty over global oil availability. Read more : Oil price rise on US […]
Oil rises amid US rate hopes, global tensions
Oil prices climbed to two-week highs on Monday as investors anticipate a U.S. Federal Reserve interest rate cut this week, which could stimulate economic growth and increase global energy demand. Brent crude futures rose 9 cents, or 0.14%, to $63.84 per barrel, while U.S. West Texas Intermediate crude edged up 8 cents, or 0.13%, reaching […]