Oil prices posted modest gains on Friday as investors remained cautiously optimistic about ongoing diplomatic efforts between the United States and Iran, while monitoring crude supplies from the Middle East ahead of the long US holiday weekend. International benchmark Brent crude rose 17 cents, or 0.24%, to $72.10 per barrel, while US West Texas Intermediate […]
WTI
Oil prices surge above $108 as Middle East tensions keep markets on edge
Global oil prices climbed sharply on Monday as fears of continued supply disruptions from the Middle East outweighed cautious optimism over possible diplomatic developments between the United States and Iran. Read More: Oil prices rise amid Middle East tensions Brent crude rose 2.75% to $108.23 per barrel, while West Texas Intermediate (WTI) gained 2.09% to $96.37. […]
Oil prices rise amid Middle East tensions
Global oil prices surged by more than two percent as escalating tensions in the Middle East continued to unsettle energy markets, raising concerns about supply disruptions. Read More: Pakistan raises petrol and diesel prices amid global oil pressure Benchmark Brent crude oil climbed to around $107 per barrel, while West Texas Intermediate (WTI) reached approximately $96 per […]
Oil prices rise after lack of progress in negotiations between Iran and US
Global oil prices have surged following a lack of progress in negotiations between Iran and the United States (US), raising concerns over supply stability and geopolitical tensions. Read More: Oil prices surge as US Iran tensions escalate According to market reports from Singapore, crude oil prices climbed sharply after talks held in Islamabad ended without a breakthrough. The […]
Oil prices drop 4% as US-Iran talks ease geopolitical tensions
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 […]
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 […]
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, […]