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, […]
WTI
Oil edges up but set for second week of losses
SINGAPORE: Oil prices rose slightly on Friday after three days of declines, as markets remained cautious over excess supply and slowing demand in the U.S., though Brent and WTI are on track for a second consecutive week of losses. Brent crude futures increased 21 cents, or 0.33%, to $63.59 a barrel, while U.S. West Texas […]
Crude oil prices edged lower on Wednesday
BEIJING – Oil prices dropped slightly on Wednesday as global markets slumped and the US dollar strengthened, while traders evaluated the outlook for supply amid new OPEC+ production adjustments. Brent crude futures fell by 6 cents, or 0.09%, to $64.38 a barrel by 0706 GMT, after hitting a near two-week low in the previous session. US […]
Oil prices rise as OPEC+ pauses production hikes
SINGAPORE – Oil prices climbed in early Asian trade on Monday after OPEC+ decided to delay production hikes in the first quarter of next year, easing growing fears of a global supply glut. According to market data, Brent crude futures rose by 47 cents, or 0.73%, to $65.24 a barrel, while U.S. West Texas Intermediate […]
Oil prices climb as U.S.–China trade framework boosts market optimism
Oil prices rose in early Asian trading on Monday after U.S. and Chinese officials outlined a trade-deal framework, easing global economic concerns and boosting investor sentiment. The agreement between the world’s top two oil consumers is seen as a step toward reducing trade tensions that have weighed on global growth and energy demand. Brent crude […]
Oil prices dip after surge but remain set for strong weekly gain
NEW DELHI – Oil prices edged lower in early Friday trade, giving up some of the sharp gains from the previous session but staying on track for a weekly increase, as new U.S. sanctions on Russia’s top oil producers stoked global supply concerns. Brent crude futures slipped 36 cents, or 0.55%, to $65.63 a barrel, […]
Oil Prices Dip as Gaza Ceasefire Lowers Market Risk Premium
SINGAPORE – Oil prices slipped slightly on Friday as traders reacted to easing geopolitical risks following a landmark ceasefire agreement between Israel and Hamas, marking the first phase of US President Donald Trump’s plan to end the Gaza war. Brent crude futures were down 7 cents at $65.15 per barrel by 03:38 GMT, while US […]
Oil steady as Middle East tensions mount, set for weekly gains
Oil prices were steady on Friday, giving up earlier gains, and were on track for the first weekly increases this month, as rising tensions in the Middle East stoked fears of supply disruptions. Brent crude futures were at $72.61 a barrel at 0658 GMT, down 1 cent, from their last close, reversing earlier increases. Brent […]
Oil prices up as Middle East tanker attacks heighten supply concerns
Oil futures rose on Monday on increasing concerns about supply disruptions in the Middle East even as investors and traders fretted over global economic growth prospects amid a standoff in the Sino-US trade talks. Brent crude futures were at $71.71 a barrel by 0912 GMT, up $1.09. US West Texas Intermediate (WTI) futures were at […]
Oil price rises after surprise fall in US crude inventories
Oil futures gained on Wednesday, boosted by a surprise drawdown in US crude stockpiles, but an escalating US-Chinese trade fight limited oil’s gains as investors worried about the global outlook for energy demand. Brent crude futures rose 44 cents to $70.32 a barrel, while West Texas Intermediate (WTI) crude futures rose 57 cents to $61.97 […]