Oil prices surge 3% to five-month high on worries US could attack Iran
Oil prices climbed 3 per cent to a five-month high on Thursday on rising concerns that global supplies could be disrupted if the US attacks Iran, one of Opec’s biggest crude…
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Oilprices
Oil prices settle higher on force majeure at Kazakh field, slow Venezuela exports
Oil prices closed 0.5 per cent higher on Wednesday on optimism around tighter supply after a temporary shutdown at two large fields in Kazakhstan and as low volume of Venezuelan…
Oil prices settle up as US begins holiday weekend
Oil prices settled higher on Friday as some investors covered short positions ahead of the three-day Martin Luther King holiday weekend in the US and lingering worries about a possible US…
Oil prices rise by more than US$1 a barrel on potential Iran supply disruption
Oil prices surged by more than 2 per cent on Tuesday as the prospect of disruptions to Iranian crude exports overshadowed possible increased supply from Venezuela. Brent futures jumped by…
Oil prices gain on US interception of Venezuelan oil tanker over weekend
OIL prices climbed in early trade on Monday after the US intercepted a Venezuelan oil tanker over the weekend. Brent crude futures rose 44 cents, or 0.73 per cent, to US$60.91 per barrel…
Oil prices settle slightly higher as market assesses mounting supply risks
Oil prices settled marginally higher on Thursday as investors assessed the likelihood of further US sanctions against Russia and the supply risks posed by a blockade of Venezuelan oil…
Oil prices fall as supply outlook offsets disruptions in Venezuelan flows
Oil prices slid on Monday as investors balanced disruptions linked to escalating US-Venezuelan tensions with oversupply concerns and the impact of a potential Russia-Ukraine peace deal.…
Oil prices settle up in low volume on US holiday; Russia-Ukraine talks in focus
Oil prices rose on Thursday as market participants weighed the likelihood that talks to end the war in Ukraine will yield an agreement, with trading volume thin due to the Thanksgiving…
Oil prices steady after steep losses in previous session
Oil prices held largely steady on Thursday after declining around 4 per cent in the previous session as investors weighed concerns about global oversupply with looming sanctions against…
Oil prices fall on Opec 2026 supply outlook
Oil prices fell more than US$2 a barrel on Wednesday, weighed down by an Opec report saying global oil supply will match demand in 2026, marking a further shift from its earlier…
Oil prices steady as investors assess US-China trade truce
Oil prices held steady on Thursday as investors assessed a potential trade truce between the United States and China after US President Donald Trump lowered tariffs on China following a…
Oil prices hit 5-month low on US-China trade tensions, looming supply surplus
Oil prices eased on Wednesday to a five-month low on escalating US-China trade tensions and the International Energy Agency’s prediction of a supply surplus in 2026. Brent crude futures…
Oil prices gain 1% after lower-than-expected Opec+ output hike
Oil prices rose about 1 per cent in early trade on Monday after Opec+ announced a more modest monthly increase in production than expected, tempering some concerns about supply additions.…
Oil prices surge 3% to 7-week high as surprise US stockpile draw adds to supply worries
Oil prices climbed about 3 per cent to a seven-week high on Wednesday as a surprise drop in US weekly crude inventories added to a sense in the market of tightening supplies amid export…
Oil prices settle lower, US economic concerns outweigh Fed rate cut
Oil prices eased on Thursday, settling lower as traders remained worried about the US economic outlook a day after the US Federal Reserve cut interest rates for the first time this year.…
Oil prices ease on US demand concerns
Oil prices eased on Wednesday after data showing an increase in US diesel stockpiles stoked worries about demand and the US Federal Reserve cut interest rates as expected. Brent crude…
Oil prices slide 2% on worries about global oversupply, US demand
Oil prices slid on Thursday, settling about 2 per cent lower as concerns over possible softening of US demand and broad oversupply offset threats to output from the conflict in the Middle…
Oil prices settle up over US$1 after global tensions mount; oversupply caps gains
Oil prices settled higher on Wednesday by more than US$1 a barrel as investors worried about possible supply disruptions after Poland downed drones in its airspace and the US pushed for…
Oil prices ease on surprise build in US crude stockpiles, Opec+ to consider output hike
Oil prices eased about 1 per cent to a two-week low on Thursday on a surprise build in US crude inventories last week and expectations that Opec+ producers will increase output targets at…
Oil prices drop as Opec+ weighs another output hike
Oil prices fell by more than 2 per cent on Wednesday ahead of a weekend meeting of Opec+ producers that is expected to consider another increase in production targets in October. Brent…
Oil prices climb 2% on drop in US crude inventories as investors focus on Ukraine peace push
Oil prices climbed about 2 per cent on Wednesday on a bigger-than-expected weekly drop in US crude inventories as investors awaited the next steps in talks to end the Ukraine war, with…
Oil prices edge higher ahead of Trump-Zelensky meeting
Oil prices edged up on Monday as investors awaited talks between US President Donald Trump and his Ukrainian counterpart after an inconclusive US-Russia summit in Alaska on Friday Brent…
Oil prices climb 2% to one-week high as Fed rate cut, Trump-Putin talks loom
Oil prices climbed about 2 per cent to a one-week high on Thursday after US President Donald Trump warned of “severe consequences” if his talks with Russian President Vladimir Putin on…
Oil prices dip as market awaits EIA report
Oil prices dipped on Tuesday as traders awaited an inventory report from the US Energy Information Administration and began looking toward declining demand at the end of the summer driving…