Monday, May 11, 2026

Flora Growth just announced the production of its first batch of crude oil through its ne…

Elevated geopolitical risks in Europe, Middle East pushing oil prices up- oil and gas 360

Elevated geopolitical risks in Europe, Middle East pushing oil prices up

Oil Now Oil prices rose on Monday on worries about supply disruption amid concerns about Russia-Ukraine discord and rising tensions in the Middle East, which could make an already tight market even tighter. Brent crude rose 31 cents, or 0.4%, to $88.20 a barrel by 1009 GMT. U.S. West Texas Intermediate (WTI) crude gained 21 cents, or 0.3%, to $85.35.

Oil falls on strong dollar and potential Fed rate rises- oil and gas 360

Oil falls on strong dollar and potential Fed rate rises

CNBC Oil prices fell on Monday, hit by a stronger dollar and investor concerns over the possibility of quicker than expected increases to interest rates by the U.S. Federal Reserve. Brent crude fell $2.19, or 2.5%, to $85.70 per barrel. West Texas Intermediate (WTI) crude dropped $2.59, or 3%, to $82.56 per barrel. The dollar rose to a two-week high on Monday