Brent crude – Page 3 – Oil & Gas 360

Oil prices rise thanks to weaker dollar, but gains limited by tariff concerns

March 12, 2025

(Investing) – Oil prices jumped on Wednesday, extending earlier gains that were powered by a weaker U.S. dollar, although persistent concerns over the impact of tariffs on global demand limited the uptick. By 11:00 ET (15:00 GMT), Brent futures had gained 1.8% to $70.83 per barrel, while U.S. West Texas Intermediate crude futures had climbed by 2.1% to $67.65 a barrel. The greenback

Rystad: Oil prices under pressure, but don’t expect a freefall

March 7, 2025

(Oil Price) – Oil prices took a hit this week, and according to Rystad Energy, the bearish mood is real—but temporary. Brent crude briefly dipped near $69 per barrel as markets reacted to OPEC+’s decision to gradually increase output starting in April, while ongoing tariff drama from Washington continues to rattle demand expectations. Rystad’s Mukesh Sahdev, Global Head of Commodity Markets

Oil prices steady as traders await progress on push for Ukraine peace deal

February 24, 2025

(Investing) – LONDON – Oil prices steadied on Monday as investors awaited clarity on talks to end the war in Ukraine and weighed up the prospect of a resumption in crude exports from northern Iraq. Brent futures were down 6 cents, or 0.1%, at $74.37 barrel by 1302 GMT while U.S. West Texas Intermediate crude futures declined by 14 cents, or 0.2%,

Oil prices on track for weekly rise amid supply disruptions

February 21, 2025

(Investing) – Oil prices fell on Friday, but were on course to secure a weekly gain, as traders eyed supply chain disruptions in Russia and a drawdown in U.S. gasoline and distillate stockpiles. Brent oil futures had fallen by 0.8% to $75.86 per barrel as of 08:05 ET (13:05 GMT), while West Texas Intermediate (WTI) crude futures had slipped by 0.9% to $71.85 per

Oil prices hold steady as traders eye U.S. inventory build

February 20, 2025

(Investing)– Oil prices were steady in European trading on Thursday after touching an almost one-week high in the prior session, as traders weighed an increase in U.S. crude oil inventories. Brent oil futures rose 0.6% to $76.51 per barrel as of 09:10 ET (14:10 GMT), while West Texas Intermediate crude futures advanced by 0.6% to $72.58 a barrel. The American Petroleum Institute (API) reported

Oil prices slide on potential Ukraine peace talks, hot U.S. inflation

February 13, 2025

(Investing) – Oil prices fell Thursday as U.S. President Donald Trump talked up a potential peace treaty between Russia and Ukraine, which could potentially free up Russian oil supply curbed by U.S. sanctions. At 09:00 ET (14:00 GMT), Brent oil futures expiring in April fell 1.3% to $74.22 a barrel, while West Texas Intermediate crude futures fell 1.3% to $70.44 a barrel. Ukraine peace talks

Oil prices advance despite concern over more US tariffs

February 10, 2025

(Investing) – LONDON – Oil prices rebounded on Monday despite lingering fears over a potential global trade war after U.S. President Donald Trump’s latest tariff plans, this time targeting steel and aluminium. Brent crude futures were up 87 cents, or 1.2%, at $75.53 a barrel by 1413 GMT. U.S. West Texas Intermediate crude added 1.3%, rising 90 cents to $71.90. Monday’s gains

Crude prices fall on US-360China trade clash- oil and gas 360

Crude prices fall on US-China trade clash

February 4, 2025

(Investing) – Crude prices fell on Tuesday as U.S. tariffs on China took effect and Beijing retaliated with its own measures, heightening trade war fears, while U.S. President Trump delayed a decision on imposing steep levies on Canada and Mexico for a month. U.S. West Texas Intermediate (WTI) crude was down $1.63, or 2.23%, at $71.53 per barrel at 1302 GMT,

Goldman Sachs: Brent crude could hit $93 if sanctions hit Iranian, Russian oil

January 31, 2025

(Oil Price) – Goldman Sachs analysts predict Brent crude prices could temporarily surge to $93 per barrel if sanctions successfully curb oil exports from Iran and Russia by a combined 1 million barrels per day (bpd). In a note shared by Zerohedge on X, the bank outlined a scenario where Iran faces persistent supply disruptions while Russia experiences temporary setbacks, tightening

U.S. tariff threat limits oil prices

January 30, 2025

(Investing) – HOUSTON -Oil prices were held in check on Thursday by threatened U.S. tariffs on Canadian and Mexican crude that could take effect this weekend. Brent crude futures were up 27 cents at $76.85 a barrel at 11:05 a.m. CST (1705 GMT). U.S. crude futures were up 13 cents to $72.75. U.S. crude futures had settled at their lowest price this year

Citigroup: Sanctions, tight supplies and U.S. policy to drive oil prices higher

January 22, 2025

(Oil Price) – Analysts at Wall Street bank Citigroup have predicted that oil prices will remain elevated in 2025 thanks to U.S. sanctions on oil exports, logistical challenges and strategic policy decisions by major producers and governments. Citigroup notes that Over 180 vessels, integral to transporting Russian crude, are now restricted. Two weks ago, the Biden administration issued sanctions against Russian crude, and

Oil prices slide as market awaits Trump’s return to White House

January 20, 2025

(Investing) – HOUSTON – Oil prices slipped on Monday as U.S. President-elect Donald Trump’s inauguration is expected to bring a flurry of policy announcements that may clarify how he plans to end the Russia-Ukraine war, boost U.S. oil and gas production and lower costs for consumers. Brent crude futures declined by $1.23, or 1.5%, to $79.58 by 10:57 a.m. EST (15:57 GMT).

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