Brent Archives - Oil & Gas 360

Oil extends losses, WTI crude falls below $70 for first time since early March

June 24, 2026

(Investing) – Oil prices extended losses on Wednesday, retreating for a third straight session as signs of a gradual reopening of the Strait of Hormuz and improving U.S.-Iran relations eased fears of a prolonged disruption to Middle East energy supplies. At 09:43 ET (13:43 GMT), Brent crude futures expiring in September, the global oil benchmark, slipped 4% to $73.71 a barrel. Notably, U.S. West

Brent falls as Israel, Hezbollah agree to ceasefire

June 19, 2026

(Investing) – BENGALURU/LONDON – Brent crude fell on Friday after Israel and Hezbollah agreed to a ceasefire, easing concerns over disruptions to Middle East oil supplies and raising hopes of broader de-escalation involving the United States and Iran. Brent crude futures were down 85 cents, or 1.1%, at $79 a barrel by 1303 GMT, and were heading for a weekly decline of

Brent & WTI top $100 with U.S.-Iran diplomacy at a standstill; CPI shows oil shock

May 14, 2026

(Investing) – Oil prices climbed on Tuesday, with both crude benchmarks topping $100 a barrel. The advance came amid an impasse between the U.S. and Iran, denting hopes for a swift end to the war. A key U.S. inflation report also showed an outsized impact of surging oil prices due to the Middle East conflict. At 15:50 ET (19:50 GMT), Brent crude

Oil prices slump on U.S.-Iran talks; OPEC+ holds production

February 2, 2026

(Investing) – Oil prices fell sharply Monday as geopolitical tensions between the U.S. and Iran eased, prompting traders to lock in profits after a recent jump in prices. At 08:20 ET (13:20 GMT), Brent oil futures for April tumbled 5.1% to $65.82 a barrel and U.S. West Texas Intermediate crude fell 5.2% to $61.76 per barrel. Oil prices rose to near six-month highs

Oil prices pop amid U.S.-Iran tensions, Wall Street selloff; Brent hovers near $70

January 29, 2026

(Investing) – Oil prices hovered at four-month highs on Thursday, extending recent gains amid fears that rising geopolitical tensions between the U.S. and Iran could result in supply disruptions from the key Middle East producer. At 10:58 ET (15:58 GMT), Brent oil futures for March rose 3.2% to $69.55 a barrel, having earlier climbed as high as $70.58 a barrel, its highest since

WTI oil discount to Brent largest in eight months as more Venezuelan crude expected in US

January 13, 2026

(Investing) – HOUSTON/LONDON – The discount on U.S. crude futures to the global benchmark Brent has grown by around $1 per barrel since the U.S. ousted Venezuelan President Nicolas Maduro on January 3 and took control of the South American country’s oil flows, redirecting millions of those barrels to U.S. ports in a move likely to boost U.S. crude exports in the

Oil falls $1 a barrel as investors weigh Russia sanctions, OPEC+ output plans

October 28, 2025

(Investing)– Oil prices slipped around $1 a barrel on Tuesday and were on track for a third straight day of declines as investors considered the impact of U.S. sanctions against Russia’s two biggest oil companies on global supply, along with a potential OPEC+ plan to raise output. Brent crude futures were down $1.09, or 1.7%, to $64.53 a barrel at 10:44

Oil dips as economic concerns, supply and demand expectations weigh

March 13, 2025

(Investing) – LONDON – Oil prices slipped on Thursday after surging in the previous session on a larger-than-expected draw in U.S. gasoline stocks, as markets weighed macroeconomic concerns and demand versus supply expectations. Brent futures were down 37 cents, or 0.5%, at $70.58 a barrel at 10:25 a.m. EDT (1425 GMT), while U.S. West Texas Intermediate crude futures fell 39 cents, or

Brent hovers around $83 as inflation data takes center stage

May 13, 2024

CNBC Oil prices were little changed on Monday after losing about $1 a barrel in the previous session on signs that U.S. policymakers are likely to keep interest rates higher for longer. Brent crude futures were up 21 cents at $83 a barrel by 1036 GMT. U.S. West Texas Intermediate crude futures were up 27 cents at $78.53. Although prices

Brent oil futures inch up near $90 as supply risks intensify

April 3, 2024

US News LONDO – Oil prices extended gains on Wednesday, as investors mulled supply risks stemming from Ukrainian attacks on Russian refineries and the potential for escalation in the Middle East conflict, while OPEC+ ministers held steady their output policy. Brent crude futures for June rose 76 cents, or about 0.9%, to $89.68 per barrel at 1346 GMT, having hit

Platts says adding Midland to Brent has gone well, no need for more

February 26, 2024

Yahoo Finance LONDON – Commodities pricing agency Platts said on Monday its addition of U.S. WTI Midland crude into the global Brent oil benchmark has gone well, and it won’t be necessary to add any further crudes for the time being. Platts, part of S&P Global Commodity Insights, added Midland to its dated Brent price assessment in May 2023, bolstering

Brent breaks past $80 barrier as Houthis attack Red Sea

December 20, 2023

Oil Price Brent crude oil broke past the $80 resistance level on Wednesday, as tensions in the Middle East continued to rise and as Houthi attacks on Red Sea shipping showed no signs of easing, prompting concerns of price-impacting disruptions to the energy trade. At 10:38 a.m. ET on Wednesday, Brent was trading at $80.20, up 1.22% on the day,

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