oil gains Archives - Oil & Gas 360

Oil sharply cuts gains after U.S. and Iran said to reach deal pending Trump nod

May 28, 2026

(Investing) – Oil prices on Thursday sharply pared gains after a report that Washington and Tehran had reached a deal to extend an ongoing ceasefire and launch further negotiations over Iran’s nuclear program, pending President Donald Trump’s final approval. Crude prices had earlier ticked higher after the U.S. and Iran traded fresh strikes, denting hopes for a peace deal that would

Oil gains as U.S.-Iran tensions near Hormuz offset strong U.S. jobs data

May 8, 2026

(Investing) – Oil prices edged higher on Friday after U.S. and Iranian forces exchanged fire near the Strait of Hormuz. Despite the escalation, President Donald Trump maintained that the month-old ceasefire was still in place, with Brent crude remaining above $100 per barrel. As of 08:30 ET, Brent Oil Futures was marginally up 0.2% to $100 per barrel, while West Texas Intermediate (WTI)

Oil gains on Venezuelan supply concerns, but poised for weekly loss

December 12, 2025

(BOE Report) – Oil prices rose on Friday supported by concerns of Venezuelan supply disruptions, though they remained on track for a weekly drop amid cautious market sentiment and optimism over the prospects for a Russia-Ukraine peace deal. Brent crude futures rose 43 cents, or 0.70%, to $61.71 a barrel by 0352 GMT, and U.S. West Texas Intermediate crude was

Oil gains almost 2% as Russian port suspends oil exports after Ukrainian attack

November 14, 2025

(Investing) – LONDON -Oil prices climbed nearly 2% on Friday, boosted by supply fears after the Black Sea port of Novorossiisk halted oil exports following a Ukrainian drone attack that hit an oil depot in the major Russian energy hub. Brent crude futures were up $1.04, or 1.65%, at $64.05 a barrel by 1428 GMT, while U.S. West Texas Intermediate crude advanced

Oil gains on Ukraine drone attacks cutting Russian supply

September 26, 2025

(Investing) – HOUSTON -Oil prices rose on Friday as Ukraine’s drone attacks on Russia’s energy infrastructure cut the country’s fuel exports. Brent futures settled at $70.13 a barrel, up 71 cents, or 1.02%. U.S. West Texas Intermediate (WTI) crude finished at $65.72 a barrel, gaining 74 cents, or 1.14%. Both benchmarks are set to register their biggest increases since mid-June. “Markets continued to be

Oil set for fourth straight week of gains as investors assess US sanctions

January 17, 2025

(Investing) – LONDON -Oil prices moved lower on Friday but remained on course for a fourth consecutive week of gains, as the latest U.S. sanctions on Russian energy trade heightened expectations for oil supply disruptions. Brent crude futures were down 57 cents, or 0.70%, at $80.72 per barrel by 1433 GMT, having gained 1.15% this week. U.S. West Texas Intermediate crude futures

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