(Investing) – Oil prices rose sharply on Monday after more Houthi attacks on Saudi Arabia, as well as postponed talks between Gulf countries and Iran over the Strait of Hormuz, drove worries over prolonged Middle East shipping disruptions. Brent oil futures briefly had surged by 4.3% to $109.14 a barrel by 09:48 ET (13:48 GMT). West Texas Intermediate crude futures had risen
(Investing) – HOUSTON – Oil prices fell on Friday but remained on course for a weekly gain of more than 9%, while U.S. diesel prices hit a record high as attacks along Middle East shipping routes stoked concerns about prolonged supply disruptions. Brent crude futures were down $2.46, or 2.29%, at $105.17 a barrel at 11:33 a.m. (1633 GMT). U.S. West
(By Oil & Gas 360) – The first week of September delivered a familiar geopolitical story with a potentially more consequential investment response. Fighting between the United States and Iran again pushed oil prices higher, traffic through the Strait of Hormuz remained constrained, and Europe’s natural gas market extended its gains. But as the conflict grinds on, the more important question
(Oil Price) – The number of tankers traversing the Strait of Hormuz remains below the ten-day average, according to ship-trackers, with Kpler reporting only four tanker crossings for Tuesday. That is below a ten-day average of 13 tankers, Reuters reported earlier today. Windward, meanwhile, reported four tankers entering the strait, two of them in dark mode, and three exiting on Tuesday, one of them in
(Investing) – LONDON – Oil prices rose on Thursday after U.S. strikes on Iran and renewed Israeli threats against Tehran revived concerns about disruptions to Middle East supplies. Brent crude futures were up 59 cents, or 0.62%, at $96.22 a barrel by 1327 GMT while U.S. West Texas Intermediate crude futures rose 78 cents, or 0.86%, to $91.79. Both contracts were heading for their
(Investing) – HOUSTON – Brent crude prices were marginally higher in a volatile session on Wednesday, driven by renewed military strikes between the United States and Iran that have restricted world oil supply. The U.S.-Iran war is now in its seventh month, with the recent attacks representing the biggest exchange of fire between Tehran and Washington since July. U.S. forces struck Iran’s
(Investing) – Oil prices climbed about 2% to a one-week high on Wednesday as a resumption in fighting between the U.S. and Iran renewed fears of supply disruptions from the Middle East. Brent futures rose $1.55, or 1.7%, to $92.04 a barrel at 10:33 a.m. EDT (1433 GMT). U.S. West Texas Intermediate (WTI) crude rose $1.84, or 2.2%, to $87.60. That puts
(BOE Report) – President Donald Trump has accused U.S. oil refiners of gouging Americans, called for a Justice Department investigation and urged companies to use their bumper earnings to bring down gasoline prices that spiked amid the ongoing conflict with Iran. On Tuesday, he is expected to host many of those companies at the White House to celebrate efforts to
(By Oil & Gas 360) – Six months into the Iran war, global energy markets are confronting an uncomfortable reality: disruption is no longer a temporary event to trade around, but an increasingly structural consideration for producers, governments, shippers, and investors. Nearly half of global oil flows now originate in or move through conflict-affected regions, Hormuz traffic has fallen to
(Investing) – Oil prices fell on Wednesday, extending declines from the prior session, as media reports pointed to progress in diplomatic efforts to halt hostilities in the Middle East and reopen the Strait of Hormuz. Brent crude futures, the global oil benchmark, had fallen 1.6% to $87.22 a barrel by 09:43 ET (13:43 GMT), while U.S. West Texas Intermediate crude futures had
(World Oil) – Oil headed for a weekly gain as traders awaited details on a U.S. campaign to isolate Iran’s economy, with no apparent end in sight to a conflict that has slashed Middle East exports. Treasury Secretary Scott Bessent said Thursday the administration would provide details of the initiative Monday after President Donald Trump described the push as an “economic
(Investing) – Oil prices edged up to a one-week high on Tuesday as doubts about a potential U.S.-Iran peace deal fueled concerns that Middle East supply disruptions would persist. Brent futures rose $1.19, or 1.4%, to settle at $88.91 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.07, or 1.3%, to settle at $83.20. Those were the highest closes for
