oil prices Archives - Page 5 of 69

Higher oil prices will not spur more US production, oilfield services company Patterson-UTI says

March 11, 2026

(Investing) – HOUSTON – A surge in energy prices caused by the U.S.-Israel war with Iran will not lead to additional U.S. oil output without the market predictability needed to ensure more drilling, Andy Hendricks, CEO of oilfield services company Patterson-UTI, said on Tuesday. Oil prices have swung wildly since the end of February after Iran shut the Strait of Hormuz,

Oil prices up 4% as supply fears mount despite record stocks release plan

March 11, 2026

(Investing) – NEW YORK – Oil prices gained nearly 4% on Wednesday as fresh attacks on ships in the Strait of Hormuz worsened supply disruption fears, and analysts said the International Energy Agency’s proposal for a record release of oil reserves is inadequate to ease those fears. Brent futures rose $3.40, or 3.9%, to $91.20 a barrel by 11:17 a.m. EDT (1517

Oil’s surge above $100 highlights inflation risks for global markets

March 10, 2026

(World Oil) – Oil’s brief surge above $100/bbl has renewed concerns that the escalating Iran conflict could trigger broader inflation pressures if elevated crude prices persist. Crude prices jumped above the $100 mark for less than a day Monday amid fears that the conflict in the Middle East could further disrupt global energy supplies. The spike came as tanker traffic through the

$100 oil triggers global supply alarm by Oil & Gas 360- oil and gas 360

$100 oil triggers global supply alarm: Oil & Gas 360

March 9, 2026

(By Oil & Gas 360) – Oil prices surged past $100 per barrel as escalating tensions involving Iran rattled global energy markets and raised fears of supply disruptions across the Middle East. The spike prompted urgent discussions among the world’s largest economies. Finance ministers from the Group of Seven signaled they are prepared to release strategic oil reserves if needed

Governments’ actions in response to oil price surge and the Middle East conflict

March 9, 2026

(BOE Report) – Oil prices have soared while share markets have skidded on fears that the escalating U.S.-Israeli war on Iran will squeeze energy supplies and hamstring industries around the world. Following are actions that governments are taking or plan to take to reduce the impact of the war on their economies. SOUTH KOREA PLANS FUEL CAP South Korean President

Oil prices hit highest since 2022 at more than $119 a barrel on Iran war

March 9, 2026

(Investing) – LONDON – Oil prices surged to more than $119 a barrel on Monday, hitting levels not seen since mid-2022, as some major producers cut supplies and fears of prolonged shipping disruption gripped the market due to the expanding U.S.-Israeli war with Iran. Brent crude futures were up $8.77, or 9.46%, at $101.46 per barrel at 1339 GMT, while U.S. West

$100 oil back on the table? by Oil & Gas 360

March 6, 2026

(By Oil & Gas 360) – Energy markets are increasingly being driven by geopolitical risk rather than traditional supply-demand fundamentals, and major banks are beginning to adjust their outlooks accordingly. Investment banks have started lifting crude price forecasts as tensions around the Strait of Hormuz raise the possibility of supply disruptions from one of the world’s most critical energy corridors.

Brent crude trades above $90/bbl as Iran conflict rages

March 6, 2026

(Investing) – Oil prices soared Friday, with Brent climbing above $90/bbl, after the release of weak U.S. jobs data, adding to previous gains as the escalating conflict in the Middle East raised concerns over global supply disruptions. At 09:30 ET (14:47 GMT), Brent Oil Futures expiring in May gained 6.6% to $91.10 per barrel, while West Texas Intermediate (WTI) crude futures gained 9.5%

Oil jumps more than 3% on supply concerns as Iran conflict widens

March 5, 2026

( Investing) – Oil prices jumped more than 3% on Thursday, extending a rally as the escalating U.S.-Israeli war with Iran disrupted supplies and shipping, driving some major producers in the Middle East to reduce output. Brent crude was up $2.92, or 3.59%, at $84.32 per barrel by 11:43 a.m. EST (1643GMT), a fifth session of gains. U.S. West Texas Intermediate crude rose $4.40,

Oil risk premium returns and what it means for energy investors- oil and gas 360

Oil risk premium returns and what it means for energy investors: Oil & Gas 360

March 3, 2026

(By Oil & Gas 360) – Oil prices have climbed as infrastructure attacks and rising tensions involving Iran renew concern over the security of supply routes near the Strait of Hormuz. The waterway remains one of the world’s most important energy corridors, and even the threat of disruption is enough to lift prices. For investors, the key question is not whether

Oil prices spike after Middle East conflict stokes supply shock jitters

March 2, 2026

(Investing) – Oil prices rose sharply Monday on concerns of increasing supply disruptions after the U.S. and Israel launched a wave of attacks against Iran. At 11:23 ET (16:23 GMT), Brent oil futures surged 6.8% to $77.80 a barrel, after earlier climbing to its highest level since January 2025, while West Texas Intermediate crude futures rose 5.7% to $70.85 a barrel, just below its highest

Oil prices hold near seven-month highs with US-Iran talks in focus

February 24, 2026

(Investing) – NEW YORK – Oil prices were little changed near a seven-month high on Tuesday as traders waited for news from nuclear talks between the U.S. and Iran. Brent futures fell 25 cents, or 0.4%, to $71.24 a barrel at 10:41 a.m. EST (1541 GMT), while U.S. West Texas Intermediate crude fell 25 cents, or 0.4%, to $66.06. Earlier in the

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