(Investing) – LONDON – Oil prices steadied on Friday after U.S. inflation data, recovering from an earlier dip on news that OPEC+ is leaning towards a resumption in production increases. Brent crude futures gained 9 cents, or 0.13%, to $67.61 a barrel by 1424 GMT. U.S. West Texas Intermediate crude was unchanged from the previous close at $62.84 at the same time. Both oil
(Oil Price) – The sanctions squeeze on oil supply from Russia and Iran are tightening the oil market and supporting crude prices as buyers look for additional legit barrels while sanctioned supply is piling in floating storage, according to the world’s biggest independent oil trader, Vitol. “The traditional buyers of those two supply sources are reaching for more Western or Saudi
(Investing) – HOUSTON – Oil prices tumbled below $1 a barrel on Thursday investors gave more weight to the International Energy Agency lowering of its global oil demand forecast for 2026 against the receding risk of U.S. attacks on Iran. Brent crude oil futures were down $1.26, or 1.82%, at $68.14 a barrel by 10:16 a.m. CDT (1616 GMT). U.S. West Texas Intermediate
(Investing) – Oil prices ticked up on Friday, after reports citing Iran’s foreign minister said talks between the country and the U.S. had got off to a “good start.” At 11:05 ET (16:05 GMT), Brent oil futures for April were up 1% to $68.15 a barrel and West Texas Intermediate crude futures rose 0.9% to $63.85 a barrel. Notably, the crude benchmarks were on track
(Oil Price) – The oil price decline over the past year has started to dent Big Oil’s earnings, which have slipped from the 2022 and 2023 highs. The persistently low oil prices at about $60 per barrel in the past months, compared to $100 in 2022 and $80 in 2023 and 2024, signal that part of the shareholder returns of
(Investing) – Oil prices were largely flat on Wednesday, halting a sharp advance from earlier after reports of growing tensions between the U.S. and Iran pushed up concerns over potential supply disruptions in the Middle East. Oil had also benefited from industry data showing U.S. oil inventories unexpectedly shrank by a large amount in the prior week, as extreme cold weather in
(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
(Investing) – NEW YORK- Oil prices rose to their highest since late September on Wednesday after a winter storm disrupted U.S. crude production while a weak U.S. dollar and continued Kazakh outages lent further support. Brent crude futures were up 43 cents, or 0.64%, to $68 a barrel at 11:40 a.m. ET (1640 GMT). U.S. West Texas Intermediate crude was up 53 cents, or
(Oil Price) – Saudi oil giant Aramco has issued a $4-billion bond as it tapped the debt market for the first time this year amid persistently weak oil prices in the low $60s per barrel. Aramco, the world’s top crude exporter and biggest international oil company, on Monday announced the start of issuing U.S.-dollar denominated international bonds under its Global Medium Term Note
(BOE Report) – Where exactly is the expected supply glut in the global crude market? The best answer is China, which saw storage flows surge in December, resulting in a surplus of more than 1 million barrels per day for 2025. China’s surplus of crude oil jumped to 2.67 million bpd in December, up from 1.88 million bpd in November
(Investing) – Oil prices edged marginally lower Monday, consolidating after strong gains at the end of last week as investors weighed concerns about a potential supply glut against heightened geopolitical risks and awaited signals from a key Federal Reserve policy meeting later this week. At 08:15 ET (13:15 GMT), Brent oil futures expiring in March edged down 0.2% to $64.97 per barrel
(Investing) – Oil prices rose further Tuesday, gaining for a fourth consecutive session on elevated supply disruption risks following significant anti-government protests in Iran. At 08:05 ET (13:05 GMT), Brent Oil Futures expiring in March rose 2% to $65.15 per barrel, and West Texas Intermediate (WTI) crude futures gained 2.4% to $60.75 per barrel. Brent contract reached over a seven-week high
