Post Tagged with: "oil surges"

Source: Reuters

Oil surges on US sanctions, tight stockpile forecasts

Investing

LONDON -Oil prices leapt more than $3 on Friday after the U.S. tightened its sanctions programme against Russian crude exports, raising supply concerns in an already tight market, with global inventories forecast to decline through the fourth quarter.

Brent…

October 13, 2023 - 10:38 am — Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News, Exploration and Production (E&P)
Source: Reuters

Oil surges more than $1 as tight supply dominates

Yahoo Finance

LONDON (Reuters) – Oil prices surged more than $1 on Wednesday, as markets focused on low global supply in the run-up to winter, throttled by OPEC+ production cuts. Brent crude futures broached $95, up $1.55 to $95.51 a …

September 27, 2023 - 9:35 am — Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News, Exploration and Production (E&P)
Source: CNBC

Oil surges amid warnings of supply shortages

CNBC

Oil prices climbed 4% on Thursday after the International Energy Agency (IEA) said three million barrels a day (bpd) of Russian oil and products could be shut in from next month and despite the U.S. Federal Reserve’s decision to …

March 17, 2022 - 9:30 am — Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News
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