(Investing) – The price of Brent crude oil futures for prompt delivery rose on Tuesday to a one-month high over the price for oil six months later as traders priced in renewed risks to Middle Eastern supplies and shipping through the Strait of Hormuz. The first-month Brent contract traded $8.92 a barrel above the sixth-month contract, its largest premium since June 10. A
(Investing) – LONDON – Oil prices rose over 1% on Friday as supply risks remained in focus despite the receding likelihood of a U.S. military strike against Iran. Brent crude was up 84 cents, or 1.3%, to $64.60 a barrel at 1413 GMT, on course for a fourth consecutive weekly gain. U.S. West Texas Intermediate was up 80 cents, or 1.4%, to
(BOE Report)– Oil prices posted modest rises on Wednesday, extending gains from the previous session, supported by robust U.S. economic growth and the risk of supply disruptions from Venezuela and Russia. Brent crude futures climbed 4 cents, or 0.06%, to $62.42 a barrel by 0117 GMT, while U.S. West Texas Intermediate crude added 3 cents, or 0.05%, to $58.41. Oil
(Investing)– Oil prices were little changed on Tuesday as potential sales of Venezuelan crude seized by the United States weighed and investors assessed stronger-than-expected U.S. economic data. Brent crude futures fell 8 cents to $61.99 a barrel by 11:15 a.m. ET (1615 GMT). U.S. West Texas Intermediate (WTI) crude was down 2 cents at $57.99. Prices had risen by more than 2% on
(Investing) – Oil prices ticked higher on Monday, bolstered by OPEC+’s reaffirmation that it will hold output steady during the first quarter, as well as renewed supply concerns stemming from geopolitical tensions. Get the latest updates and insights on the biggest market-moving stories by upgrading to InvestingPro – get 60% off today. As of 08:20 ET (13:20 GMT), Brent oil futures expiring in March
