supply worries

Oil hits 3-week high as surprise US stockpile draw adds to supply worries

September 24, 2025

(Investing) – NEW YORK -Oil prices climbed about 1% to a three-week high on Wednesday as a surprise drop in U.S. weekly crude inventories added to a sense in the market of tightening supplies amid export issues in Iraq, Venezuela and Russia. Brent futures rose 94 cents, or 1.4%, to $68.57 a barrel by 10:55 a.m. EDT (1455 GMT), while U.S. West

Oil prices climb on supply worries, US tariffs check gains

February 11, 2025

(Investing) – NEW YORK -Oil prices edged up for a third straight day on Tuesday as sanctions raised concerns about Russian and Iranian oil supplies, outweighing worries that escalating trade tariffs would boost prices and inflation and dampen global economic growth. Brent futures rose 86 cents, or 1.1%, to $76.73 a barrel by 11:06 a.m. EST (1606 GMT), while U.S. West Texas

Oil hits 3-week high as surprise US stockpile draw adds to supply worries

Oil prices climb on supply worries, US tariffs check gains

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