Brent crude oil surged past $87 on Monday as Russia’s war on Ukraine increasingly focuses on attacks on energy installations, and as mediation in the Israel-Gaza conflict fails.
On Monday at 10:14 a.m. ET, Brent crude was trading …
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 …
Oil prices hovered above $90 a barrel on Friday, on track to end the week higher as investors chose to focus on tighter supply, despite broader macroeconomic uncertainty. Both oil benchmarks hit 10-month highs this week after Riyadh and
Oil prices rose on Monday as tightening supply and hopes for Chinese stimulus underpinned Brent at well above $80 a barrel, even as traders expected more rate hikes from U.S. and European central banks.
Brent crude futures were …
Oil prices were up on Friday, while recession fears continued to weigh on sentiment, though worries over tight global supplies capped price declines.
U.S. West Texas Intermediate crude rose $2.14, or 2.09%, to $104.32 a barrel, having …
Oil prices rose steeply on July 7 after sharp losses in the previous two sessions, as investors returned their focus to tight supply even as fears of a global recession persisted.
Brent Crude futures were up $4.68, or …
Oil prices rose almost $2 on Tuesday on high summer fuel demand while supplies remain tight because of sanctions on Russian oil after its invasion of Ukraine.
Brent crude rose $1.80, or 1.6%, to $115.93 a barrel.
The …
Oil prices fell as much as 3% on Wednesday after the Federal Reserve imposed in its biggest U.S. rate since the 1990s, adding to fears that the central bank will push the world’s largest economy into a recession in …
NEW YORK – Oil prices gained about 1% on Tuesday, with U.S. crude settling at a 13-week high on supply concerns, including no nuclear deal with Iran, and prospects for demand growth in China, which is relaxing lockdowns
NEW YORK: Oil prices rose on Wednesday, buoyed by tight supplies and as U.S. refiners drove processing activity to their highest level since before the coronavirus pandemic started.
Brent crude futures for July rose by 48 cents to $114.03 …
Oil prices reversed early gains and moved lower Monday, despite U.S. fuel demand, tight supply and a lack of progress towards a European ban on Russian oil, as Shanghai prepares to reopen after a two-month coronavirus lockdown that fuelled …
Oil prices jumped by more than $4 on Wednesday on supply tightness and the growing prospect of new Western sanctions against Russia even as Moscow and Kyiv held peace talks.
Brent crude futures were up $4.09, or 3.7%, at …
LONDON – Oil slipped further below $74 a barrel on Friday but was on track to end the week little changed after a surprising recovery from Monday’s slide, underpinned by expectations that supply will remain tight as demand recovers.…
SINGAPORE (Reuters) – Asian refiners are paying the highest premiums for Middle East and Russian crude oil in about a year, due to firm demand and more costly imports from the West, industry sources said.
High prices could prompt …
