(Investing) – Oil prices climbed on Tuesday, with both crude benchmarks topping $100 a barrel. The advance came amid an impasse between the U.S. and Iran, denting hopes for a swift end to the war. A key U.S. inflation report also showed an outsized impact of surging oil prices due to the Middle East conflict. At 15:50 ET (19:50 GMT), Brent crude
(Oil Price) – An analysis by The Guardian has revealed that the world’s largest Oil & Gas companies, as well as major oil producers such as Saudi Arabia and Russia, will make an extra $234 billion in windfall profits by the end of the year if oil prices continue to average $100 per barrel. According to the exclusive report,
(Investing) – LONDON – Investors placed an approximately $950 million bet on oil prices falling just hours before the U.S. and Iran announced a ceasefire, the latest large wager on the direction of the world’s most traded commodity ahead of a major policy announcement by President Donald Trump. On Tuesday, investors sold a combined 8,600 lots of Brent and U.S. crude
(BOE Report) – Spot premiums for U.S. West Texas Intermediate crude have jumped to all-time highs as competition between Asian and European refiners for supply heats up to replace Middle Eastern oil flows disrupted by the Iran war, industry sources said. Europe is typically the largest importer of U.S. crude, but competition has escalated with Asian buyers scouring for supply
(Investing) – Oil prices climbed over 2% in European trade on Tuesday after Iran denied that negotiations with the U.S. had taken place since the beginning of the war, contradicting President Donald Trump’s claims. The futures contract expiring in May for Brent crude, the global oil benchmark, rose 2.7% to $102.62 per barrel by 10:07 ET (14:07 GMT), while U.S. West Texas Intermediate
(Oil & Gas 360) – Despite Uncertainty Up High, Maximum Effort To Achieve Peace And Prosperity Has Growth Happening, Needing Good Workers + Ingredients. The price of WTI crude oil jumping above $90 per barrel, with Epic Fury’s efforts to end decades of oil revenue funding terrorizing, death and destruction, has increased uncertainty. The quick jump in the current month, closing
(Investing) – UBS on Wednesday raised its average Brent crude oil price forecasts for the first quarter and full year 2026, citing escalating conflict in the Middle East and the current near de facto closure of the Strait of Hormuz. The bank now sees the Brent price averaging $71 per barrel in the first quarter, implying around $80 a barrel in March, and at
(Investing) – LONDON – Oil prices rose on Thursday, driven by growing concerns about potential military conflict between the U.S. and Iran as both stepped up military activity in the oil-producing Middle East. Brent futures were up $1.13, or 1.6%, to $71.48 a barrel at 1418 GMT, while U.S. West Texas Intermediate (WTI) crude was up $1.16, or 1.8%, at $66.35. After advancing more
(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 steadied Tuesday after logging steep losses in the prior session as traders digested a trade deal between India and the U.S. as well as cooling tensions between the U.S. and Iran. At 11:27 ET (16:27 GMT), Brent oil futures for April rose 1% to $66.94 a barrel and West Texas Intermediate crude futures rose 1.1% to $62.84 a barrel. Both benchmarks
(World Oil) – U.S. crude oil production is expected to remain near its 2025 record through next year before declining in 2027, as lower oil prices curb drilling activity in the Lower 48, according to the U.S. Energy Information Administration’s January 2026 Short-Term Energy Outlook. The EIA forecasts U.S. crude oil production will average about 13.6 MMbpd in 2026—essentially flat with
(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
