Oil prices fell by around $5 a barrel on Monday as investors pinned hopes on diplomatic efforts by Ukraine and Russia to end their conflict, while a surge in COVID-19 cases in China spooked the markets. Brent was down by $6.09, or 5.4%, at $106.58 per barrel. West Texas Intermediate crude futures slid $6.38, or Read More
Oil prices stabilized on Friday and were on track for their biggest weekly drops since November after see-sawing on fears of escalating bans on Russian oil versus efforts to bring more supply to market from other major producers. Brent crude futures inched down 16 cents, or 0.15% to $109.17 a barrel at 0434 GMT after Read More
Oil prices see-sawed near 14-year highs on Tuesday as the United States considered acting alone to ban Russian oil imports rather than teaming up with allies in Europe, easing concerns of a wider disruption to crude supplies. Brent crude futures advanced 3.6%, or $4.42, to trade at $127.73 per barrel. U.S. West Texas Intermediate (WTI) Read More
Oil prices see-sawed near 14-year highs on Tuesday as the United States considered acting alone to ban Russian oil imports rather than teaming up with allies in Europe, easing concerns of a wider disruption to crude supplies. Brent crude futures were up $1.06, or 0.9%, at $124.27 a barrel at 0223 GMT, after trading as Read More
Oil prices extended their rally on Thursday, with Brent rising above $116 a barrel, as trade disruption and shipping issues from Russian sanctions over the Ukraine crisis sparked supply worries while U.S. crude stocks fell to multi-year lows. The Organization of the Petroleum Exporting Countries and their allies including Russia have decided to maintain an Read More
Oil futures rose on Tuesday morning, following a volatile start to the week, as the market weighed a coordinated international release of crude inventories against Russian supply disruptions in the wake of Moscow’s invasion of Ukraine. May Brent crude futures, which began trading as prompt on Tuesday, gained about 1% at 0141 GMT to $98.90. Read More
Oil prices reversed earlier losses on Wednesday, rising on reports that Ukraine’s government, foreign ministry and state security service were affected by a cyberattack. Brent crude was up $1.48, or 1.5%, to $98.32 a barrel, after hitting $99.50 on Tuesday, the highest since September 2014. U.S. West Texas Intermediate (WTI) crude futures settled 19 cents higher at Read More
Oil prices reversed earlier losses on Wednesday, rising on reports that Ukraine’s government, foreign ministry and state security service were affected by a cyberattack. Brent crude was up $1.48, or 1.5%, to $98.32 a barrel, after hitting $99.50 on Tuesday, the highest since September 2014. U.S. West Texas Intermediate (WTI) crude futures settled 19 cents higher at Read More
Oil prices reversed earlier losses on Wednesday, rising on reports that Ukraine’s government, foreign ministry and state security service were affected by a cyberattack. Brent crude was up $1.48, or 1.5%, to $98.32 a barrel, after hitting $99.50 on Tuesday, the highest since September 2014. U.S. West Texas Intermediate (WTI) crude futures settled 19 cents Read More
Gold was flat on Wednesday, holding near a nine-month high hit in the last session, as safe-haven demand was offset by a rise in Treasury yields following the first wave of U.S. and European sanctions on Russia for sending troops into eastern Ukraine. Fundamentals Spot gold was little changed at $1,898.63 per ounce, as of Read More
