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
Oil prices jumped as the crisis between Russia and Ukraine escalated. On Monday evening, Russian President Vladimir Putin ordered forces into two breakaway regions of eastern Ukraine and said he would recognize the independence of Donetsk and Luhansk. In Asia afternoon trade Tuesday, U.S. crude surged 3.61% to $94.36 per barrel, while Brent jumped 2.6% per barrel to $97.87. Russia has Read More
Oil prices versed losses to trade in the green on Friday, but were still headed for a weekly loss. The prospect of increased Iranian oil exports has eclipsed fears of potential supply disruption resulting from the Russia-Ukraine crisis. Brent crude futures advanced 57 cents, or 0.6%, to settle at $93.54 per barrel. U.S. West Texas Read More
Oil prices recouped losses on Wednesday as investors weighed conflicting statements on the possible withdrawal of some Russian troops from around Ukraine amid tight global supplies and recovering fuel demand. Brent crude climbed 1.6% to $94.81 per barrel, having slid 3.3% overnight after Russia announced a partial pullback of its troops near Ukraine. U.S. West Read More
Oil dropped from a seven-year high to around $94 a barrel on Tuesday, pressured by a report that some troops in Russia’s military districts adjacent to Ukraine are returning to bases, a move that could de-escalate tension between Moscow and the West. Russia’s Interfax news agency cited the defence ministry as saying that while large-scale Read More
Oil prices eased on Friday as hot U.S. inflation fanned worries about aggressive interest rate hikes and investors await the outcome of U.S.-Iran talks that could lead to increased global crude supply. Brent crude futures fell 25 cents, or 0.3%, to $91.16 a barrel at 0345 GMT, while U.S. West Texas Intermediate crude declined 15 cents, or 0.2%, Read More
Oil prices edged down on Thursday, after rallying on an unexpected drop in U.S. crude inventories in the previous session, as investors await the outcome of U.S.-Iran nuclear talks that could add crude supplies quickly to global markets. Brent crude futures slid 7 cents, or 0.1%, to $91.48 a barrel at 0425 GMT, while U.S. Read More
Oil prices rose on Monday, reversing earlier losses, as investors kept bullish sentiment on expectations that global supply would remain tight as demand picks up and shrugged off signs of progress in the U.S.-Iran nuclear talks. “Investors scooped up short-term profits on the news suggesting progress in the U.S.-Iran nuclear talks, but fresh buying kicked Read More
Oil prices rose on Wednesday towards last week’s seven-year highs after data showing a fall in U.S. crude stocks underlined solid demand, but investors remained cautious ahead of an OPEC+ meeting due later in the day. Brent crude climbed 36 cents, or 0.4%, to $89.52 a barrel by 0123 GMT, after easing 10 cents on Read More
Oil prices edged higher on Tuesday, trading near seven-year highs hit last week, as investors bet supplies will stay tight, with a limited production hike by major oil producers and a strong post-pandemic recovery in fuel demand. Brent crude for April delivery was up 14 cents, or 0.2% at $89.40 a barrel at 0150 GMT. Read More
Oil prices rose on Friday, set for their sixth weekly gain, amid concerns of tight supplies as major producers continue their policy of limited output increases amid rising fuel demand. Brent crude futures climbed 45 cents, or 0.5%, to $89.79 a barrel at 0429 GMT, after falling 62 cents during the previous day. However, prices did Read More
Oil steadied on Thursday, clawing back losses earlier in the session, as strong demand and short-term supply disruptions continue to support prices close to their highest levels since late 2014. Brent crude futures fell 17 cents, or 0.2%, to $88.27 a barrel, as of 0418 GMT, having dropped more than $1 earlier in the session. The Read More
Oil prices edged up on Monday as investors bet supply will remain tight amid restrained output by major producers with global demand unperturbed by the omicron coronavirus variant. Brent crude futures gained 9 cents, or 0.1%, to $86.15 a barrel by 0539 GMT. Earlier in the session, the contract touched its highest since Oct. 3, Read More
Oil prices eased for a second session on Friday on growing concerns that Washington may soon act to cool prices, while movement controls in China to rein in a Covid-19 outbreak weighed on fuel demand. Brent crude futures fell 30 cents, or 0.4%, to $84.17 a barrel at 0150 GMT. U.S. West Texas Intermediate crude Read More
Oil prices steadied on Wednesday after rising in the previous session on expectations that fuel demand will continue to strengthen as the U.S. Federal Reserve is likely to raise interest rates more slowly than expected. Brent and U.S. crude oil futures are trading at their highest since the highly contagious Omicron COVID-19 variant emerged in Read More
Oil prices climbed on Tuesday, with investors regaining some risk appetite as they await clues from the U.S. Federal Reserve chairman on potential interest rate rises and as some oil producers continued to struggle to beef up output. Brent crude futures gained 40 cents, or 0.5%, to $81.27 a barrel at 0529 GMT, after dropping Read More
Oil prices rose on Wednesday, extending gains even after OPEC+ producers stuck to an agreed output target rise for February and U.S. fuel inventories surged due to sliding demand as COVID-19 cases spiked. Brent crude futures rose $1.22, or 1.5%, to $81.22 a barrel as of 12:35 p.m. ET. U.S. West Texas Intermediate (WTI) crude Read More
Oil prices rose on Tuesday as investors expected OPEC+ producers meeting on output to stick with their planned increase for February based on indications Omicron would have only a mild impact on demand. Brent crude was up 48 cents, or 0.6%, at $79.46 a barrel at 1310 GMT, while U.S. West Texas Intermediate (WTI) crude Read More
