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
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
