Oil prices experienced a rebound exceeding 6% on Monday, following a decline of over 9% on Friday. This volatility was prompted by reports of the closure of the Strait of Hormuz, as both the U.S. and Iran accused each other of breaching their ceasefire agreement through attacks on vessels over the weekend. Brent crude futures Read More
Oil prices experienced an uptick during Asian trading hours on Friday, following remarks from U.S. President Donald Trump regarding the possibility of military intervention against significant oil producer Iran. This development has heightened apprehensions about potential supply disruptions in the Middle East. Despite experiencing losses in previous sessions, crude is on track for a fifth Read More
Oil prices exhibited minimal fluctuations during Asian trading on Thursday, following U.S. President Donald Trump’s retreat from tariff threats concerning Greenland. Meanwhile, investors processed an increase in U.S. crude inventories alongside recent supply disruptions. As of 22:07, Brent Oil Futures expiring in March increased by 0.1% to $65.31 per barrel, while West Texas Intermediate crude Read More
Oil prices experienced a modest increase during Asian trading on Thursday, bolstered by renewed strikes on Russian oil infrastructure and the stagnation in diplomatic efforts aimed at resolving the conflict in Ukraine. As of 22:53, Brent Oil Futures expiring in February increased by 0.4% to $62.89 per barrel, while West Texas Intermediate crude futures saw Read More
Oil prices increased by over 1% during Asian trading on Monday, bolstered by OPEC+’s commitment to maintain output levels in the first quarter, alongside heightened supply concerns arising from geopolitical tensions. As of 20:52, Brent Oil Futures expiring in February increased by 1.2% to $63.13 per barrel, while West Texas Intermediate crude futures similarly rose Read More
