Oil prices experienced a modest increase on Wednesday, having dipped below $90 per barrel for the first time since August this year. This decline followed a statement from US President Donald Trump, who expressed his belief that the war in Iran “is effectively over.” Brent crude futures approached $92 per barrel, while US West Texas Read More
Oil prices experienced a rebound for the second consecutive session, driven by renewed concerns over global supplies following fresh attacks on tankers. Meanwhile, investors are reevaluating the implications of the ongoing US-Israel conflict with Iran. US President Donald Trump stated on Thursday that Iran would be unable to proceed with any actions regarding its nuclear Read More
Crude oil prices continued their downward trajectory on Thursday, following a significant 9% drop in the prior session, as markets evaluated the ramifications of the Democrats’ decisive win over Republicans in the US midterm elections. The political setback heightened expectations that increasing pressure on the Republican Party might compel the Trump administration to pursue a Read More
Oil prices fell by half a percent on Wednesday as investors anticipated the results of the US midterm elections and evaluated their potential impact on peace negotiations in the Middle East. The losses occurred even in light of industry data indicating an unforeseen reduction in US crude inventories last week. Vote counting was in progress Read More
Oil prices experienced a modest increase on Tuesday after a significant decline in the prior session, prompted by reports of a U.S. strike on Iran’s Qeshm Island. This development has heightened concerns regarding a potential escalation of the ongoing eight-month conflict and the likelihood of extended disruptions to oil supplies from the Middle East. Source Read More
Oil prices experienced a notable decline of more than 2% on Monday, as discussions between Iranian and Qatari officials extended into a third consecutive day. These negotiations aim to reach an agreement to conclude the US-Israeli conflict with Iran that commenced in February of this year. Brent crude futures declined by $2.27, representing a 2% Read More
Oil prices experienced a decline as traders evaluated new diplomatic initiatives in West Asia aimed at averting a potential renewal of US military actions against Iran. Diplomatic developments exerted pressure on prices, as Iranian Foreign Minister Abbas Araghchi stated that Tehran continued to be receptive to negotiations. Source reported that US Vice President JD Vance Read More
Oil prices experienced an uptick on Thursday following a drone strike on a Saudi Aramco oilfield, which intensified apprehensions regarding the potential disruption of supplies due to the escalating conflict in West Asia. The attack also prompted the United States to instruct certain diplomats and their family members to depart from its missions in Saudi Read More
Oil prices experienced a slight decline on Friday morning as investors assessed the risks associated with the Middle East and contemplated potential US measures to relax restrictions on the global “shadow fleet” of tankers. Brent crude futures declined by 41 cents, or 0.39%, settling at $105.51 a barrel by 0012. Meanwhile, US West Texas Intermediate Read More
Oil prices increased by more than one percent on Wednesday following an attack on an administrative building associated with Saudi Arabia’s state-owned oil company, Saudi Aramco, located in the eastern city of Dhahran. The Energy Ministry reported that the incident resulted in a limited fire. Markets assessed the potential for supply disruptions stemming from the Read More
