Oil prices experienced a decline on Thursday following a 4% increase in the prior session. This shift comes as Iran indicated its willingness to engage in diplomatic efforts to resolve its conflict with the United States, despite ongoing divisions between the two parties regarding the path to an agreement. Iran and the United States continue Read More
Oil prices declined on Monday as investors monitored a rebound in shipments from Saudi Arabia, even amid escalating tensions in the Middle East due to ongoing attacks by Yemeni Houthis, while the US and Iran continue to be at an impasse. Brent crude futures declined by 81 cents, equivalent to 0.78%, reaching $103.06 a barrel Read More
Oil prices declined in early trade on Thursday, continuing the downward trend from the previous session, following reports that Saudi Arabia was providing additional crude cargoes via Oman, which alleviated concerns regarding supply disruptions in the Middle East. The latest move followed Saudi Arabia’s provision of additional crude loadings to Asian refiners via ship-to-ship transfers Read More
Oil prices declined on Wednesday following an unexpected increase in U.S. crude inventories, as investors evaluated supply risks after Saudi Arabia halted oil loadings at its Yanbu port in the wake of an attack on its East-West pipeline to the Red Sea. Brent crude futures declined by 93 cents, representing a decrease of 0.86%, settling Read More
Oil prices increased by over a percent on Tuesday, driven by heightened concerns regarding supply disruptions following attacks on Saudi Arabia’s energy infrastructure, which rendered the kingdom’s East-West pipeline inoperative. This development has raised new uncertainties about the effectiveness of measures aimed at mitigating shipping risks in the Gulf. On Monday, Houthi forces, supported by Read More
Oil prices increased for a fourth consecutive session on Wednesday, rising more than $1 in early trade following Iran’s new attacks on U.S. military assets in the Gulf, as the conflict between Washington and Tehran continued to escalate across the region. Iran’s Revolutionary Guards announced that they targeted two U.S. destroyers and what they referred Read More
Oil prices extended their gains on Tuesday amid heightened concerns regarding a prolonged conflict in the Middle East. This escalation follows Iran’s threats of retaliation against any further US attacks on its assets, which raises apprehensions about potential disruptions to crude supplies. Iran stated on Monday that energy infrastructure throughout the Gulf, encompassing US oil Read More
Oil prices continued to rise on Monday as new strikes by the U.S. and Iran on vessels in and around the Strait of Hormuz heightened concerns about a sustained disruption to oil supplies from the Middle East. The most recent escalation occurred on Saturday, as U.S. forces targeted three Iranian oil tankers, as reported by Read More
Oil prices increased by more than 2% on Wednesday, building on the significant gains from the prior session, as concerns about potential supply disruptions intensified following overnight strikes exchanged between the US and Iran. The escalation has diminished expectations for a swift alleviation of tensions in the Middle East. The United States announced that it Read More
Oil prices experienced a decline on Friday, marking the potential for their first weekly decrease in three weeks. This movement occurred despite a rise in the previous session, which was influenced by a report indicating that U.S. President Donald Trump was disinterested in reverting to the terms of a prior agreement with Iran. Brent crude Read More
