Oil prices remained relatively stable on Thursday following an increase in the previous session, as investors evaluated the potential for a recovery in West Asian crude supply to counterbalance persistent concerns regarding the region. Brent crude was trading near $98 a barrel after reaching $104 during Wednesday’s intraday trade. West Texas Intermediate for November delivery Read More
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
In a welcome relief for global economies, oil prices continued their downward trend on Friday and are on track for a significant weekly loss as shipping through the Strait of Hormuz gradually normalises following the US-Iran peace agreement. Brent crude has declined to approximately $79 per barrel, reflecting a decrease of over 9% for the Read More
