Oil prices experienced a decline in the wake of an unexpected rise in U.S. crude and fuel reserves. This development has raised apprehensions regarding demand. Investors are closely monitoring the resurgence of nuclear negotiations between Iran and the U.S. Tensions persist in light of a report concerning possible Israeli strikes on Iranian nuclear facilities. Kazakhstan’s Read More
Oil declines by over 1% amid anticipations surrounding a US-Iran nuclear agreement. Oil prices experienced a decline on Thursday, attributed to the prospects of a US-Iran nuclear agreement. An unexpected increase in US crude oil inventories was also observed. An Iranian official indicated a readiness to negotiate with the US contingent upon the removal of sanctions. Read More
Oil prices have risen by 2%, reaching a two-week high, following the announcement of tariff reductions between the US and China. Oil prices experienced an increase of around 2% after the U.S. and China reached an agreement to reduce tariffs, which has sparked optimism regarding a potential resolution to their ongoing trade conflict. Brent crude reached Read More
Oil prices held firm on Friday following a prior increase, supported by the alleviation of U.S.-China trade tensions and the establishment of a new trade agreement between the U.S. and Britain. Brent crude is currently priced at $62.91 per barrel, whereas WTI stands at $59.98. The U.S. and China are set to convene in order Read More
Oil prices experienced a decline of more than $2 per barrel as OPEC+ announced intentions to augment oil production, which has sparked apprehensions regarding a possible surplus in supply. The group’s choice to expedite production increases for the second month in a row, with an addition of 411,000 bpd in June, reinforces anticipations of a Read More
OPEC+ is reportedly poised to implement another swift increase in oil production for June, according to sources. It is anticipated that OPEC+ nations will reach a consensus on a more rapid increase in oil production for June, building on a comparable rise observed in May. This decision arises in the context of apprehensions regarding an economic Read More
Oil prices increase following China’s announcement of its willingness to engage in trade discussions with the United States. Oil prices experienced an uptick in Asian trading as China’s signals of willingness to engage in U.S. trade discussions raised optimism for potential de-escalation. Brent crude increased to $62.51 a barrel, whereas U.S. WTI crude attained $59.62. The Read More
Oil experiences a slight increase, even amid an unclear economic forecast and the possibility of an OPEC+ supply increase. Oil prices experienced a modest uptick in early trading. Nevertheless, uncertainties surrounding trade discussions between the U.S. and China persist, exerting pressure on the market. The possibility of OPEC+ potentially augmenting supply contributes to the prevailing pessimism. Read More
Oil prices experienced a slight increase in early trading on Monday; however, they continued to be hindered by uncertainty surrounding trade discussions between the U.S. and China, which are obscuring the forecast for global growth and fuel demand. Additionally, the possibility of OPEC+ increasing its supply contributed to a more pessimistic outlook. Brent crude futures Read More
Oil prices are poised to experience a weekly decline due to the prospect of increased global supply. Oil prices experienced a slight increase on Friday; however, they remained poised for a weekly decline. This situation arises as a potential increase in OPEC+ output and a possible ceasefire in the Russia-Ukraine conflict could enhance supply, while Read More
