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 an uptick on Friday, October 30, as market participants evaluated the likelihood of the United States reinstating military actions against Iran, which heightened apprehensions regarding regional stability and the potential for disruptions in energy supplies. Brent crude increased to $118, reflecting a 2.5% rise per barrel. US West Texas Intermediate crude gained Read More
Oil prices experienced an uptick on Wednesday following an assault on a Saudi Arabian refinery, which reignited apprehensions regarding potential supply disruptions in the Middle East, particularly in light of the ongoing conflict involving Iran and its affiliates. Saudi Arabia holds the position as the largest exporter of crude oil globally. Yemen’s Iran-aligned Houthis announced Read More
Oil prices experienced a rebound of over 1% on Monday following US President Donald Trump’s dismissal of an Iranian peace proposal intended to address the conflict and facilitate the reopening of the Strait of Hormuz, thereby maintaining heightened tensions in the Middle East. Iran introduced a peace proposal at the UN General Assembly in New Read More
Oil prices declined by more than one percent on Friday as markets weighed the potential for a US-Iran truce against new security threats in the Middle East, particularly following a Houthi missile attack on Saudi Arabia that reignited concerns over supply disruptions. Negotiators from the US and Iran are currently engaged in discussions in New 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
Oil prices experienced a modest increase on Tuesday following a four-day decline, as market participants anticipated updates regarding potential discussions between the US and Iran at the United Nations General Assembly this week. On Sunday, Iran and the United States exchanged threats, while US President Donald Trump expressed a willingness to meet with Iranian President 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
Following the largest attacks on shipping by Iran and the United States since the start of their six-month dispute, oil prices stayed high on Thursday after Brent crude surpassed $100 per barrel as markets evaluated the possibility of a more significant disruption in supply. Iran announced on Wednesday that it had targeted 10 vessels in Read More
