Oil prices declined for a second consecutive session on Friday, despite the United States’ threat to maintain a naval blockade of Iran indefinitely, which has reignited concerns regarding crude supplies. The decision was made a day following a decline in oil prices attributed to a less optimistic forecast for global demand. Brent crude futures experienced Read More
Oil prices declined by over $1 on Thursday following revisions by major forecasters to their projections for global oil demand in 2026, attributing the changes to disruptions stemming from the U.S.-Israeli conflict involving Iran. However, supply concerns stemming from the conflict persisted in offering some support to prices. Brent futures experienced a decline of $1.29, Read More
Oil prices continued to rise for a second consecutive session on Tuesday, building on a more than 5% increase on Monday. The diminishing prospects of a US-Iran agreement to resolve the conflict and reopen the Strait of Hormuz have contributed to prices remaining close to their highest levels in over a week. Brent crude futures Read More
Oil prices continued their decline for a third consecutive session on Wednesday as investors monitored progress regarding initiatives to resolve the U.S.-Iran conflict and restore commercial shipping through the Strait of Hormuz. Brent crude futures experienced a decrease of $1.1, representing a 1.34% decline, settling at $78.30 per barrel. Meanwhile, U.S. West Texas Intermediate crude Read More
Oil prices fell by $4 a barrel on Monday following U.S. President Donald Trump’s decision to refrain from launching a new offensive against Iran, as he aims for a swift agreement that would curb Tehran’s nuclear aspirations and restore access to the Strait of Hormuz. Brent crude futures decreased by $4.08, representing a decline of Read More
Oil prices increased by 5% following three consecutive days of declines, as hostilities reignited in the Middle East, concluding a period of relative tranquillity and rekindling worries about possible interruptions to energy supplies. The action was prompted by a report from the U.S. military indicating that it had intercepted an Iranian “surprise attack” on its Read More
Oil prices declined by 1% on Tuesday as market participants continued to assess a potential pause in U.S. strikes on Iran, which has fostered optimism regarding a diplomatic resolution to their conflict and the normalisation of energy flows in the Middle East. Brent crude futures experienced a decline of $0.54, representing a decrease of 0.6%, Read More
Oil prices experienced a decline of more than 5% on Monday, attributed to the cessation of strikes between the US and Iran over the weekend, which followed a fortnight of hostilities. The pause has elevated expectations that diplomatic efforts may facilitate a resolution to the conflict, potentially restoring normal shipping operations through the Strait of Read More
Oil prices increased by over 1.5%, reaching their highest level in more than six weeks on Thursday. This uptick followed the United States initiating a new series of strikes on Iran, while Yemen’s Houthis targeted oil tankers in the Red Sea. Brent crude futures increased by $1.93, representing a 2% rise, reaching $96 by 0011, Read More
Oil prices declined on Tuesday as traders weighed reports of renewed diplomatic initiatives between the U.S. and Iran against recent military exchanges and threats from Yemen’s Houthis regarding a naval blockade of Saudi Arabia. Brent crude futures declined by 35 cents, representing a 0.4% decrease, settling at $88.87 per barrel. Meanwhile, U.S. West Texas Intermediate Read More
