Brent crude futures experienced an increase of nearly 2% during early on Tuesday, following the U.S. military’s execution of strikes in southern Iran, characterised as defensive measures. This development has contributed to heightened market tension, as a resolution to the ongoing conflict remains unattainable for both parties. Brent futures increased by $1.40, representing a 1.5% Read More
Oil prices experienced a rebound on Thursday following two consecutive days of declines, driven by persistent supply concerns stemming from the ambiguous prospects regarding the conclusion of the Iran conflict. Additionally, a reduction in U.S. inventories heightened apprehensions about the depletion of global stockpiles. Brent crude futures increased by 81 cents, representing a 0.77% rise, Read More
Oil prices experienced a decline exceeding 2% during the early hours of Asian trading on Tuesday, following remarks from U.S. President Donald Trump regarding the suspension of a proposed military action against Iran, aimed at facilitating negotiations to resolve the ongoing conflict in the Middle East. Brent futures for July delivery decreased by $3.01, representing Read More
Oil prices experienced an uptick on Friday amid ongoing market apprehensions regarding ship attacks and seizures, even as Iran reported that approximately 30 vessels had navigated through the Strait of Hormuz. Concurrently, the U.S. and Chinese presidents were scheduled for a second day of discussions in Beijing. Brent crude oil futures increased by 60 cents, Read More
Oil prices experienced a slight increase on Thursday as market participants anticipated a meeting between U.S. President Donald Trump and Chinese President Xi Jinping later in the day, while traders remained attentive to developments regarding the Iran conflict. Brent crude futures increased by 13 cents, or 0.12%, reaching $105.76 a barrel by 0015, whereas U.S. Read More
Oil prices experienced a decline on Wednesday following three consecutive days of increases, as market participants remained attentive to updates regarding the tenuous ceasefire in the Iran conflict and the impending high-stakes summit between U.S. President Donald Trump and Chinese President Xi Jinping. Brent crude futures declined by 82 cents, representing a decrease of 0.76%, Read More
Oil prices increased during early Asian trading on Tuesday, as the negotiations aimed at resolving the conflict between the United States and Iran seemed tenuous. Tehran’s reaction to a U.S. proposal underscored significant disparities, sustaining apprehensions regarding supply. Brent crude futures increased by 30 cents, or 0.29%, reaching $104.51 per barrel, whereas U.S. West Texas Read More
Oil prices experienced an increase of over 1% on Friday following the resurgence of hostilities between the U.S. and Iran, which jeopardized a fragile ceasefire and undermined expectations for advancements in the reopening of the Strait of Hormuz, a critical transit route for oil and gas. Brent crude futures increased by $1.41, reflecting a rise Read More
Oil prices experienced a decline on Tuesday following a significant increase of up to 6% in the prior session. This shift comes amid indications that the U.S. Navy may be relaxing Iran’s blockade of the crucial Strait of Hormuz, which could lead to a potential increase in supply from this vital Middle Eastern production region. Read More
Oil saw an increase on Friday as efforts to resolve the Iran conflict reached an impasse, with Tehran persisting in its obstruction of the Strait of Hormuz while the U.S. Navy hindered the export of Iranian crude. Brent crude futures for July rose by $1.19, marking an increase of 1.08%, and reached $111.59 a barrel Read More
