Oil prices continued to rise on Monday, with Brent on track for a historic monthly increase, following the Yemeni Houthis’ initial attacks on Israel over the weekend, thereby escalating the U.S.-Israel conflict with Iran in the Middle East. Brent crude futures experienced an increase of $3.09, representing a 2.74% rise, reaching $115.66 a barrel by Read More
Oil prices declined by over 5% on Wednesday due to the potential for a ceasefire that could alleviate supply disruptions from the crucial Middle East production area, following reports that the U.S. presented Iran with a 15-point plan to resolve the conflict between them. Brent crude futures experienced a decline of $6.21, representing a 5.9% Read More
Oil prices experienced an increase of up to 3% on Thursday, following Iran’s assault on multiple energy facilities throughout the Middle East, which was a response to a strike on its South Pars gas field. This incident marks a significant escalation in Tehran’s ongoing conflict with the U.S. and Israel. Brent futures increased by $3.69, Read More
Oil prices increased by over 2% in early trading on Tuesday, recovering some of the losses from the previous session, amid concerns regarding supply as the Strait of Hormuz remains largely closed and U.S. allies have declined requests to deploy warships to assist tankers navigating this crucial passage. Brent futures increased by $2.48, or 2.5%, Read More
Oil prices declined on Tuesday following a peak not seen in over three years during the previous session, as U.S. President Donald Trump suggested that the conflict in the Middle East might conclude shortly, alleviating worries regarding extended interruptions to global oil supplies. International Brent crude experienced a decline of nearly 11%, settling at $88.36 Read More
The primary US benchmark for oil experienced a surge exceeding 30 percent on Monday, driven by apprehensions that the ongoing conflict in the Middle East may lead to extended supply disruptions. At 0230, West Texas Intermediate was up 30.04 percent at $118.21 per barrel, before easing slightly, while Brent Crude was 27.54 percent higher at Read More
Oil prices experienced a decline on Friday, positioning themselves for a weekly downturn, as discussions between the United States and Iran regarding the OPEC member’s nuclear program were prolonged. This development alleviated apprehensions regarding possible hostilities that might interfere with supply chains. Brent crude futures declined by 28 cents, or 0.4%, settling at $70.47 per Read More
Oil prices increased on Thursday, remaining close to seven-month highs, as investors assessed the potential of U.S.-Iran discussions to prevent a military conflict that could disrupt supply. However, the gains were limited by an increase in U.S. crude inventories. Brent futures were priced at $71.12 per barrel, reflecting an increase of 27 cents, or 0.3%, Read More
Oil prices remained stable on Tuesday as investors evaluated the potential risks of supply disruption following Iran’s naval drills near the Strait of Hormuz, occurring just before the scheduled nuclear talks with the U.S. later in the day. U.S. President Donald Trump stated on Monday that he would participate “indirectly” in the discussions in Geneva, Read More
Oil prices exhibited little movement on Monday in anticipation of discussions between Washington and Tehran. Concerns regarding Iran-U.S. tensions that could potentially disrupt oil flows are providing support for prices, while OPEC+ appears inclined to resume output increases starting in April. Brent crude futures experienced a slight decline of 3 cents, settling at $67.72 a Read More
