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
Oil prices exhibited minimal variation on Friday following a decline in the preceding session, positioning themselves for a second consecutive weekly decrease. This trend is attributed to diminishing worries regarding a potential conflict involving Iran that could disrupt supply, alongside projections indicating that supply will surpass demand this year. Brent crude oil futures experienced an Read More
Oil prices experienced a slight increase on Thursday morning amid investor concerns regarding the rising tensions between the U.S. and Iran. Brent crude oil futures increased by 34 cents, representing a 0.49% rise, reaching $69.74 per barrel at 0126. U.S. West Texas Intermediate crude increased by 37 cents, or 0.57%, reaching a price of $65.00. Read More
Oil remained stable on Wednesday, receiving support as the market anticipated further direction amid ongoing U.S.-Iran discussions, with persistent geopolitical uncertainty contributing to price stability. Brent crude oil futures experienced an increase of 23 cents, representing a 0.3% rise, reaching $69.03 per barrel as of 0100. U.S. West Texas Intermediate crude experienced an increase of Read More
Oil prices experienced a modest decline on Tuesday as traders assessed the likelihood of supply disruptions following U.S. guidance for vessels navigating the Strait of Hormuz, which maintained focus on the ongoing tensions between Washington and Tehran. Brent crude oil futures experienced a decline of 25 cents, equivalent to 0.4%, settling at $68.79 per barrel Read More
Oil prices declined on Monday following the commitment from the U.S. and Iran to persist in discussions regarding the Middle Eastern producer’s nuclear programme, alleviating worries about a potential conflict that might interfere with supply from the region. Brent crude futures experienced a decline of 49 cents, or 0.72%, reaching $67.56 a barrel by 0134, Read More
US crude futures continued their downward trend on Friday, poised for their first weekly decline in several weeks, as worries regarding supply disruptions in the Middle East diminished, with investors turning their attention to the anticipated results of U.S.-Iran nuclear discussions in Oman later in the day. Brent crude futures experienced a decline of 50 Read More
Oil prices declined approximately 2% on Thursday following the agreement between the U.S. and Iran to engage in discussions in Oman on Friday. This development alleviated apprehensions regarding a potential military conflict that could interfere with supply from the crucial Middle East-producing region. Brent crude futures declined by $1.44, representing a decrease of 2.07%, settling Read More
