Oil prices rose sharply on Wednesday, with Brent crude settling up $2.11, or 2.64%, at $82.03 a barrel, its highest since August. U.S. West Texas Intermediate (WTI) climbed $2.54, or 3.28%, to $80.04, marking its highest close since July.The rally followed a significant drop in U.S. crude inventories to their lowest level since 2022, driven […]
Oil prices eased on Tuesday as the U.S. Energy Information Administration (EIA) forecast steady domestic oil demand in 2025 alongside a slight increase in supply projections. However, losses were limited by new U.S. sanctions targeting Russian oil exports to India and China. Brent crude dropped $1.09 (-1.35%) to settle at $79.92 per barrel, while WTI […]
Oil prices rose roughly 2% on Monday to reach a four-month high, driven by expectations that expanded U.S. sanctions on Russian oil would prompt major buyers like India and China to seek alternative suppliers. Brent crude gained $1.25 (+1.6%) to close at $81.01, its highest since August 26. WTI rose $2.25 (+2.9%) to settle at […]
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“Nothing is a waste of time if you use the experience wisely.” -Auguste Rodin Jobs Update Stocks closed lower on Friday of last week and lower week over week The DOW closed lower on Friday of last week, down -696.75 points (-1.63%) and closing out the week at 41,938.45, down -793.68 points week-over-week. The S&P […]
Oil prices surged nearly 3% on Friday, reaching three-month highs as traders prepared for supply disruptions from the U.S.’s most comprehensive sanctions package targeting Russia’s oil and gas revenues. Brent crude settled at $79.45 (+$2.53, +3.3%), briefly surpassing $80, while WTI closed at $76.30 (+$2.38, +3.2%). Earlier in the session, both benchmarks gained over 4% […]
Oil prices climbed over 1% on Thursday, with Brent settling at $76.92 (+$0.76, +1%) and WTI at $73.92 (+$0.60, +0.82%), driven by heightened winter fuel demand amid cold weather in the U.S. and Europe. Analysts noted that for every degree Fahrenheit below the 10-year average, heating oil and propane consumption increases by 113,000 barrels per […]
On Wednesday, oil prices edged higher but gave up some earlier gains as the strengthening U.S. dollar exerted pressure on the market. Brent crude settled at $77.37 per barrel, up $0.32 (+0.42%), while U.S. West Texas Intermediate (WTI) rose $0.47 (+0.63%) to close at $74.72 per barrel. Both benchmarks had climbed over 1% earlier in […]
Oil prices rose on Tuesday, supported by concerns over supply disruptions from Russia and Iran due to Western sanctions and expectations of higher demand from China. Brent crude settled at $77.05 per barrel, up $0.75 (+0.98%), while U.S. West Texas Intermediate (WTI) closed at $74.25 per barrel, up $0.69 (+0.94%). Traders cited tight post-holiday supplies […]
Oil prices declined on Monday in a volatile session as bearish economic news from the U.S. and Germany countered the bullish impact of a weaker U.S. dollar and increased heating demand due to a winter storm. Brent crude dropped 21 cents (0.3%) to $76.30 a barrel, while WTI fell 40 cents (0.5%) to $73.56. Despite […]