Oil prices dropped more than 2% on Monday, with Brent crude falling $2.04 (2.76%) to $71.83 per barrel and U.S. WTI crude declining $2.34 (3.32%) to $68.04 per barrel. This followed a more than 2% drop on Friday. The market was weighed down by China’s latest stimulus plan, which failed to boost investor confidence in […]
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Oil prices fell over 2% on Friday, as supply fears from Hurricane Rafael eased and China’s economic stimulus measures underwhelmed traders. U.S. WTI crude futures dropped by $1.98 (2.7%) to $70.35 per barrel, and Brent crude fell by $1.76 (2.3%) to $73.87 per barrel. Energy producers had preemptively shut down more than 23% of Gulf […]
Oil prices rose nearly 1% on Thursday, with Brent crude up 71 cents (0.95%) to $75.63 a barrel and U.S. WTI crude increasing 67 cents (0.93%) to $72.36. The market reacted to potential supply impacts from President-elect Donald Trump’s policies, including the possibility of renewed sanctions on Iran and Venezuela, which could reduce oil availability, […]
Oil prices declined on Wednesday, with Brent settling down 0.81% at $74.92 per barrel and WTI down 0.42% to $71.69. Investors weighed a strong U.S. dollar and concerns around foreign-policy implications of President-elect Donald Trump’s re-election. The initial market response saw a sharp drop as the dollar surged to its highest since September 2022, making […]
Oil prices rose around 1% on Tuesday, driven by the potential disruption in U.S. Gulf of Mexico oil production due to Tropical Storm Rafael and a weakening dollar amid the close U.S. presidential race. Brent crude futures increased by 45 cents, or 0.6%, settling at $75.53 a barrel, while WTI crude futures rose 52 cents, […]
Oil prices rose nearly 3% on Monday as OPEC+ announced it would delay a planned increase in output by a month, extending cuts of 2.2 million barrels per day through December due to weak demand and falling prices. Brent crude futures gained $1.98, or 2.7%, reaching $75.08 a barrel, while WTI crude rose by 2.85% […]
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Oil prices rose slightly on Friday amid reports that Iran was planning a retaliatory strike on Israel from Iraq, though record U.S. oil production limited gains. Brent crude increased by 29 cents, or 0.4%, to settle at $73.10 a barrel, while WTI crude rose 23 cents, or 0.3%, to $69.49. Despite early-session gains of over […]
Oil prices surged on Thursday, jumping over $2 a barrel in post-settlement trading after reports suggested that Iran might launch an attack on Israel from Iraqi territory in the coming days. Brent crude futures rose $2.10, or 2.91%, to $74.26, while WTI crude climbed $2.15, or 3.13%, to $70.76. Reports indicate the attack, expected to […]