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 […]
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“Be at war with your vices, at peace with your neighbors, and let every new year find you a better man.” – Benjamin Franklin Jobs Update Stocks closed higher on Friday of last week, but lower week over week The DOW closed higher on Friday of last week, up 339.86 points (-0.8%) and closing out […]
Oil prices rose on Friday, continuing their upward momentum and heading for notable weekly gains. Brent crude climbed $0.69 (+0.9%) to $76.62 per barrel by mid-day trading, while U.S. West Texas Intermediate (WTI) increased $1.11 (+1.5%) to $74.24. For the week, Brent was set to gain 3.3%, with WTI poised for a 5% increase. Prices […]
Oil prices rose sharply on Thursday, the first trading day of 2025, as optimism over China’s economic policies and fuel demand boosted sentiment. Brent crude settled at $75.93 per barrel, up $1.29 (+1.7%), while U.S. West Texas Intermediate (WTI) closed at $73.13 per barrel, gaining $1.41 (+2%). However, swelling U.S. gasoline and distillate inventories limited […]
Oil prices ended higher on the final trading day of 2024, with Brent crude settling at $74.64 per barrel, up $0.65 (+0.88%), and U.S. West Texas Intermediate (WTI) at $71.72 per barrel, rising $0.73 (+1.03%). Despite the daily gains, Brent recorded a 3% annual decline from its 2023 close of $77.04, while WTI remained largely […]