Oil prices climbed nearly 2% on Wednesday, lifted by geopolitical tensions from Israel’s strike in Qatar, Poland’s downing of Russian drones, and fresh U.S. pressure for sanctions on Russian oil buyers, though a bearish U.S. inventory report capped gains. Brent crude settled at $67.49, up $1.10 (1.7%), while U.S. West Texas Intermediate (WTI) closed at […]
Oil prices rose almost 2% on Tuesday after Israel expanded its Middle East campaign with an attack on Hamas leadership in Doha, drawing sharp condemnation from Qatar and other regional powers. Brent crude settled at $66.39 up 37 cents (0.6%), after touching a session high of $67.38. U.S. West TexasIntermediate (WTI) closed at $62.63, also […]
Brent crude settled at $66.02, up 52 cents (0.79%), while U.S. West Texas Intermediate (WTI) closed at $62.26, up 39 cents (0.63%). Both benchmarks had been up more than $1 earlier in the session. Prices fell more than 3% last week, including a sharp 2% drop on Friday after weak U.S. jobs data. OPEC+ agreed […]
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“The hardest arithmetic to master is that which enables us to count our blessings.”– Eric Hoffer Jobs Update • Initial jobless claims seasonally adjusted for the week ending August 30, 2025 came in at 237,000, versus the adjusted number of 229,000 people from the week prior, up 8,000 people week over week. • Continuing jobless claims came […]
Brent crude settled at $65.50, down $1.49 (−2.22%), while U.S. West Texas Intermediate (WTI) closed at $61.87, down $1.61 (−2.54%). The selloff came amid a “perfect storm” of bearish signals, analysts said. U.S. payrolls increased by only 22,000 in August, far below forecasts for 75,000 and down sharply from July’s upwardly revised 79,000. The soft […]
Brent crude settled at $66.95, down 65 cents (−1.0%), while U.S. West Texas Intermediate (WTI) closed at $63.48, down 49 cents (−0.8%). It was Brent’s lowest close since August 20. The EIA reported a 2.4 million-barrel increase in U.S. crude inventories for the week ending August 29, compared with expectations for a 2.0 million-barrel draw. […]
Brent crude settled at $67.60, down $1.54 (−2.23%), while U.S. West Texas Intermediate (WTI) closed at $63.97, down $1.62 (−2.47%). The core eight OPEC+ members are considering another increase in October production quotas, potentially unwinding a second layer of cuts of 1.65 million barrels per day (1.6% of world demand) more than a year ahead […]
Brent crude settled at $69.14, up 99 cents (1.45%), while West Texas Intermediate (WTI) closed at $65.59, up $1.58 (2.47%). The U.S. Treasury sanctioned a shipping network accused of disguising Iranian crude as Iraqi oil, in a move analysts said reaffirmed Washington’s hard line on Tehran amid stalled nuclear talks. “The U.S. cracking down on […]
“The hardest arithmetic to master is that which enables us to count our blessings.” – Eric Hoffer On Mobile? Click here to download the PDF