Author: guida

Oil futures declined on Friday, with Brent crude falling by $1.39 (1.87%) to settle at $73.06 per barrel, and U.S. West Texas Intermediate (WTI) dropping by $1.45 (2.05%) to $69.22. Both benchmarks saw their steepest weekly declines since early September, with Brent down over 7% and WTI losing about 8%. Concerns over slowing economic growth […]

Oil prices edged up slightly on Thursday, recovering from recent two-week lows following data showing a drop in U.S. crude and fuel inventories. Brent crude rose by 23 cents (0.31%) to settle at $74.45 a barrel, while U.S. West Texas Intermediate (WTI) ended down 28 cents (0.4%) at $70.67. U.S. crude inventories fell by 2.2 […]

Oil prices dropped over 4% on Tuesday, hitting a near two-week low, due to a weakened demand outlook and a report indicating that Israel would not target Iranian nuclear or oil sites, alleviating concerns of supply disruptions. Brent crude fell $3.21 (4.14%) to $74.25 a barrel, while West Texas Intermediate (WTI) dropped $3.25 (4.4%) to […]

Oil prices dropped over 4% on Tuesday, hitting a near two-week low, due to a weakened demand outlook and a report indicating that Israel would not target Iranian nuclear or oil sites, alleviating concerns of supply disruptions. Brent crude fell $3.21 (4.14%) to $74.25 a barrel, while West Texas Intermediate (WTI) dropped $3.25 (4.4%) to […]

Oil prices dropped 2% on Monday as OPEC reduced its global oil demand growth outlook for 2024 and 2025, while China’s oil imports fell for the fifth consecutive month. Brent crude futures settled at $77.46 per barrel, down $1.58 (2%), and U.S. West Texas Intermediate (WTI) dropped $1.73 (2.29%) to $73.83. China, the world’s largest […]

Oil prices fell on Wednesday due to rising U.S. crude inventories, but concerns over potential Iranian supply disruptions from the Middle East conflict and Hurricane Milton limited losses. Brent crude settled at $76.58 per barrel, down 60 cents (0.8%), and WTI dropped 33 cents (0.5%) to $73.24. U.S. crude inventories increased by 5.8 million barrels […]

Oil prices dropped over 4% on Tuesday following news of a potential ceasefire between Hezbollah and Israel, which eased immediate concerns over regional conflict impacting oil supply. Brent crude futures fell $3.75, or 4.63%, to settle at $77.18 per barrel, while U.S. West Texas Intermediate (WTI) dropped $3.57, or 4.63%, to $73.57 per barrel. Both […]