Brent crude declined 7.8% to settle at $101.27 per barrel, while U.S. West Texas Intermediate (WTI) fell 7.0% to $95.08. Both benchmarks touched two-week lows during the session, with Brent briefly dropping below $100 for the first time since late April. The selloff was driven by reports that the United States and Iran are nearing a […]
Brent crude fell 4.0% to settle at $109.87 per barrel, while U.S. West Texas Intermediate (WTI) dropped 3.9% to $102.27. The pullback followed a roughly 6% surge on Monday, with analysts pointing to a mix of technical correction and improved sentiment around geopolitical developments. Market pressure came as reports indicated that at least some vessels […]
Oil prices jumped sharply on Monday as renewed military escalation in the Middle East heightened concerns over further disruptions to global energy supply. Brent crude rose 5.8% to settle at $114.44 per barrel, while U.S. West Texas Intermediate (WTI) gained 4.4% to $106.42. The move marked one of the largest daily increases since the ceasefire between […]
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“Life is precarious, and life is precious. Don’t presume you will have it tomorrow, and don’t waste it today.” – John Piper. Jobs Update Stocks closed mixed on Friday of last week and higher week-over-week The DOW closed lower on Friday of last week, down -152.87 points (-0.31%), closing out the week at 49,499.27, up […]
Brent crude settled down 2.0% at $108.17 per barrel, while U.S. West Texas Intermediate (WTI) fell 3.0% to $101.94. Earlier in the week, Brent surged to $126.41—its highest level since March 2022—highlighting the elevated volatility in the market. The decline followed reports that Tehran delivered a fresh negotiating proposal via Pakistani mediators, signaling a possible […]
Brent crude rose as high as $126.41 per barrel—its highest level since March 2022—before settling down 3.4% at $114.01. U.S. West Texas Intermediate (WTI) also retreated from intraday highs, closing 1.7% lower at $105.07. Despite the pullback, both benchmarks remain on track for a fourth consecutive monthly gain. The decline appeared technical rather than fundamentally […]
Oil prices jumped more than 6% on Wednesday, settling at their highest levels in weeks as stalled U.S.-Iran negotiations reinforced concerns over prolonged disruptions to Middle Eastern supply. Brent crude rose 6.1% to $118.03 per barrel—its eighth consecutive gain—while U.S. West Texas Intermediate (WTI) climbed 7% to $106.88. Brent briefly pushed toward $120 in post-settlement […]
Oil prices climbed nearly 3% on Tuesday, extending their rally as persistent supply disruptions tied to the Strait of Hormuz outweighed bearish developments from the United Arab Emirates’ decision to exit OPEC+. Brent crude settled at $111.26 per barrel, up 2.8% and marking a seventh consecutive gain, while U.S. West Texas Intermediate (WTI) rose 3.7% […]
Oil prices advanced on Monday, climbing roughly 3% to a two-week high as stalled U.S.-Iran negotiations and continued disruptions in the Strait of Hormuz kept global supply conditions tight. Brent crude settled at $108.23 per barrel, up 2.8%, while U.S. West Texas Intermediate (WTI) rose 2.1% to $96.37. The move extended Brent’s rally to six […]