Oil prices declined on Tuesday after reaching a five-month high as traders weighed diplomatic efforts between Iran and the United States against continued Houthi attacks on Saudi infrastructure and reports of vessel attacks in the Gulf. Brent crude futures settled down 76 cents, or 0.69%, at $108.79 a barrel after reaching an intraday high of […]

Oil prices were mixed on Monday as renewed Houthi attacks on Saudi energy facilities and increased threats to shipping through the Strait of Hormuz raised concerns over global oil supplies. Brent crude futures fell 31 cents, or 0.3%, to settle at $109.55 a barrel, while U.S. West Texas Intermediate (WTI) rose $2.25, or 2.2%, to […]

Oil prices rose sharply on Friday as escalating tensions in the Middle East raised concerns about further supply disruptions, while uncertainty remained over how much diesel Russia could deliver to global markets. Brent crude futures settled up $3.94, or 3.7%, at $109.86 a barrel, the highest level since May 19. U.S. West Texas Intermediate (WTI) […]

Oil prices were mixed on Thursday as investors weighed potential U.S. steps to ease restrictions on sanctioned oil tankers, while escalating conflict in the Middle East continued to support prices. Brent crude futures settled down 14 cents, or 0.13%, at $105.92 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $2.88, or 3.03%, to […]

Oil prices moved higher on Wednesday as escalating attacks on Saudi energy infrastructure and growing threats to shipping through the Strait of Hormuz increased concerns over global supply disruptions. The latest developments in the Middle East outweighed expectations that additional Russian diesel exports could help ease tight fuel markets. Brent crude futures rose 37 cents, […]

Oil prices finished mixed on Tuesday as expectations for increased Russian diesel supplies competed with escalating tensions in the Middle East. Continued attacks on Saudi Arabia and Yemen raised concerns about further supply disruptions, while uncertainty surrounding Russian fuel exports limited the market’s response to potential increases in available supplies. Brent crude futures fell 96 […]

Oil prices climbed on Monday as escalating attacks in the Middle East raised concerns over potential supply disruptions, outweighing expectations for additional oil and diesel supplies from Russia. Continued threats to shipping routes and energy infrastructure kept upward pressure on crude prices despite efforts to increase available supplies. Brent crude futures rose $1.93, or 1.8%, […]

Oil prices finished higher on Friday as Hurricane Isaias continued to threaten U.S. Gulf Coast energy production, offsetting pressure from renewed optimism surrounding potential negotiations between the U.S. and Iran. Prices fluctuated throughout the session as traders weighed the possibility of easing geopolitical tensions against ongoing supply disruptions. Brent crude futures rose 44 cents, or […]

Oil prices surged on Thursday as renewed concerns over the war in the Middle East combined with growing disruptions to U.S. Gulf oil production from Hurricane Isaias. Both major crude benchmarks gained more than 3%, with prices reaching their highest levels in more than a week before easing from their session highs. Brent crude futures […]

Oil prices moved lower on Wednesday after a volatile trading session as markets reacted to plans by the International Energy Agency to accelerate emergency oil stock releases, with a focus on diesel supplies. Continued concerns over disruptions in the Middle East, the war in Ukraine and an approaching storm in the Gulf of Mexico limited […]