Oil prices moved sharply lower on Tuesday, as renewed hopes for diplomatic progress weighed on markets amid signs that Iran could resume talks with the U.S. and Israel to end the conflict. Brent crude fell $4.57, or 4.6%, to settle at $94.79 per barrel, while U.S. West Texas Intermediate (WTI) dropped $7.80, or 7.9%, to […]

Oil prices moved higher on Monday, rising roughly 4% after the U.S. military initiated a blockade of vessels departing Iranian ports, increasing tensions following the breakdown of weekend talks aimed at ending the conflict. Brent crude gained $4.16, or 4.4%, to settle at $99.36 per barrel, while U.S. West Texas Intermediate (WTI) rose $2.51, or […]

Oil futures moved lower on Friday, capping their steepest weekly decline since 2022 as markets positioned ahead of upcoming U.S.-Iran talks aimed at securing a more durable ceasefire. Brent crude settled down 72 cents, or 0.8%, at $95.20 per barrel, posting a weekly loss of 12.7%. U.S. West Texas Intermediate (WTI) fell $1.30, or 1.3%, to […]

Oil prices closed modestly higher on Thursday but remained below $100 per barrel for a second consecutive session, as markets balanced a fragile Middle East ceasefire against ongoing disruptions to energy flows. Brent crude settled up $1.17, or 1.2%, at $95.92 per barrel after earlier rising above $99. U.S. West Texas Intermediate (WTI) gained $3.46, or […]

Oil prices plunged on Wednesday, falling below $100 per barrel, as markets reacted to a temporary ceasefire agreement between the U.S. and Iran that raised expectations for a potential reopening of the Strait of Hormuz. Brent crude dropped $14.52, or 13.3%, to settle at $94.75 per barrel, while U.S. West Texas Intermediate (WTI) fell $18.54, […]

U.S. WTI crude futures settled 54 cents higher at $112.95 per barrel after earlier climbing above $117, while Brent crude edged down 50 cents to $109.27. Price action continues to be driven by disruptions linked to the Strait of Hormuz, which remains largely closed.. Geopolitical risks remain elevated, with continued escalation in infrastructure attacks across […]

Oil prices edged higher in choppy trading on Monday, as escalating rhetoric between the U.S. and Iran offset ongoing indirect talks that could potentially lead to a de-escalation in hostilities. Brent crude settled at $109.77 per barrel, up 74 cents, or 0.7%, while U.S. West Texas Intermediate (WTI) rose 87 cents, or 0.8%, to $112.40. Price […]

Oil prices surged on Thursday in highly volatile trading, as renewed concerns over prolonged supply disruptions followed signals that U.S. military operations against Iran would intensify. Brent crude rose $7.87, or 7.8%, to settle at $109.03 per barrel, while U.S. West Texas Intermediate (WTI) jumped $11.42, or 11.4%, to $111.54—marking its largest absolute daily gain […]

Oil prices moved lower on Wednesday, extending recent losses after signals from the U.S. administration pointed toward a potentially shorter timeline for the conflict with Iran. Front-month Brent for June fell $2.91, or 2.8%, to $101.06 per barrel after touching an intraday low of $98.35. U.S. West Texas Intermediate (WTI) for May declined $1.96, or […]

Brent crude futures declined sharply on Tuesday, with the June contract falling more than $3 amid unconfirmed reports that Iran may be open to ending the conflict if certain conditions are met. The more actively traded June Brent contract settled down $3.42 at $103.97 per barrel, reversing earlier strength following headlines suggesting potential de-escalation. Meanwhile, […]