Oil prices moved lower on Monday as traders weighed supply disruptions tied to escalating U.S.–Venezuela tensions against persistent oversupply concerns and renewed optimism around a potential Russia-Ukraine peace agreement. Brent crude settled at $60.56, down $0.56, while WTI finished at $56.82, a decline of $0.62. Both benchmarks are coming off losses of more than 4% […]

Oil prices finished lower on Friday, capping a weekly decline of roughly 4% as persistent oversupply concerns and the prospect of a Russia-Ukraine peace agreement outweighed geopolitical tensions tied to Venezuela. Brent settled at $61.12, down $0.16, while WTI closed at $57.44, also down $0.16. Both benchmarks had already fallen about 1.5% on Thursday and […]

Oil prices moved lower on Thursday as traders focused on ongoing Russia-Ukraine peace negotiations and the continued buildup of U.S. fuel inventories. Brent settled at $61.28, down $0.93 (-1.49%), while WTI finished at $57.60, down $0.86 (-1.47%). Both benchmarks spent much of the session down nearly 2%, returning to levels last seen in October. Weakness […]

Oil prices edged higher on Wednesday after U.S. officials confirmed the seizure of an oil tanker off the coast of Venezuela, adding to near-term supply concerns in an already fragile market. Brent settled at $62.21, up $0.27, while WTI gained $0.21 to close at $58.46. Analysts said the action — led by the U.S. Coast Guard — […]

Oil prices slipped again on Tuesday as traders weighed slow-moving peace efforts between Russia and Ukraine, concerns about growing supply, and the Federal Reserve’s upcoming rate decision. Brent settled at $61.94, down $0.55, while WTI closed at $58.25, down $0.63. The declines followed Monday’s sharp drop after Iraq restored output at the West Qurna-2 field, […]

Oil prices fell nearly 2% on Monday after Iraq restored output at the West Qurna-2 field, removing a supply disruption that had briefly supported prices. Brent settled at $62.49, down $1.26, while WTI ended at $58.88, down $1.20. Both benchmarks had closed on Friday at their highest levels since November 18 before giving back gains […]

Oil prices settled higher on Friday, edging to their highest levels in two weeks as expectations for a Federal Reserve rate cut strengthened and geopolitical uncertainty continued to shape supply outlooks. Brent gained $0.49 to settle at $63.75, while WTI finished $0.41 higher at $60.08. Both benchmarks logged weekly gains, with Brent up about 1% […]

Oil prices settled higher on Thursday as expectations for a Federal Reserve rate cut lifted sentiment, while stalled Ukraine peace negotiations reduced the likelihood of Russian oil returning to the market in the near term. Brent rose $0.59 to $63.26, and WTI gained $0.72 to close at $59.67. Crude futures briefly climbed more than a […]

Oil prices edged higher on Wednesday after U.S.–Russia negotiations failed to produce a breakthrough on ending the war in Ukraine, tempering expectations that sanctions on Moscow’s energy sector might soon be lifted. Brent rose $0.22 to settle at $62.67, while WTI gained $0.31 to close at $58.95, partially recovering from Tuesday’s pullback. Fresh inventory figures […]

Oil prices slipped on Tuesday as traders weighed renewed uncertainty around Russia-Ukraine peace efforts against persistent concerns about oversupply. Brent settled at $62.45, down $0.72, while WTI finished at $58.64, down $0.68. The declines came after both benchmarks gained more than 1% on Monday. The market focused on fresh diplomatic activity as President Putin met […]