Oil prices ended slightly higher on Friday after a volatile session, rallying on reports of potential U.S. air strikes on Venezuela. Brent crude settled at $65.07 a barrel, up $0.07 (0.11%), while U.S. West Texas Intermediate closed at $60.98, up $0.41 (0.68%). Prices initially spiked after several outlets reported that U.S. military operations against Venezuela […]

Oil prices held near even on Thursday as traders weighed progress in U.S.-China trade talks against concerns of continued oversupply. Brent crude rose $0.08 (0.1%) to $65.00 a barrel, while U.S. West Texas Intermediate gained $0.09 (0.1%) to $60.57. President Trump announced a one-year trade agreement with Chinese President Xi Jinping following their meeting in […]

Oil prices rose on Wednesday after U.S. data showed a larger-than-expected draw in crude and fuel inventories, while optimism around trade talks between Presidents Trump and Xi helped lift broader market sentiment. Brent crude gained $0.52(0.8%) to $64.92 a barrel, while U.S. West Texas Intermediate rose $0.33 (0.6%) to $60.48. The U.S. Energy Information Administration […]

Oil prices slipped 2% on Tuesday, marking a third straight day of declines as traders weighed the impact of U.S. sanctions on Russia’s two largest oil producers and the likelihood of another OPEC+ output increase next month. Brent crude futures fell $1.22 (1.9%) to $64.40 a barrel, while U.S. West Texas Intermediate closed $1.16 (1.9%) […]

Oil prices settled slightly lower Monday as expectations for another OPEC+ production hike offset optimism surrounding potential progress in U.S.-China trade talks and renewed sanctions on Russian crude. Brent crude futures slipped 32 cents (0.5%) to $65.62 a barrel, while U.S. West Texas Intermediate fell 19 cents (0.3%) to $61.31. Both contracts briefly traded nearly 1% […]

Brent crude futures settled down 5 cents, or 0.1%, at $65.94 a barrel, while U.S. West Texas Intermediate (WTI) crude finished 29 cents, or 0.5%, lower at $61.50 a barrel. Both benchmarks ended the week more than 7% higher, their biggest weekly gain since mid-June. Earlier in the session, both contracts had extended Thursday’s 5% […]

Oil prices surged around 5% to a two-week high on Thursday after the United States imposed sanctions on major Russian oil producers Rosneft and Lukoil, raising fears of tighter global supply. Brent crude futures rose $3.40, or 5.4%, to settle at $65.99 a barrel, while U.S. West Texas Intermediate (WTI) crude climbed $3.29 or 5.6%, […]

Oil prices pushed higher for a second day on Wednesday, buoyed by growing U.S. energy consumption and hopes of progress for a U.S. trade deal with China and India. Brent crude futures rose $1.27 to $62.59 a barrel, while U.S. West Texas Intermediate crude futures climbed $1.26, to $58.50. U.S. crude oil, gasoline, and distillate […]

Oil prices settled higher on Tuesday, bouncing off the previous session’s five-month lows, as investors reassessed expectations of a looming glut and sought clarity on the trade dispute between the U.S. and China, the world’s two biggest oil consumers. Brent crude futures rose 31 cents, or 0.5%, to settle at $61.32 a barrel, while U.S. West […]

Oil prices settled at their lowest since early May on Monday as oversupply concerns deepened and renewed U.S.–China trade tensions raised fears of slowing global demand. Brent crude futures fell 28¢ (-0.46%) to $61.01 per barrel, while U.S. West Texas Intermediate (WTI) eased 2¢ (-0.03%) to $57.52 — both benchmarks closing at their weakest levels […]