Oil prices fell on Friday, marking their first monthly decline since November, as geopolitical tensions and trade concerns weighed on the market. Brent settled at $73.18 (-1.16%), while WTI closed at $69.76 (-0.84%). Both benchmarks faced downward pressure amid volatility stemming from an Oval Office argument between Presidents Trump and Zelenskiy over a potential Russia-Ukraine […]

Oil prices rebounded over 2% on Thursday as supply concerns emerged following President Trump’s revocation of Chevron’s license to operate in Venezuela. Brent rose to $74.04 (+2.1%), while WTI climbed to $70.35 (+2.5%), recovering from their lowest settlements since December 10. The Chevron decision prevents the company from exporting Venezuelan crude, potentially tightening supply. If […]

Oil prices dropped to two-month lows on Wednesday as a surprise increase in U.S. fuel stockpiles signaled weakening demand, while ongoing Russia-Ukraine peace negotiations continued to pressure prices. Brent fell to $72.54 (-0.67%), and WTI dropped to $68.62 (-0.45%) by early afternoon.The U.S. Energy Information Administration reported unexpected builds in gasoline and distillate inventories, even […]

Oil prices fell around 2% on Tuesday to a two-month low, pressured by weak economic data from the U.S. and Germany, concerns over slower energy demand, and signs of increasing global oil output. Brent settled at $73.02 (-2.4%), while WTI closed at $68.93 (-2.5%), marking their lowest levels since late December. U.S. consumer confidence fell […]

Oil prices edged higher on Monday, recovering some of Friday’s sharp losses as new U.S. sanctions on Iran and Iraq’s commitment to OPEC+ quotas raised concerns about near-term supply tightness. Brent settled at $74.78 (+0.5%), while WTI closed at $70.70 (+0.4%), rebounding from multi-week lows. The U.S. Treasury imposed fresh sanctions targeting Iran’s oil industry, […]

Oil prices fell over $2 a barrel on Friday, with Brent settling at $74.43 (-2.68%) and WTI at $70.40 (-2.87%), marking a weekly decline of 0.4% and 0.5%, respectively. The drop was driven by easing geopolitical tensions, particularly a fading Middle East risk premium as the Gaza ceasefire held, along with uncertainty over a potential […]

Oil prices extended their gains for a third straight session on Thursday, driven by drawdowns in U.S. gasoline and distillate inventories and ongoing supply concerns in Russia. Brent crude settled up 44 cents (0.58%) at $76.48 per barrel, while WTI rose 32 cents (0.44%) to $72.57 for March delivery. The more-actively traded April WTI contract […]

Oil prices closed at their highest level since February 11, 2025 on supply concerns in Russia and the U.S., while the market awaited clarity on sanctions amid U.S.-led peace talks on Ukraine. Brent crude rose 20 cents (0.3%) to $76.04 per barrel, and WTI climbed 40 cents (0.6%) to $72.25 per barrel. Supply risks remain […]

Oil prices settled higher on Tuesday, driven by supply disruptions in Russia and the U.S., while talks to end the war in Ukraine limited gains as a peace deal could ease sanctions on Russian crude. Brent crude rose 62 cents (0.8%) to $75.84 per barrel, while WTI climbed $1.11 (1.6%) to $71.85 per barrel, catching […]

Oil prices settled lower on Friday, as optimism over Russia-Ukraine peace negotiations suggested potential relief from sanctions on Moscow, which could increase global energy supplies. Brent crude fell 28 cents (0.37%) to $74.74 per barrel, while WTI dropped 55 cents (0.77%) to $70.74. Despite the daily losses, Brent finished the week with a slight 0.11% […]