Oil prices declined on Friday as reports that China was working to revive U.S.-Iran peace negotiations encouraged profit-taking after crude briefly traded above $100 per barrel earlier in the week. Despite the pullback, both Brent and WTI posted strong weekly gains as ongoing military conflict in the Middle East continued to threaten global energy supplies […]

Oil prices surged above $100 per barrel on Thursday for the first time since May as escalating attacks on energy infrastructure and shipping routes intensified concerns over global oil supplies. Brent crude jumped 7.0% to settle at $100.69 per barrel, while West Texas Intermediate (WTI) gained 6.2% to close at $92.19 per barrel. Brent has […]

Oil prices surged more than 3% on Wednesday, reaching their highest levels since mid-June as escalating conflict in the Middle East intensified concerns over global crude supplies and shipping security. Brent crude rose 3.36% to settle at $94.07 per barrel, while West Texas Intermediate (WTI) gained 2.95% to finish at $86.83 per barrel. Market sentiment […]

Oil prices climbed about 2% on Tuesday, reaching five-week highs as escalating military tensions in the Middle East renewed concerns over global energy supplies and shipping security. Brent crude rose 2.0% to settle at $91.01 per barrel, while West Texas Intermediate (WTI) also gained 2.0% to finish at $84.91 per barrel. Markets remained focused on […]

Oil prices settled higher on Monday following a volatile trading session as investors weighed the possibility of renewed diplomatic efforts between the United States and Iran against escalating threats to Middle East energy shipments. Brent crude rose 1.3% to settle at $89.22 per barrel after reaching an intraday high of $91.42, while West Texas Intermediate […]

Oil prices surged more than 4% on Friday, reaching their highest levels in over a month as escalating military conflict between the United States and Iran heightened concerns over global energy supplies. Brent crude rose 4.59% to settle at $88.10 per barrel, while West Texas Intermediate (WTI) gained 4.48% to finish at $82.49 per barrel. […]

Oil prices eased on Thursday but remained near one-month highs as escalating tensions in the Middle East continued to support a geopolitical risk premium. Brent crude fell 72 cents to settle at $84.23 per barrel, while West Texas Intermediate (WTI) fell 65 cents to $78.95 per barrel after both benchmarks briefly traded higher during the session. Markets remained […]

Oil prices moved modestly higher on Wednesday, supported by another draw in U.S. crude inventories, while traders largely looked past renewed military action between the United States and Iran. Brent crude settled at $84.95 per barrel, up 0.26%, while West Texas Intermediate (WTI) finished at $79.60 per barrel, up 0.33%. U.S. crude inventories declined by […]

Oil prices climbed nearly 2% Tuesday, with both Brent and WTI reaching one-month highs as renewed tensions between the United States and Iran heightened concerns over crude exports from the Middle East and shipping through the Strait of Hormuz. Brent crude settled at $84.73 per barrel, up $1.43 (1.7%), while West Texas Intermediate (WTI) closed […]

Oil prices surged more than 9% Monday, with both Brent and WTI reaching one-month highs after renewed geopolitical tensions raised concerns over crude exports from the Middle East and shipping through the Strait of Hormuz. Brent crude settled at $83.30 per barrel, up $7.29 (9.59%), while West Texas Intermediate (WTI) closed at $78.14 per barrel, […]