Oil prices fell for the fourth straight session on Wednesday due to a larger-than-expected U.S. crude inventory build, OPEC+’s planned output increase, and trade tensions. Brent crude settled at $69.30, down $1.74 (2.45%), while WTI closed at $66.31, down $1.95 (2.86%). U.S. crude inventories rose by 3.6 million barrels to 433.8 million, far exceeding expectations […]

Oil prices dropped to multi-month lows on Tuesday as OPEC+ confirmed its first production increase since 2022, while U.S. tariffs on Canada, Mexico, and China—along with Beijing’s retaliatory measures—added pressure. Brent crude settled at $71.04, down $0.58 or 0.8%, after hitting a session low of $69.75, its weakest since September. WTI crude fell to $68.26, […]

Oil prices fell about 2% to a 12-week low on Monday as OPEC+ confirmed it would proceed with a planned production increase in April, while concerns grew that U.S. tariffs could slow global economic growth and reduce oil demand. Brent settled at $71.62 (-1.6%), and WTI closed at $68.37 (-2.0%), marking their lowest levels since […]

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 […]