Oil prices surged on Friday, settling at their highest levels in nearly four years, as Iraq declared force majeure on all oilfields operated by foreign companies and geopolitical tensions escalated, with the U.S. preparing to deploy additional Marines and naval forces to the Middle East. Brent crude for May delivery settled at $112.19 per barrel, […]
Brent crude rose on Thursday, settling at $108.65 per barrel, up $1.27 or 1.18%. Earlier in the session, Brent reached a high of $119.13, approaching the 3½-year peak seen earlier in March. U.S. West Texas Intermediate (WTI) crude closed at $96.14 per barrel, down 18 cents or 0.19%, after earlier climbing nearly $4 to a […]
Oil prices climbed on Wednesday as escalating attacks on energy infrastructure across the Middle East heightened concerns over prolonged supply disruptions. Brent crude settled at $107.38 per barrel, up nearly $4, or 3.8%, while U.S. West Texas Intermediate (WTI) crude settled at $96.32, up 11 cents, or 0.1%. Brent briefly traded near $110 and has now […]
Oil prices rose on Tuesday as renewed Iranian attacks on energy infrastructure in the Middle East reignited supply concerns and underscored the risk of prolonged disruptions from the ongoing conflict. Brent crude settled at $103.42 per barrel, up $3.21, or 3.2%, while U.S. West Texas Intermediate (WTI) crude settled at $96.21, up $2.71, or 2.9%. […]
Oil prices fell on Monday as some vessels resumed transit through the Strait of Hormuz, easing immediate supply fears, although the waterway remains under heavy security risk amid the ongoing conflict. Brent crude settled at $100.21 per barrel, down $2.93, or 2.8%, while U.S. West Texas Intermediate (WTI) crude settled at $93.50, down $5.21, or […]
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“You can be discouraged by failure, or you can learn from it. So go ahead and make mistakes, make all you can. Because, remember that’s where you’ll find success – on the far side of failure.” – Thomas J Watson Jobs Update Stocks closed lower on Friday of last week and lower week-over-week The DOW […]
Oil prices moved higher on Friday as the Strait of Hormuz remained closed and supply disruptions across the Middle East continued to support the market, although analysts warned the weekend could bring unexpected developments in the conflict. Brent crude settled at $103.14 per barrel, up $2.68, or 2.67%, while U.S. West Texas Intermediate (WTI) crude […]
Oil prices surged on Thursday, settling at their highest levels in nearly four years, as Iran intensified attacks on oil and transportation infrastructure across the Middle East and vowed to keep the Strait of Hormuz closed. Brent crude settled at $100.46 per barrel, up $8.48, or 9.2%, while U.S. West Texas Intermediate (WTI) crude settled at […]
Oil prices rose on Wednesday as renewed attacks on vessels in the Strait of Hormuz heightened concerns over supply disruptions, while analysts said a proposed release of strategic reserves would likely be insufficient to offset the losses. Brent crude futures settled at $91.98 per barrel, up $4.18, or 4.8%, while U.S. West Texas Intermediate (WTI) […]