Oil prices surged by around 3% on Tuesday after Iran launched ballistic missiles at Israel, escalating tensions in the Middle East. Brent crude rose $1.86 (2.6%) to $73.56 a barrel, while U.S. WTI gained $1.66 (2.4%) to settle at $69.83. Earlier in the day, both benchmarks had jumped by over 5%. Fears of potential disruptions […]
Oil prices were largely unchanged on Monday but saw a significant 17% drop for the third quarter due to concerns over weak global demand. Brent crude futures for November delivery fell 21 cents to $71.77 per barrel, while the December contract gained 27 cents to $71.81. West Texas Intermediate (WTI) settled at $68.17, down 16% […]
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“For success, attitude is equally as important as ability.” – Walter Scott Jobs Update Stocks closed mixed on Friday of last week, but higher week over week The DOW closed higher, on Friday of last week up 137.89 points (0.33%) , closing out the week at 42,313, up 249.64 points week-over-week. The S&P 500 closed […]
Oil prices rose on Friday but ended the week lower, as investors balanced rising global supply expectations with new stimulus from China. Brent crude gained 38 cents (0.53%) to $71.89, and U.S. WTI rose 51 cents (0.75%) to $68.18, though both fell 3-5% over the week. China’s central bank cut interest rates, but concerns over […]
Oil prices dropped over 3% on Thursday after a report from the Financial Times suggested that Saudi Arabia, the top crude exporter, is preparing to abandon its $100 price target as it plans to increase output, along with other OPEC members, in December. Brent crude fell $1.86 (2.53%) to $71.60 a barrel, while U.S. West […]
Oil prices were higher lower today trading down as worries over supply disruptions in Libya eased and demand concerns persisted. Falling crude inventories and rising Mid-East tensions did provide some support. “A pending resolution to Libya’s central bank crisis would restore significant oil supply, while U.S. Gulf production outages are seen as very temporary,” said […]
Oil prices climbed about 2% on Tuesday, reaching a three-week high as China’s announcement of its largest monetary stimulus since the pandemic and growing conflict in the Middle East fueled concerns over oil supply disruptions. Brent crude rose $1.27, or 1.7%, to settle at $75.17 a barrel, the highest close since September 2, while U.S. […]
Oil prices closed lower on Monday as demand worries were compounded by “disappointing economic numbers flowing from China along with a surprise slowdown in European manufacturing.” Brent crude futures for November fell 59 cents, or 0.8%, to $73.90 a barrel, while U.S. crude futures for November dropped 63 cents, or 0.9%, to $70.37. Euro zone […]
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