Oil prices dropped Friday as oversupply fears and weak demand signals outweighed the potential boost from this week’s Fed rate cut. Brent crude settled at $66.68, down 76 cents (−1.1%), while WTI closed at $62.68, down 89 cents (−1.4%). The market remains under pressure from robust OPEC+ output, steady Russian exports, and demand concerns flagged […]
Oil prices eased on Thursday as traders remained focused on U.S. economic headwinds a day after the Federal Reserve’s first rate cut of the year, with demand concerns outweighing geopolitical supply risks. Brent crude settled at $67.44, down 51 cents (−0.8%), while WTI closed at $63.57, off 48 cents (−0.8%). The Fed lowered its policy […]
Brent crude settled at $68.22, down 52 cents (−0.76%), while U.S. West Texas Intermediate (WTI) finished at $64.05, off 47 cents (−0.73%). The U.S. Energy Information Administration reported a sharp draw in crude stocks last week, driven by strong exports and weaker imports. But distillate inventories rose, sparking concerns over diesel demand. “Markets are responding […]
Brent crude settled at $68.47, up $1.03 (1.5%), and U.S. West Texas Intermediate (WTI) closed at $64.52, up $1.22 (1.9%). Ukraine has intensified drone attacks on Russian export hubs and refineries, disrupting operations at the Primorsk terminal, a key western outlet. Russia’s pipeline operator Transneft warned producers they may have to cut output if damage […]
Oil prices settled higher Monday as Ukrainian drone strikes on Russian refineries and U.S. pressure on NATO allies to halt Russian crude purchases added a risk premium, though gains were modest. Brent crude settled at $67.44, up 45 cents (0.67%), while U.S. West Texas Intermediate (WTI) closed at $63.30, up 61 cents (0.97%). Both benchmarks […]
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“By three methods we may learn wisdom: First, by reflection, which is noblest; Second, by imitation, which is easiest; and third by experience, which is the bitterest.” – Confucius Jobs Update • Initial jobless claims seasonally adjusted for the week ending September 6, 2025, came in at 263,000, versus the adjusted number of 236,000 people from […]
Brent crude settled at $66.99, up 62 cents (0.93%), while U.S. West Texas Intermediate (WTI) closed at $62.69, up 32 cents (0.51%). Markets initially rallied on reports of the Primorsk attack, which underscored the vulnerability of Russian energy infrastructure and the potential for export disruption. “Those attacks have room to drag down Russian crude and […]
Oil prices fell about 2% on Thursday, slipping to a two-week low as oversupply fears and softening demand indicators outweighed geopolitical risks from the Middle East and Ukraine. Brent crude settled at $66.37, down $1.12 (−1.7%), while U.S. West Texas Intermediate (WTI) closed at $62.37, off $1.30 (−2.0%). The IEA’s monthly report signaled global supply […]
Oil prices climbed nearly 2% on Wednesday, lifted by geopolitical tensions from Israel’s strike in Qatar, Poland’s downing of Russian drones, and fresh U.S. pressure for sanctions on Russian oil buyers, though a bearish U.S. inventory report capped gains. Brent crude settled at $67.49, up $1.10 (1.7%), while U.S. West Texas Intermediate (WTI) closed at […]