Oil prices were steady Thursday as traders weighed the potential impact of India halting imports of Russian oil — a move that could reshape global flows and tighten supply — against fresh U.S. inventory builds. Brent crude futures settled 85 cents, or 1.37%, lower at $61.06 a barrel. U.S. West Texas Intermediate futures closed 81 […]
Oil prices slipped again Wednesday, hitting five-month lows, as rising U.S.–China trade friction and IEA warnings of a looming surplus in 2026 weighed on the market. Brent crude fell 48¢ (−0.8%) to $61.91, its lowest settlement since May 7. WTI dropped 43¢ (−0.7%) to $58.27, also marking its weakest close since early May. The International […]
Oil prices fell Tuesday, extending losses to a second straight session as the International Energy Agency (IEA) warned of a potential 2026 supply glut and U.S.–China trade tensions lingered, weighing on the demand outlook. Brent crude settled $0.93 (-1.5%) lower at $62.39, while WTI closed $0.79 (-1.3%) lower at $58.70 — both marking five-month lows. […]
Oil prices rose Monday after confirmation that U.S. President Donald Trump will meet Chinese President Xi Jinping later this month, easing renewed trade tensions that last week pushed crude to five-month lows. Brent crude gained $0.59 (+0.9%) to $63.32, while WTI rose $0.59 (+1.0%) to $59.49. Both benchmarks had plunged about 4% Friday after Trump […]
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“If opportunity doesn’t knock, build a door.” – Milton Berle Due to the Government Shutdown, we are unable to report last week’s Jobs Update. We apologize for the inconvenience. Jobs Update • Initial jobless claims seasonally adjusted for the week ending September 20, 2025 came in at 218,000, versus the adjusted number of 232,000 people from […]
Oil prices tumbled more than 3% Friday as renewed U.S.–China trade tensions overshadowed market fundamentals and revived fears of weaker global demand. Brent crude fell $2.49 (-3.82%) to $62.73, its lowest since May 5, while WTI dropped $2.61 (-4.24%) to $58.90, the lowest since early May. Both benchmarks marked their fourth straight daily decline. U.S. […]
Oil prices fell on Thursday after Israel and Hamas agreed to a ceasefire deal brokered by the United States, easing geopolitical risk premiums in energy markets. Brent crude settled $1.03 lower (-1.6%) at $65.22, while WTI dropped $1.04 (-1.7%) to $61.51. The ceasefire, which includes a mutual release of hostages and prisoners and a partial […]
Oil prices rose about 1% to a one-week high on Wednesday as traders bet that stalled Ukraine peace talks would keep sanctions on Moscow in place, while U.S. data showed stronger fuel consumption. Brent crude settled 80¢ higher (+1.2%) at $66.25, and WTI gained 82¢ (+1.3%) to $62.55, marking their highest closes since September 30 and […]
Oil prices steadied on Tuesday as investors weighed a smaller-than-expected OPEC+ output hike against signs that global inventories may keep rising through next year. Brent crude settled 2¢ lower (-0.03%) at $65.45, while U.S. WTI gained 4¢ (+0.06%) to $61.73. Both benchmarks rose more than 1% on Monday after OPEC and its allies agreed to […]