Oil prices fell sharply on Thursday, reversing earlier gains as data and forecasts pointed to weaker demand and expectations of rising supply. Brent crude settled at $67.52 a barrel, down $1.88 or about 2.7%, while U.S. West Texas Intermediate finished at $62.84, down about $1.79 or 2.8%. The drop came after the International Energy Agency […]

Oil prices rose on Wednesday as investors weighed renewed geopolitical tension between the United States and Iran against a sharp increase in U.S. crude inventories. Brent crude futures settled up 60 cents, or 0.87%, at $69.40 per barrel. U.S. West Texas Intermediate crude gained 67 cents, or roughly 1.05%, to settle at $64.63. Prices found […]

Oil prices were little changed on Tuesday as traders stayed sidelined, waiting for clearer signals from U.S.–Iran diplomacy, developments around Russia’s war in Ukraine, and upcoming U.S. economic and inventory data. Brent crude settled down 24 cents, or 0.3%, at $68.80 a barrel, while WTI fell 40 cents, or 0.6%, to $63.96. Analysts said crude […]

Oil prices rose on Monday as renewed concerns over Middle East security injected fresh geopolitical risk into crude markets. Brent crude futures settled up 99 cents, or 1.5%, at $69.04 a barrel, while U.S. West Texas Intermediate gained 81 cents, or 1.3%, to $64.36. The move followed a U.S. Department of Transportation advisory urging U.S.-flagged […]

Oil prices finished the week higher on Friday after reversing earlier losses, as markets remained uneasy that U.S.–Iran talks had failed to materially reduce the risk of military escalation. Brent settled up 50 cents, or 0.7%, at $68.05 per barrel, while WTI gained 26 cents, or 0.4%, to $63.55. The late-week rebound followed a sharp […]

Oil prices fell nearly 3% on Thursday in volatile trading after the United States and Iran agreed to hold talks in Oman on Friday, easing near-term fears over potential disruptions to Iranian crude supplies. Brent crude futures settled $1.91, or 2.75%, lower at $67.55 a barrel, while U.S. West Texas Intermediate declined $1.85, or 2.84%, […]

Oil prices jumped over 3% on Wednesday as geopolitical risk resurfaced following reports that planned U.S.–Iran talks scheduled for Friday could fall apart. Brent crude futures settled $2.13, or 3.16%, higher at $69.46 a barrel, while U.S. West Texas Intermediate gained $1.93, or 3.05%, to $65.14. Reports that the United States rejected Iran’s request to […]