Oil prices rose 2% on Wednesday as U.S. government data showed smaller-than-expected crude inventory builds and larger-than-expected fuel draws, indicating stronger demand. Brent settled up $1.39 (2%) at $70.95, while WTI gained $1.43 (2.2%) to $67.68. U.S. crude stockpiles increased by 1.4 million barrels, lower than the 2-million-barrel rise expected. Meanwhile, gasoline inventories fell by […]
Oil prices edged higher on Tuesday, supported by a weaker dollar but capped by concerns over a U.S. economic slowdown and tariffs. Brent settled up $0.28 (0.4%) at $69.56, while WTI gained $0.22 (0.3%) to $66.25. Both had fallen 1.5% in the previous session. A weaker U.S. dollar made oil cheaper for foreign buyers, but […]
Oil prices fell 1% on Monday as concerns grew that U.S. tariffs on Canada, Mexico, and China could slow global economic growth and weaken energy demand, while OPEC+ prepares to increase supply. Brent crude settled down $1.08 (1.5%) at $69.28, and WTI dropped $1.01 (1.5%) to $66.03. WTI posted its seventh consecutive weekly decline, the […]
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“The fruit of your own hard work is the sweetest.” – Deepika Padukone Jobs Update Stocks closed higher on Friday of last week, but lower week over week The DOW closed higher on Friday of last week, up 222.64 points (0.52%) and closing out the week at 42,801.72, down -1,039.19 points week-over-week. The S&P 500 […]
Oil prices rose on Friday but retreated from session highs after U.S. President Donald Trump threatened sanctions on Russia over its continued military actions in Ukraine. Brent crude settled up $1.10 (1.58%) at $70.56, while WTI gained $1.06 (1.6%) to close at $67.42. Both benchmarks had hit intraday highs of $71.40 and $68.22, respectively, before […]
Oil prices settled largely unchanged in volatile trade on Thursday, with Brent rising 16 cents (0.2%) to $69.46 and WTI gaining 5 cents (0.1%) to $66.36. Brent had previously hit a low of $68.33 on Wednesday, its weakest since December 2021, following a larger-than-expected U.S. crude inventory build, OPEC+’s decision to raise output for the […]
Oil prices fell for the fourth straight session on Wednesday due to a larger-than-expected U.S. crude inventory build, OPEC+’s planned output increase, and trade tensions. Brent crude settled at $69.30, down $1.74 (2.45%), while WTI closed at $66.31, down $1.95 (2.86%). U.S. crude inventories rose by 3.6 million barrels to 433.8 million, far exceeding expectations […]
Oil prices dropped to multi-month lows on Tuesday as OPEC+ confirmed its first production increase since 2022, while U.S. tariffs on Canada, Mexico, and China—along with Beijing’s retaliatory measures—added pressure. Brent crude settled at $71.04, down $0.58 or 0.8%, after hitting a session low of $69.75, its weakest since September. WTI crude fell to $68.26, […]
Oil prices fell about 2% to a 12-week low on Monday as OPEC+ confirmed it would proceed with a planned production increase in April, while concerns grew that U.S. tariffs could slow global economic growth and reduce oil demand. Brent settled at $71.62 (-1.6%), and WTI closed at $68.37 (-2.0%), marking their lowest levels since […]