Oil prices rose Friday, closing at their highest in weeks, as Ukrainian drone strikes on Russian energy assets cut fuel exports and U.S. allies faced fresh pressure from Washington to reduce Russian imports. Brent crude settled at $70.13, up 71 cents (1.02%), while WTI closed at $65.72, gaining 74 cents (1.14%). Both benchmarks are on […]
Oil prices eased on Thursday, retreating from the prior day’s seven-week highs as stronger U.S. economic data tempered expectations for aggressive rate cuts and supply concerns re-emerged. Brent futures rose 11 cents, or 0.16%, to settle at $69.42 a barrel while U.S. West Texas Intermediate futures fell 1 cent, or 0.02%, to settle at $64.98. […]
Oil prices jumped nearly 3% on Wednesday, reaching seven-week highs, as a surprise U.S. inventory draw and supply disruptions in Iraq, Venezuela and Russia fed a tightening narrative despite broader oversupply concerns. Brent settled at $69.31, up $1.68 (2.5%), its strongest close since August 1. WTI finished at $64.99, up $1.58 (2.5%), its highest since […]
Oil prices rebounded Tuesday, rising more than $1 a barrel, after a deal to resume exports from Iraq’s Kurdistan stalled—calming fears of fresh oversupply—while traders also weighed attacks on Russian energy facilities and U.S. inventory expectations. Brent crude settled at $67.63, up $1.06 (1.6%), while WTI closed at $63.41, up $1.13 (1.8%). Both benchmarks snapped […]
Oil prices edged slightly lower Monday as oversupply worries outweighed geopolitical tensions in Russia and the Middle East. Brent crude settled at $66.57, down 11 cents (−0.2%), while the expiring WTI October contract closed at $62.64 (−4 cents, −0.1%). The more active November contract slipped 12 cents (−0.2%) to $62.28. Both benchmarks have traded within […]
“Nothing is a waste of time if you use the experience wisely.” – Auguste Rodin On Mobile? Click here to download the PDF
“Nothing is a waste of time if you use the experience wisely.” – Auguste Rodin Jobs Update • Initial jobless claims seasonally adjusted for the week ending September 13, 2025 came in at 231,000, versus the adjusted number of 264,000 people from the week prior, down 33,000 people week over week. • Continuing jobless claims came in […]
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 […]