Brent crude settled at $66.89, down 75 cents, or 1.1%, while U.S. West Texas Intermediate (WTI) fell 81 cents, or 1.2%, to close at $64.35. Both contracts marked their fifth consecutive daily loss, with Brent notching its weakest close since June 10 and WTI its lowest since June 5. The market’s tone was shaped by […]
Brent crude settled at $67.64, down $1.12 (−1.63%), while U.S. West Texas Intermediate (WTI) closed at $65.16, falling $1.13 (−1.7%). Both benchmarks marked their lowest closes in five weeks. The pressure on prices follows OPEC+’s decision to raise production by 547,000 barrels per day in September, the latest step in reversing its earlier output cuts. […]
Brent crude settled down 91 cents (1.3%) at $68.76, while U.S. West Texas Intermediate (WTI) crude fell $1.04 (1.5%) to $66.29. Both benchmarks had already dropped nearly 3% on Friday. OPEC+ agreed on Sunday to raise production by 547,000 barrels per day (bpd) in September—part of a broader move to unwind the group’s largest output […]
“This is the precept by which I have lived: Prepare for the worst; expect the best; and take what comes.” – Hannah Arendt On Mobile? Click here to download the PDF
“This is the precept by which I have lived: Prepare for the worst; expect the best; and take what comes.” Hannah Arendt Jobs Update • Initial jobless claims seasonally adjusted for the week ending July 26, 2025, came in at 218,000, up 1,000 people week over week. • Continuing jobless claims came in at 1,946,000, […]
Brent crude settled down $2.03 (2.83%) at $69.67, while U.S. West Texas Intermediate (WTI) fell $1.93 (2.79%) to $67.33. Despite Friday’s losses, Brent posted a weekly gain of nearly 6%, and WTI rose 6.29% for the week. OPEC+ may agree as soon as Sunday to raise production by 548,000 barrels per day in September, according […]
Oil prices declined Thursday as investors remained cautious ahead of U.S. President Donald Trump’s August 1 tariff deadline, which threatens countries that have yet to secure a trade deal with the U.S. Brent crude for September delivery, which expired Thursday, settled down 71 cents (0.97%) at $72.53 per barrel. U.S. West Texas Intermediate (WTI) crude […]
Oil prices closed about 1% higher on Wednesday as traders focused on U.S. President Donald Trump’s tightened timeline for Russia to end the war in Ukraine and new tariff threats targeting countries that trade Russian oil. Brent crude for September delivery, set to expire Thursday, rose 73 cents (1.01%) to settle at $73.24. The more […]
Oil prices surged over 3% on Tuesday, marking their highest levels since June 20, as geopolitical tensions escalated and optimism grew around easing global trade conflicts. Brent crude rose $2.47, or 3.53%, to settle at $72.51 per barrel, while U.S. West Texas Intermediate (WTI) climbed $2.50, or 3.75%, to close at $69.21. The rally followed […]
Oil prices rallied sharply on Monday, climbing over 2% as global markets reacted positively to news of a trade agreement between the United States and the European Union, along with President Donald Trump’s unexpected decision to shorten the timeline for Russia to end its war in Ukraine. Brent crude rose $1.60, or 2.3%, to settle […]