Oil prices climbed on Wednesday, driven by a sharper-than-expected drop in U.S. crude and fuel inventories and mounting concerns over tighter global supply following the U.S. threat of tariffs on Venezuelan crude buyers. Brent crude settled up 77 cents (1.05%) at $73.79 per barrel, while WTI gained 65 cents (0.94%) to close at $69.65. At […]
Oil prices diverged on Tuesday as a truce between Russia and Ukraine on maritime and energy targets offset concerns over potential U.S. tariffs on countries importing Venezuelan oil. Brent crude settled slightly higher by 2 cents at $73.02, while WTI declined 11 cents to $69. The U.S. brokered agreements with Russia and Ukraine to halt […]
Oil prices rose 1% on Monday after President Trump announced a 25% tariff on countries purchasing oil and gas from Venezuela. Brent crude increased 84 cents (1.2%) to $73, while WTI gained 83 cents (1.2%) to $69.11. However, price gains were limited as the U.S. granted Chevron until May 27 to wind down its Venezuelan […]
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“Most people have the will to win, few have the will to prepare to win.” Bobby Knight Jobs Update Stocks closed higher on Friday of last week and higher week over week The DOW closed higher on Friday of last week, up 32.03 points (0.08%) and closing out the week at 41,985.35, up 497.16 points […]
Oil prices settled higher on Friday, marking a second consecutive weekly gain as fresh U.S. sanctions on Iran and OPEC+ output plans signaled tighter supply. Brent crude rose 16 cents (0.2%) to $72.16, while WTI increased 21 cents (0.3%) to $68.28. For the week, Brent gained 2.1% and WTI 1.6%, their largest increases since early […]
Oil prices rose on Thursday as new U.S. sanctions targeting Iran, including Chinese “teapot” refiners and vessels supplying Iranian crude, heightened geopolitical tensions. Brent crude settled up $1.22 (1.72%) at $72, while WTI’s April contract expired at $68.26, up $1.10 (1.64%). The more actively traded May WTI contract rose $1.16 (1.73%) to $68.07. OPEC+ released […]
Oil prices edged up on Wednesday after U.S. government data showed a draw in fuel inventories, though gains were capped by the Federal Reserve’s decision to hold interest rates steady. Brent crude settled up 22 cents (0.31%) at $70.78, while WTI rose 26 cents (0.39%) to $67.16. U.S. crude stocks rose by 1.7 million barrels […]
Oil prices eased about 1% on Tuesday as U.S. President Trump and Russian President Putin discussed a potential ceasefire in Ukraine, agreeing to a 30-day halt on attacks targeting each other’s energy infrastructure. Brent crude settled down 51 cents (0.7%) at $70.56, while WTI fell 68 cents (1.0%) to $66.90. While the possibility of eased […]
Oil prices rose slightly on Monday as geopolitical tensions and positive Chinese economic data supported market sentiment. Brent crude settled up 49 cents (0.7%) at $71.07, while WTI gained 40 cents (0.6%) to $67.58. The U.S. expanded military operations in the Middle East, vowing to continue strikes against Yemen’s Houthi rebels until their attacks on […]