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Oil prices eased on Tuesday after a volatile trading session, as Iran and Israel paused attacks on each other, reducing immediate concerns over disruptions to energy supplies. The pullback came after both countries said they had stopped attacking each other following an appeal from US President Donald Trump. However, Tehran warned that it would resume…
Oil prices remained mixed on Tuesday as hopes of progress in US-Iran talks were offset by fresh US military strikes in Iran. While the US oil benchmark West Texas Intermediate slipped 5.46% to $91.33 a barrel, Brent crude from the North Sea moved higher, gaining 2.35% to trade at $98.40 per barrel.The market reaction came…
Oil markets inched higher on Friday as tensions escalated between the US and Iran, making traders cautious again. With this, oil markets reversed the sharp losses recorded earlier this week, when prices had fallen on hopes of a diplomatic breakthrough between the two nations and the possible reopening of the Strait of Hormuz.West Texas Intermediate…
Oil prices continued their rally on Tuesday, extending gains from the previous session as market sentiment remained cautious due to stalled peace efforts between US–Iran. The Middle East conflict, which has now touched the two month mark has disrupted the crucial Strait of Hormuz, limiting oil flows across the globe. WTI Crude was trading at…
Oil prices declined sharply on Tuesday as hopes of renewed talks between the US and Iran eased concerns over prolonged supply disruptions, even as underlying risks to global energy flows remained elevated. Brent crude futures fell $3.93, or 3.96%, to $95.43 a barrel, while US West Texas Intermediate (WTI) crude dropped $6.60, or 6.66%, to…
Oil markets opened sharply higher, surging past the $100 per barrel mark once again after US President Donald Trump announced that a blockade of Iranian ports would begin from Monday (local time).US crude oil or WTI skyrocketed 8% to $104.24 per barrel, while Brent crude, the global benchmark, soared 7% to $102.29 in early trading.The…
Oil markets opened sharply higher, surging past the $100 per barrel mark once again after US President Donald Trump announced that a blockade of Iranian ports would begin from Monday (local time).US crude oil or WTI skyrocketed 8% to $104.24 per barrel, while Brent crude, the global benchmark, soared 7% to $102.29 in early trading.The…
Oil prices extended their rally on Tuesday amid rising tensions in the Middle East, as markets remained cautious ahead of Donald Trump’s deadline for Tehran to reopen the Strait of Hormuz. Brent crude futures increased by 57 cents, or 0.5%, to $110.34 a barrel at 1202 GMT, while US West Texas Intermediate crude futures rose…
Oil markets turned volatile on Thursday, with prices first plunging near the $100 per barrel mark and then rebounding sharply as traders reacted to US President Donald Trump’s address to the nation. Sentiments remained cautious as the speech failed to ease investor concerns over the disruption of the Strait of Hormuz, with the US president…
The Middle East crisis has stretched to its fourth week and oil prices have finally shown sign of relaxation, cooling off sharply on Wednesday. Fuel prices fell over 5%, giving back some of the gains from the previous session, as hopes of a possible diplomatic breakthrough in the Middle East raised expectations that supply disruptions…
