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Crude Prices Snap 7-Week Losing Streak Fueled By Red Sea Tensions; Analysts Hope For Rebound

Crude prices have surged after recording their first weekly gain since late October. The catalyst behind the rise is the suspension of transit through the Red Sea by major shipping lines, underscoring the vulnerability of this crucial artery for international crude ...

Crude Prices Hover Near Five-Month Low Amid Oversupply Concerns, OPEC+ Output Cuts

Oil prices remain stagnant near a five-month low as oversupply concerns take centre stage, despite OPEC+ pledges to extend and deepen output cuts. The West Texas Intermediate (WTI) edged above $71 per barrel, while the global benchmark Brent hovered around $76. ...

OPEC+ Showdown Looms: Crude Oil Prices Slide As Markets Brace For Supply Talks

Crude oil markets experienced a slip today, as Brent crude inched closer to $80 a barrel amid anticipation surrounding the upcoming meeting of the Organisation of the Petroleum Exporting Countries and their allies (OPEC+). Investors are on edge, awaiting a potential ...

Oil Prices Surge Amid Growing Concerns Of Escalating Israel-Gaza Conflict

Global oil prices surged by approximately 1% on Friday, amidst mounting fears that the Israel-Gaza conflict could spill over into a broader crisis across the Middle East. The escalating tension has raised concerns about the potential disruption of oil supplies from ...

Oil Prices Above $64/Bl; Mark 1 Yr Of Crash Below Zero

Oil prices today climbed above $64 per barrel, a year ago the US oil futures were dragged below. Now the rally has been spurred owing to positive outlook for demand going ahead for the commodity. WTI also climbed 1.3 ...

Oil Prices Scale To $50 Per Barrel On Agreement To Keep Supply In Check

After the major oil producers agreed to keep supply in check and increase output from January slightly, Brent crude oil futures surged to below $50 per barrel Brent inched higher by 27 cents to $48.98 per barrel by 1434 GMT ...

Oil Falls To Over Two Decade Low; Now On Storage Issue

As the production cut agreed by major oil producers failed to lift the energy market, the new crisis of the commodity's storage has come up and on account of it, the commodity has drifted to its two-decade low. Futures were dragged ...