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Oil prices rose in early Asian trading as tensions between the US and Venezuela escalated, according to a research note from analysts at Nanhua Futures. They cited S&P data showing a decline in tanker traffic to Venezuela, which could tighten supply flows and improve market sentiment.Analysts...
Brent oil prices rose today, reaching $61.58 per barrel, driven by several fundamental factors influencing the market. One of these is rising geopolitical tensions, particularly related to the threat of a US ground offensive against drug trafficking operations in Latin America. These tensions...
Oil prices rose after US President Donald Trump tightened the blockade on Venezuela. The US has already seized one tanker and is now pursuing another just weeks after the first seizure. Brent crude rose to near $61 per barrel after two consecutive weeks of decline. Meanwhile, West Texas...
Brent is hovering around $60/barrel in the Asian session, but the market is still holding its breath. The $60 area is a psychological level: if buyers are strong, there's usually a small technical bounce. However, if risk-off sentiment and supply feel tight, prices can easily "drop" and continue...
Oil prices rose to $62 after the US seized a sanctioned tanker off Venezuela and Ukraine attacked Russian “shadow fleet” vessels, adding to the geopolitical risk premium. Venezuela holds the world’s largest oil reserves, while recent data showed US crude stockpiles fell by 1.8 million barrels,...
Oil jumped after an Israeli attack in Qatar escalated the conflict in the Middle East, the source of about a third of the world’s supplies, increasing the geopolitical risk premium for crude. West Texas Intermediate climbed about 1.5% to top $63 a barrel after the Israel Defense Forces...
Oil prices rose slightly amid geopolitical tensions, particularly the Ukraine attack on Russian refineries that has strained supply, as well as low inventories in the US.However, the global demand outlook is weak due to the US trade war and the risk of an economic slowdown. The market is awaiting...
Oil futures settled at their lowest in over two months Friday with expectations for a supply surplus next year, strength in the U.S. dollar, and continued worries over demand from China - the world's largest crude importer - prompting prices to post a loss for the week. West Texas Intermediate...
Oil edges lower in the Asian morning session due to a possible technical correction. Oil futures closed sharply higher Monday after members of OPEC+ said they would wait another month before starting to unwind 2.2 million barrels a day in production cuts. While the move may temporarily bolster...
Oil prices steadied near $74 a barrel on Tuesday as the top U.S. diplomat renewed efforts to push for a ceasefire in the Middle East and as slowing demand growth in China, the world’s top oil importer, continued to weigh. Brent crude futures for December delivery were down 20 cents, or 0.27%, at...
Oil futures rise as Hurricane Francine causes some U.S. offshore production to be shut in, with the rebound from yesterday's heavy selling tempered by weekly builds in U.S. crude and product stockpiles. The EIA reported an 833,000 barrel increase in crude stocks, and 2.3 million barrel increases...
Oil prices held their ground on Friday as investors awaited U.S. employment data, but the commodity was on track for a weekly loss despite a delay to supply increases by OPEC+ producers. Brent crude futures rose 37 cents, or 0.51%, to $73.06 a barrel by 0958 GMT. U.S. West Texas Intermediate...
Oil prices slid more than $1 a barrel on Monday, with Brent falling below $90, as Middle East tensions eased after Israel withdrew more soldiers from southern Gaza and committed to fresh talks on a potential ceasefire in the six-month conflict. Brent crude futures dropped $1.42, or 1.6%, to...
West Texas Intermediate (WTI) closed lower on Tuesday as geopolitical worries amid violence in the Middle East were more than offset by demand concerns. WTI crude oil for March delivery closed down US$1.01 to settle at US$78.18 per barrel, while April Brent crude, the global benchmark, was last...
Nikkei Tokyo stocks closed higher on Friday with the key Nikkei index ending at a new 34-year high, partly supported by Wall Street rallies. The benchmark Nikkei 225 index added 0.9 percent, or 329.30 points, to 38,487.24 while the broader Topix index ended up 1.3 percent, or 32.88 points, at...
U.S. oil futures settled with a loss of more than 2% on Thursday, even as OPEC+ announced that several of its member countries agreed to voluntary cuts totaling 2.2 million barrels a day for the first quarter of 2024. “While oil prices initially rallied on the extension and expansion of OPEC...
U.S. oil futures ended Thursday at their highest in about three weeks, finding support from expectations for tighter global supplies in the coming months. The session’s gain contributed a monthly rise of 2.2% for front-month West Texas Intermediate crude, according to Dow Jones Market Data. The...
US crude futures finish at their highest since April 12, rising 1.6% to end at $82.82 a barrel while notching a sixth consecutive weekly gain, the longest winning streak in more than a year. The latest price support is largely coming from the Saudis' announcement that it's extending...
Oil futures climbed on Monday, with U.S. benchmark prices settling at their highest since May 26. Saudi Arabia on Sunday agreed to voluntarily cut its oil production level by 1 million barrels a day in July. “Spurring a bout of short-covering via a further surprise cut appears the best way to...
Harga minyak naik sekitar 1% pada hari Senin setelah badai kuat melanda Teluk Meksiko, memaksa penutupan dan evakuasi ratusan anjungan minyak lepas pantai. Minyak mentah Brent naik 84 sen atau 1,2% pada $73,54 per barel pada pukul 00:01 GMT, setelah naik lebih dari 11% pada minggu lalu untuk...
