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Oil prices were steady in Asian trading on Tuesday, holding on to gains from the previous session as OPEC+ reaffirmed it will pause production increases in the first quarter, while traders continued to assess supply risks stemming from geopolitical tensions. As of 21:18 ET (02:18 GMT), Brent Oil...
Oil prices rose more than 1% on Monday (December 1st) following a drone attack by Ukraine, the closure of Venezuelan airspace by the United States, and OPEC's decision to leave production levels unchanged for the first quarter of 2026. Brent crude closed at $63.17 per barrel, up 79 cents, or...
Oil prices posted a slight increase on Friday (October 17th), but were close to a weekly loss of nearly 3% after the International Energy Agency (IEA) forecast a widening oversupply, and U.S. President Donald Trump and Russian President Vladimir Putin agreed to meet again to discuss...
WTI crude oil futures rallied 4.3% to settle at $74.8 per barrel on Tuesday, as escalating tensions between the US and Iran reignited supply concerns. US President Donald Trump demanded Iran’s “unconditional surrender” and directly threatened Supreme Leader Ayatollah Ali Khamenei, calling him “an...
Oil prices rose about 2% on Tuesday to their highest in two weeks as geopolitical tensions between Russia and Ukraine continued, and the U.S. and Iran appeared set to keep sanctions on OPEC+ members Russia and Iran in place for a while longer. Brent crude futures rose $1, or 1.5%, to settle at...
West Texas Intermediate (WTI) Oil remains under pressure on Thursday, trading near $61.20 during the American session after declining for a second straight day. The commodity briefly fell over 3% earlier in the day before finding near-term support at the $60.00 psychological level. The latest leg...
Oil fell for a second day following reports Iran is willing to give up nuclear weapons in a deal with the U.S. in return for sanctions relief. West Texas Intermediate fell to $62 a barrel, after dropping 0.8% on Wednesday, when Brent closed near $66. Iran is ready to sign the deal under certain...
Oil steadied after jumping on Monday as President Donald Trump suggested that the US may work to curtail crude shipments from Russia, the world’s third-largest producer and a major exporter. West Texas Intermediate traded above $71 a barrel after gaining 3.1% on Monday, the most since...
Oil edged higher after Donald Trump suggested that the US could impose “secondary tariffs” on Russia, a top-three producer nation and major exporter to the world. On Sunday, NBC News reported Trump as saying he was “very angry” at Vladimir Putin and would consider “secondary tariffs”...
Oil steadied as investors weighed the fallout from President Donald Trump’s threat of fresh penalties on Russian crude if a ceasefire with Ukraine could not be reached. Brent’s June contract was little changed near $73 a barrel, while West Texas Intermediate was above $69. In...
Crude oil prices fell on Friday as they headed for their first monthly decline since November, driven by uncertainty over global economic growth and fuel demand amid Washington’s tariff threats and signs of a slowing U.S. economy. The more active May Brent crude was down 59 cents, or 0.8%, at...
Oil prices held at two-month lows on Wednesday as a surprise build in U.S. fuel stockpiles signaled demand weakness and a potential peace deal between Russia and Ukraine continued to weigh on prices. Brent crude was down 31 cents, or 0.42%, at $72.71 a barrel by 11 a.m. EST (1600 GMT) and U.S....
Oil steadied after its biggest gain in nearly four weeks as tighter Russian crude supplies overshadowed concerns about the impact of President Donald Trump’s expanded tariffs. West Texas Intermediate traded above $72 a barrel after rising nearly 2% on Monday, while Brent settled below $76....
Oil prices edged up in Asian trade on Friday but were on track for a third straight weekly decline, fueled by U.S. President Donald Trump’s renewed trade war with China and threats of tariffs on other countries. Brent crude was up 32 cents at $74.61 a barrel by 0500 GMT, but is expected to drop...
Oil prices edged up in Asian trade on Thursday after Saudi Arabia’s state oil company sharply raised March crude prices, but the gains were small compared with the biggest drop in benchmark Brent crude in nearly three months the previous day. Brent crude was up 8 cents at $74.69 a barrel by 0422...
Oil prices fell on Wednesday, extending the previous session’s decline as markets digested U.S. President Donald Trump’s declaration of a national energy emergency on his first day in office and eyed his tariff policies. Brent crude futures fell 36 cents, or 0.5%, to $78.93 a barrel by 0730 GMT....
West Texas Intermediate (WTI), the U.S. crude benchmark, traded around $70.20 on Tuesday (12/17). WTI prices were flat as traders await the Federal Reserve’s (Fed) interest rate decision on Wednesday. However, concerns over sluggish global demand growth in China may cap the black gold’s gains for...
Oil prices were steady on Monday after a weekly gain as the U.S. signaled tighter sanctions on Russian crude and Chinese authorities vowed to shore up the country’s economy. Brent crude traded above $74 a barrel after rising nearly 5% last week, while West Texas Intermediate crude neared $71. The...
Oil prices fell on Friday, with weak demand in focus after the OPEC+ group delayed a planned increase in supplies and extended deep production cuts until the end of 2026. Brent crude futures were down 20 cents, or 0.3%, at $71.89 a barrel by 0910 GMT. U.S. West Texas Intermediate crude futures...
