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Government officials in Caracas and Washington are discussing exporting Venezuelan crude to refiners in the United States, five government, industry and shipping sources told Reuters on Tuesday, a deal that could divert supplies away from China while helping state company PDVSA avoid deeper output...
Oil rose as a key pipeline linking Kazakh fields to Russia’s Black Sea coast halted loading after one of its three moorings was damaged in an attack over the weekend. Brent traded near $63 and earlier rose as much as 2.3%. The Caspian Pipeline Consortium carries most of Kazakhstan’s crude...
Oil prices rose 2% on Monday as the Caspian Pipeline Consortium halted exports after a major drone attack and U.S.-Venezuela tensions raised concerns about supply, while OPEC+ agreed to leave oil output levels unchanged for the first quarter of 2026. Brent crude futures advanced $1.26, or 2.02%,...
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...
Global benchmark Brent crude oil settled 1% higher on Monday, as concerns mounted that intensifying airstrikes in Russia and Ukraine could lead to supply disruptions, and as a weaker dollar lent additional support. Brent crude futures settled up 67 cents, or 1%, at $68.15 a barrel. The U.S....
Oil steadied near a two-month low after the International Energy Agency said the market is on track for record oversupply next year. Brent traded near $66 a barrel after closing at its lowest since June 5 on Wednesday, while West Texas Intermediate was around $63. Global oil inventories will...
Oil prices edged higher on Thursday, regaining ground after a sell-off in the previous session, with the upcoming meeting between U.S. President Donald Trump and his Russian counterpart Vladimir Putin raising risk premiums in the market. Brent crude futures were up 28 cents, or 0.43%, at $65.91 a...
Oil prices were stable on Friday, as trade talk optimism supported the outlook for both the global economy and oil demand, balancing news of the potential for more oil supply from Venezuela. Brent crude futures were up 38 cents, or 0.55%, at $69.56 a barrel at 0755 GMT. U.S. West Texas...
Oil nudged lower following its first weekly drop this month, with traders focused on US tariff talks and the European Union’s efforts to curb Russian energy exports. West Texas Intermediate crude fell 1% to trade below $67 a barrel, after slipping 1.6% last week. EU envoys...
Oil prices fell on Friday, but remained on course for a third consecutive weekly rise, after the White House delayed a decision on U.S. involvement in the Israel-Iran conflict. Brent crude futures fell $1.89, or 2.4%, to $76.96 a barrel by 1000 GMT. They were still set to gain nearly 4% on the...
Oil prices rose on Thursday after Israel and Iran continued to exchange missile attacks overnight and U.S. President Donald Trump's stance on the conflict kept investors on edge. Brent crude futures rose 36 cents, or 0.5%, to $77.06 a barrel by 0913 GMT. U.S. West Texas Intermediate crude for...
Oil prices fell on Wednesday, after a gain of 4% in the previous session, as markets weighed up the chance of supply disruptions from the Iran-Israel conflict and as they ponder a direct US involvement. Brent crude futures fell 93 cents, or 1.2%, to $75.52 a barrel by 0918 GMT. U.S. West Texas...
Oil prices retreated on Friday as investors weighed expectations of a rise in OPEC+ supply starting in October, alongside dwindling hopes of a hefty U.S. interest rate cut next month, following data showing strong consumer spending. Brent crude futures for October delivery , which expire on...
Oil futures finished higher on Thursday, finding some support after posting back-to-back session declines, as discord in Libya continued to limit supply from the OPEC producer. West Texas International crude for October delivery rose $1.39, or 1.9%, to settle at $75.91 a barrel on the New York...
Oil prices settled 1% lower on Wednesday after a smaller-than-expected draw in U.S. crude stockpiles and as concerns over Chinese demand persisted, though losses were capped by supply risks in the Middle East and Libya. Brent crude futures settled down 90 cents, or 1.13%, at $78.65 a barrel. U.S....
Oil prices fell about 2% on Tuesday on worries that slower economic growth in the U.S. and China could reduce demand for energy, especially after prices surged over 7% during the prior three days. Brent futures fell $1.88, or 2.3%, to settle at $79.55 a barrel, while U.S. West Texas Intermediate...
West Texas Intermediate (WTI) crude oil closed sharply higher on Monday on rising geopolitical risk as one of Libya's governments suspended exports while Israel and the Hezbollah militant group ratcheted up attacks, raising familiar concerns over a spreading Middle Eastern war. WTI crude for...
A sharp sell-off in crude oil paused on Thursday after expectations of a rate cut by the Federal Reserve offset a bunch of weak economic data from the world's two largest economies, the United States and China. Brent crude futures were 3 cents up to $76.08 a barrel. U.S. West Texas Intermediate...
Oil prices slipped on Wednesday on estimates showing swelling U.S. crude inventories and expectations that tensions in the Middle East were easing following a tour of the region by mediators. Brent crude futures fell 9 cents to $77.11 a barrel by 0001 GMT. U.S. West Texas Intermediate crude lost...
Oil prices edged lower on Tuesday as Israel accepted a proposal to tackle disagreements blocking a ceasefire deal in Gaza, helping ease worries about a supply disruption in the Middle East. Brent crude fell 12 cents, $2.02, or 0.15%, to $77.54. Front month U.S. West Texas Intermediate crude...
