Brent Crude Oil Prices Rise Amid Geopolitical Tensions
Adding to the complex market dynamics, the American Petroleum Institute (API) reported that US crude oil inventories decreased by 1.5 million barrels during the week. This decline was less than the anticipated drop of 2.1 million barrels, marking the second consecutive weekly decrease but suggesting that demand may not be as robust as expected.
Oil settles up, biggest weekly gains in over a year on Middle East war risk
Oil prices rose on Friday and settled with their biggest weekly gains in over a year on the mounting threat of a region-wide war in the Middle East, although gains were limited as U.S. President Joe Biden discouraged Israel from targeting Iranian oil facilities.
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Helima Croft, RBC global head of commodity strategy, joins 'Squawk on the Street' to discuss the impact of an Israeli attack ...
Crude oil prices soared last week, with Brent futures up 9.2% to $78.1 and MCX futures up 11.3% to ₹6,339. Strong momentum ...
WTI futures traded around $73.94 per barrel, as of 9 a.m. ET. That’s an increase of 3.37% in the last 24 hours.
Crude oil futures surged 9% amid escalating Middle East tensions as Iran targets Israel, Biden discourages retaliation on oil ...
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Urals crude oil have risen back above $65 a barrel at Russian Baltic and Black Sea ports, or $5 higher than the price cap set ...
Part of the issue is that members are not sticking to their pledged cuts. The Saudi minister called out Iraq, which surpassed ...
Oil prices fell by 2.4% in early European trade, possibly due to demand concerns and rebalancing. Click to read.
Big energy merchants trading oil cargoes that form the basis of the Brent benchmark have used an obscure clause to reroute ...
Brent and Nigerian oil blends have rebounded from their September lows, stabilizing around $77 per barrel as escalating tensions in ...
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British Land has raised £301 million after it launched a share placing in order to finance the £441 million acquisition of ...
India is bound to be impacted by the spillover impact of global developments, a central government official has said.
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