(CNBC) – Oil prices were heading for a weekly gain of more than 2%, with Friday’s prices were little changed on the day as traders were kept on edge by simmering tensions in the Middle East ahead of a planned resumption in Gaza ceasefire talks in the coming days. Brent crude futures rose 71 cents, or 0.95%, to $75.09 a barrel,
(Investing) – LONDON – Oil prices rose on Monday, recouping some of last week’s more than 7% decline on worries about demand in China, the world’s top oil importer, and easing concerns about potential supply disruptions in the Middle East. Brent crude futures were up $1.10, or 1.51%, at $74.16 a barrel at 1308 GMT. U.S. West Texas Intermediate crude futures were
US News Oil prices slipped on Tuesday after a short-lived boost from stronger economic data out of Europe as the market weighed the potential fallout from any fresh U.S. sanctions on Iranian oil exports. Global benchmark Brent crude oil futures were down 52 cents, or 0.6%, at $86.48 a barrel by 1325 GMT. U.S. West Texas Intermediate crude futures fell
Yahoo Finance LONDON – Oil prices are up around 16% so far this year near $90 a barrel, with supply worries high given escalating Middle East tensions and tit-for-tat attacks on energy infrastructure between Ukraine and Russia. Investors are paying attention. After all, it was an energy price surge two years ago that helped drive inflation and interest rates higher
Oil Price Following days of falling prices, U.S. benchmark crude oil prices are trading up 3% on Wednesday on sentiments of tight supply and signals from the Federal Reserve that we can still anticipate interest rate cuts in 2024. At 11:40 a.m. ET on Wednesday, West Texas Intermediate (WTI) was trading up 3.13% at $80.60, breaking the $80 threshold, while Brent crude
Investing NEW YORK – Oil futures were little changed on Monday as rising concerns about global demand caused the market to take a break after prices jumped about 6% last week on worries that Middle East tensions could cause supply problems. Brent futures fell 26 cents, or 0.3%, to $81.93 a barrel by 10:48 a.m. EST (1548 GMT), while U.S. West
CNBC Oil rose around 1% on Wednesday in a second day of gains as Middle East supply concerns arising from the Israel-Hamas war and the shutdown of a top Libyan oilfield offset rising U.S. output and worries about economic growth. A report from industry group the American Petroleum Institute added further support as it showed a bigger-than-expected drop in crude
Nasdaq LONDON – Oil prices gained on Friday, as U.S. Secretary of State Antony Blinken prepared to visit the Middle East to try and prevent the Israel-Gaza conflict from widening. Brent crude futures LCOc1 were up 44 cents, or 0.57%, to $78.03 a barrel, while U.S. West Texas Intermediate crude futures CLc1 rose 57 cents, or 0.79%, to $72.76 at 1032 GMT. At its
Houston Chronicle Oil supplies from Iraq, the Middle East’s second-biggest producer, are “potentially vulnerable” amid rising political risks in the country and the broader region, the International Energy Agency warned. Crude prices briefly soared to a three-month high above $70 a barrel last week as tensions between the U.S. and Iran erupted in neighboring Iraq, where America assassinated an Iranian
Reuters BASRA, Iraq – Operations resumed at Iraq’s southern Nassiriya oilfield on Monday, the oil ministry said, but it will take up to two days for output to be fully restored, two oil sources said. Protesters broke into the oilfield, which produces 80,000-85,000 barrels of oil per day, on Saturday and forced employees to cut off electricity from its control
Reuters NEW YORK – Oil prices rose on Monday to three-month highs, lifted by optimism over an expected China-U.S. trade deal and upbeat industrial data, while traders kept a close watch on the Middle East following U.S. air strikes in Iraq and Syria. Brent crude futures LCOc1 gained 55 cents to $68.71 a barrel by 11:17 a.m. EST (1617 GMT).
Reuters LONDON – Oil edged higher on Wednesday as Iran-related tensions escalated but receding hopes for a quick solution to the U.S.-China trade war which has dented global growth dragged on prices. West Texas Intermediate crude futures CLc1 traded up 23 cents, or 0.42%, to $55.44 a barrel by 1225 GMT. Brent crude futures LCOc1 were at $61.23 a barrel,
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