Tag: Oil Prices increase

Oil prices rose on Monday after Saudi Arabia and Russia confirmed that they would sustain their oil cuts until the end of the year. U.S. West Texas Intermediate crude rose $1.07, or 1.33%, to $81.58 per barrel, while Brent crude futures were up $1.03,...

Oil prices continued to surge on Friday as the conflict between Israel and Hamas continued to rage on. Prices were on course to a second consecutive weekly gain. Global benchmark Brent rose above $93 per barrel, with JPMorgan Chase & Co. analysts including Natasha Kaneva...

U.S. futures slipped on Wednesday morning as investors' fears surrounding the Israel-Hamas conflict continued to soar. Futures on the Nasdaq 100 fell by as much as 0.5% while those on the S&P 500 declined by 0.3%. Contracts listed on the Dow Jones Industrial Average...

Oil and treasury yields are surging as signs indicate that the fighting between Israel and Hamas is set to intensify. Brent crude rose by 3%; its largest weekly gain since April, while the 10-year Treasury yield dropped eight basis points to 4.61%. West Texas...

Oil prices remain unlikely to exceed $100 per barrel even as conflict between Israel and Hamas continues to intensify. This comes after production cuts from Saudi Arabia and Russia and fuel shortages threatened to send oil prices upwards. Ed Morse, global head of commodity strategy...

Goldman Sachs analysts have claimed that rising oil prices should not have too much of an impact on U.S. consumers or gross domestic product, adding that they are a manageable challenge for the U.S. economy. On Monday, the national average for gasoline was $3.85;...