Oil prices rose on Thursday as the United States faces an intense storm and tensions in the Middle East continue to simmer. Brent crude futures rose by 0.8%, or 58 cents, to $77.16 per barrel, while the US benchmark, West Texas Intermediate, gained 0.8%,...
Oil prices recovered from their recent losses following the release of a report by the American Petroleum Institute indicating the U.S. stockpiles declined by 5.2 million barrels over the past week. Should official figures reflect this change when released on Wednesday, this would be...
Oil prices rose for a fifth consecutive session on Monday amid supply concerns driven by the rise in Middle East tensions. Rising tension between Israel and Iran has offset optimism about U.S. economic data later this week that is supposed to show signs of...
Oil prices rose on Thursday as higher inventories and record production in the United States provided investors with relief following concerns over disrupted Red Sea shipments. "Oil concerns itself with the state of U.S. production this morning and enters the day less buoyant than...
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...
