Crude Oil price surged on Friday, heading for a third consecutive week of gains as traders focused on potential supply disruptions due to impending sanctions on Russia and Iran. Brent crude futures rose by $1.90, or 2.47%, reaching $78.82 a barrel, marking the highest level in nearly three months. Similarly,
Crude Oil prices continued to slide on Thursday, marking a second consecutive day of declines, primarily due to significant increases in U.S. fuel inventories. Brent crude futures dropped 8 cents to $76.08 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 11 cents to $73.21. Both benchmarks experienced a
On Tuesday, January 7, 2025, Crude oil prices experienced a rebound, reversing previous declines as concerns over tighter supplies from Russia and Iran due to escalating Western sanctions took center stage. Brent crude futures climbed by 59 cents, or 0.77%, reaching $76.89 per barrel, while U.S. West Texas Intermediate (WTI) crude rose by 42 cents,
Oil prices experienced a slight decline on Monday, January 6, 2025, largely influenced by a robust U.S. dollar and anticipation of significant economic data from the U.S. Federal Reserve later this week. Brent crude futures fell by 28 cents to $76.23 per barrel, while U.S. West Texas Intermediate (WTI) crude
🛢️ Crude Oil Price Surge as Global Stimulus Measures and China’s Economic Policies Boost Demand 🌍 Global Stimulus Efforts Major economies, including the US and China, are rolling out or planning significant stimulus initiatives to counteract sluggish growth. These measures—ranging from increased infrastructure investments to tax incentives—are expected to spur
Crude Oil prices witnessed one and half percent higher on Wednesday after the European Union agreed to an additional round of sanctions threatening Russian oil flows that could tighten global crude supplies. European Union ambassadors agreed on Wednesday to a 15th package of sanctions on Russia over its war against
Crude Oil price rose more than two percent on Tuesday as Israel threatened to attack the Lebanese state if its truce with Hezbollah collapses, and as investors positioned for OPEC+ to announce an extension of supply cuts this week.. Brent crude futures posted their biggest gains in two weeks, rising
Crude Oil price retreated over three percent on Monday following 6% gains last week, after multiple reports that Israel and Lebanon had agreed to the terms of a deal to end the Israel-Hezbollah conflict, citing unnamed senior U.S. officials. Brent crude LCOc1 futures settled at $73.01 a barrel, down 2.87%.
Crude oil price held near their lowest in two weeks on Wednesday, a day after OPEC downgraded its forecast for global oil demand growth in 2024 and 2025 and amid demand concerns in China. However, Crude oil price rebounded slightly before the closing on short-covering a day after they fell
Crude Oil price posted nearly one percent on Thursday as the market weighed how President-elect Donald Trump’s policies would affect supplies and as drillers cut output while bracing for Hurricane Rafael. On Wednesday, the election of Republican former President Trump initially triggered a sell-off that pushed oil down more than
