Mideast Jitters: Major Crude Oil Swings on the Horizon

Mideast Jitters: Major Crude Oil Swings on the Horizon

Crude oil prices rose over 2% on Friday, recovered from a two-day dip and positioning for a weekly gain as investors monitor Middle East developments. With potential negotiations between Israel and Hamas on the Gaza conflict, traders remain alert to any possible Israeli actions against Iran. Market focus is also

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Can Shrinking Crude oil Stocks Prevent a Price Collapse?

Can Shrinking Crude oil Stocks Prevent a Price Collapse?

Crude Oil prices edged higher on Thursday, recovered from two-week lows, driven by a decline in U.S. crude and fuel inventories. Brent crude settled at $74.45 per barrel, gaining 0.31%, while U.S. West Texas Intermediate fell to $70.67, down 0.4%. Earlier, both benchmarks had dropped after OPEC and the IEA

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Focus Crude Oil Price Drop as US Supply Surges – What’s Next?

Focus Crude Oil Price Drop as US Supply Surges – What’s Next?

Crude Oil price dropped over one percent on Wednesday on rising U.S. crude inventories, while the risk of Iranian supply disruptions caused by the Middle East conflict and Hurricane Milton in the United States curbed price declines. Brent crude futures LCOc1 were down 82 cents, or 1% at $76.36 a

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Crude skyrockets,primed for more surges until conflict eases

Crude skyrockets,primed for more surges until conflict eases

Crude Oil prices rose on Friday, posting their biggest weekly gains in over a year due to mounting concerns about a potential region-wide conflict in the Middle East. However, gains were tempered after U.S. President Joe Biden discouraged Israel from targeting Iranian oil facilities. Brent crude futures (LCOc1) rose by

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Will Crude Oil Break Support Levels or Stay Strong?

Will Crude Oil Break Support Levels or Stay Strong?

Crude Oil Prices were able to gain slightly on Friday and settled with a half percent intraday gain. However, on a weekly basis drop over four and half percent as investors weighed expectations for higher global supply against fresh stimulus from top crude importer China. Brent crude oil futures LCOc1

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Will Crude Oil Price Keep Rising or Is the Rally Fading?

Will Crude Oil Price Keep Rising or Is the Rally Fading?

Crude oil price surged higher on Tuesday, fueled by mounting U.S. output fears in the wake of Hurricane Francine’s devastation and expectations of shrinking U.S. crude stockpiles. The market held its breath as Brent crude futures for November edged up by 16 cents, or 0.2%, to $72.91 a barrel, while

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Crude Oil Jumps on Gulf Coast Storm: Today's Focus on Gains

Crude Oil Jumps on Gulf Coast Storm: Today’s Focus on Gains

Crude oil futures jumped by almost 1% on Monday as a potential hurricane approaching theU.S. Gulf Coast helped oil prices to recover some of the previous week heavy losses. Brent crude LCOc1 rose by 0.82%, to $71.64 a barrel while West Texas Intermediate crude futures CLc1 were up 0.9%, at

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Crude Oil Slumps 5%: Will It Break Multi-Week Support?

Crude Oil Slumps 5%: Will It Break Multi-Week Support?

Crude oil prices fell nearly 5 percent on Tuesday to their lowest level in nearly nine months on signs of an agreement to resolve a dispute that has halted oil production. of Libya and exports. It was the biggest daily drop since June 2024. Also, global energy demand concerns weighed

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Will Crude Oil Hold Key Support Ahead of Jackson Hole?

Will Crude Oil Hold Key Support Ahead of Jackson Hole?

Crude oil prices fell more than two percent on Wednesday as the U.S. government cut sharply in a set of labor data closely watched by investors. West Texas Intermediate (WTI), the benchmark for U.S. crude, traded around $71.70 on Thursday. WTI prices fell as fears of a major war in

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Will the Crude oil prices found support from here or not?

Will the Crude oil prices found support from here or not?

Crude oil prices extended losses from Friday to start the week. Brent crude hit its lowest since January after data showed the US economy created fewer jobs than expected last month and weak Chinese economic data added pressure. US job growth slowed more than expected in July and the unemployment

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