Oil prices fell on Thursday as reports that Saudi Arabia was offering additional crude cargoes through Oman helped ease immediate concerns over global supply disruptions. Brent crude futures declined to around $104.59 a barrel, while US West Texas Intermediate (WTI) traded near $101.29 a barrel, extending losses from the previousContinue Reading
Oil prices eased on Thursday, extending losses on reports of Saudi Arabia offering extra crude cargoes through Oman, which reduced fears of supply disruptions, but stayed above $100 on concerns about the Middle East conflict expanding. Brent crude futures dropped $1.88, or 1.8%, to $103.95 a barrel, while United StatesContinue Reading
Oil prices moved higher toward $100 per barrel, supported by growing concerns over potential disruptions to crude production, refining and tanker movements in the Middle East. Brent crude was trading around $97.66 per barrel, while West Texas Intermediate (WTI) stood at approximately $93.05 per barrel. The gains reflect increasing uncertaintyContinue Reading
Oil prices climbed to multi-week highs on Tuesday as concerns over prolonged disruption to Middle East supply increased, adding fresh risk to global crude markets. Brent crude rose to $98.25 a barrel, while U.S. West Texas Intermediate (WTI) reached $93.70, according to Reuters. Brent had earlier reached $98.79 a barrel,Continue Reading
Oil prices came under renewed pressure on Thursday as a sharp increase in US crude inventories combined with weaker 2026 demand forecasts from OPEC and the International Energy Agency (IEA) to offset ongoing supply concerns linked to disruptions around the Strait of Hormuz. US commercial crude inventories increased by 17.4Continue Reading
Oil prices climbed more than 2% on Tuesday as fading hopes of an imminent agreement to reopen the Strait of Hormuz renewed concerns over global crude supply and shipping disruptions. Brent crude futures rose 2.4% to around $89.80 a barrel, while US West Texas Intermediate (WTI) crude gained 2.7% toContinue Reading
