Browsing: Oil prices

Oil price losses deepened on Monday as expectations of resumed flows through the Strait of Hormuz

Oil prices posted steep weekly losses Friday as signs of de-escalation between Iran, Israel and the US eased fears of disruptions to global crude supplies, reversing gains made earlier in the week amid heightened Middle East tensions.

Oil prices rose as markets weighed renewed supply concerns following fresh US strikes against Iran. Brent crude traded at $91.46 per barrel, up around 0.01% from the previous close of $91.45. US benchmark West Texas Intermediate (WTI) rose about 0.01% to $88.19 per barrel, compared with $88.2 in the previous session.

Oil prices retreated on Tuesday after Iran and Israel announced a halt to attacks, while comments from US President Donald Trump signalling progress in negotiations with Tehran eased supply disruption concerns.

Oil prices are softer in the global commodity market on Thursday following reports of a ceasefire deal between Lebanon and Israel, which boosted hopes for a broader agreement to end the US-Israeli conflict with Iran that could potentially lead to a reopening of the Strait of Hormuz.

Oil Prices Increase on Elevated Geopolitical Risk Premium Oil prices rose on Tuesday, with Brent crude trading above $103 a…

Oil Tops $105 as Middle East War Keeps Prices Elevated Oil prices rose on Monday as escalating tensions in the…

The US Energy Information Administration (EIA) has raised its average oil price forecast for 2026, citing heightened geopolitical tensions and disruptions to oil shipments through the Strait of Hormuz.

Oil prices spiked on Monday due to escalating conflict in the Middle East and threats to energy shipments through the Strait of Hormuz, raising fears of potential supply disruptions.

Oil Prices Drop after Trump’s Framework for Greenland Deal Oil prices dropped on Thursday as pressure eased in the global…