Browsing: Oil prices

Oil prices extended losses in the global commodity market on Wednesday amid …

Oil prices declined on Tuesday as data showing rising Iranian crude exports and a temporary US license

Oil prices extended their decline on Thursday after the US and Iran signed an interim agreement

Crude oil prices continued to decline on Tuesday amid optimism over an initial US-Iran agreement

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…