Browsing: oIL

Oil Prices Edge Higher as Ships Stuck in Waterway Oil prices edged higher on Thursday as shipping disruptions in the…

Oil Prices Climb Ahead of Deadline to Reopen Hormuz Oil prices edged higher on Tuesday but remained volatile, as markets…

Brent Price Hovers Around $110 on US-Iran Ceasefire Move Brent crude price hovered around $110 per barrel on Monday as…

Reversing trend, US West Texas Intermediate crude grade surpassed Brent prices as the oil supply outlook worsened due to the escalating Middle East conflict.

Oil prices surged by about 7% in the global commodity market on Thursday as escalating tensions between the United States and Iran stoked concerns of potential supply disruptions in the Middle East.

Oil prices dropped sharply in the global commodity market on Wednesday after the U.S. announced its plan to exit Iran in two to three weeks, suggesting the Middle East war could end sooner than expected.

Oil prices dipped on Tuesday as US President Donald Trump signalled progress in negotiations to end joint US-Israeli strikes on Iran, while warning that the country’s critical energy infrastructure would be at risk if talks fail.

Crude oil prices surged early on Monday amid concerns about rising supply risks as the war in the Middle East spread across the region.  The US-Iran war could be prolonged after the 15-point peace proposal by Washington was rejected by Tehran, with a counterproposal last week.

Oil Prices Surge over Unresolved Supply Risk Reflecting unresolved supply risks, oil prices edged slightly higher on Friday, as rising…

Oil Prices Surge after Iran Rejects U.S. Peace Proposal Oil prices surged in the global commodity market on Thursday as…