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Browsing: WTI
Oil prices surged nearly 5% Wednesday, with Brent crude topping $95 a barrel, as escalating US-Iran tensions
Oil prices are on track for a weekly gain of more than 13% as escalating tensions between the United States and Iran revived concerns over potential disruptions to crude supplies through the Strait of Hormuz.
Oil prices edged higher on Friday as investors balanced signs of progress in US-Iran peace efforts
Oil prices rose as escalating military exchanges between the US and Iran and renewed tensions surrounding the Strait of Hormuz heightened fears of disruptions to global crude supplies.
Brent and US West Texas Intermediate (WTI) climbed as the oil market extended its weekly rally on renewed geopolitical tensions in the Middle East and concerns over disruptions to crude flows through the Strait of Hormuz.
Oil market posts weekly losses as progress toward a US-Iran ceasefire agreement eases concerns over potential supply disruptions through the strategic Strait of Hormuz.
Oil prices rose on Monday as efforts to balance the global demand and supply equation continued to yield less favourable outcomes, with US President Donald Trump’s ‘clock is ticking’ warning to Iran.
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