After OPEC+ reiterates the delay, oil prices rise by more than 1%, with supply issues being highlighted.

Oil prices increased by over 1% during Asian trading on Monday, with Brent Oil Futures rising 1.2% to $63.13 per barrel and West Texas Intermediate (WTI) crude jumping 1.2% to $59.27 per barrel. This price surge is attributed to OPEC+’s decision to maintain output steady through the first quarter and to renewed concerns over supply…

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crude oil

After a 3% decline last week, oil prices are stable; all eyes are on the US Fed’s upcoming action and the Russia-Ukraine deal.

Following a roughly 3% decline last week, oil prices took a break on Monday as investors assessed the likelihood of a US rate decrease against the possibility of a Russia-Ukraine agreement that may ease sanctions and allow additional Russian supply. Ahead of a deadline set by US President Donald Trump on Thursday, the United States…

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