Oil prices rose on Monday, partially offsetting last week’s 4% decline, as tensions in Venezuela escalated.US West Texas Intermediate crude oil was up 23 cents, or 0.4%, at $57.67 a barrel, while Brent crude futures rose 25 cents, or 0.4%, to $61.37 a barrel. However, with no clear direction in the markets, concerns about oversupply…
Oil prices fell slightly on Tuesday. This is because of the continuation of the previous day’s 2% decline. Markets are watching the peace talks to end the Ukraine-Russia war, concerns about high oil inventories, and the upcoming US interest rate decision. The IEA report released on December 11 could have a major impact on the…
Oil prices were mostly unchanged in Asian markets on Monday after last week’s gains. This was due to the stalled US-Russia talks on the Ukraine issue and hopes that the Federal Reserve would cut interest rates this weekend. Recent US-led talks have failed to resolve the Russia-Ukraine standoff. Markets are pricing in an 88% chance…
Crude oil prices fell 0.72% to ₹5,264 on heightened demand concerns after OPEC revised its global crude demand growth forecast for 2025 and 2026 by 150,000 barrels per day (bpd). According to OPEC, demand is expected to increase by 1.30 million barrels per day in 2025 and 1.28 million barrels per day in 2026. On…
Crude oil prices fell 6.7% to settle at ₹5,735 after eight OPEC+ countries announced they would go ahead with their production hike plan. While OPEC cited strong fundamentals, it also hinted at pausing future increases if needed. Adding to the downward pressure, the US President’s new tariffs could dampen economic growth and reduce fuel demand….
Russia-Ukraine ceasefire talks and fears of oversupply amid rising trade tensions. US inflation figures for February showed softer-than-expected growth. To stabilize the region and ensure continued energy supplies, the US has initiated ceasefire talks between Russia and Ukraine. If the ceasefire is successful, more crude exports from the region could contribute to global supply. The…
Oil prices fell to their lowest in nearly three months in Asian trade on Tuesday, as concerns mounted about the economic disruption caused by rising US trade tariffs and the possibility of additional OPEC+ output. Oil has not been resting this week as the world’s largest economies threatened to escalate their trade war. Concerns also…
