After dropping the previous session, oil prices were mixed on Tuesday as investors balanced general economic worries against weather-related supply and demand problems in the United States and ongoing tensions in the Middle East that resulted in additional tanker diversions. At $78.20 a barrel, Brent crude futures increased by 5 cents, or roughly 0.06%. Earlier…
Copper prices increased by 0.91% to close at 739.3, supported by strong demand and mounting worries over supply interruptions. The optimism was bolstered by industrial profit improvements in China, the world’s largest metals user, as well as hopes of Chinese economic policy support amidst concerns about supply interruptions owing to Red Sea shipping restrictions. The…
As tensions in the Middle East increased as a result of Houthi attacks on ships in the Red Sea, crude oil prices increased by 0.47% to close at 6163. Concerns over possible interruptions to oil supplies were raised by the circumstances. But Angola’s move to leave OPEC raised doubts about the organization’s capacity to sustain…
As geopolitical tensions in the Middle East escalate, especially in light of the Houthi attacks on ships in the Red Sea, crude oil prices saw a little increase of 0.11%, ultimately settling at 6174. This increase was fueled by mounting concerns about interruptions to global supply. The U.S. government intends to buy an extra 2.1…
The growing attacks in the Red Sea, which have forced oil corporations and tanker owners to steer clear of the area, caused crude oil prices to spike by 2.11%, closing at 6,137. According to Russian Deputy Prime Minister Alexander Novak, the country is considering reducing its oil exports by more than 50,000 barrels per day…
