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…
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…
Oil prices were steady on Wednesday after falling to a one-month low the previous day. Investors are watching expectations of a possible supply glut and how the Russia-Ukraine peace talks will play out. Both Brent crude and WTI fell 89 cents on Tuesday. The reason was that Ukrainian President told European leaders that he was…
Crude prices fell on Monday as crude oil loading resumed at Russia’s Novorossiysk port.Ukraine attacked the Novorossiysk port and a nearby Caspian Pipeline Consortium terminal on Friday. The damage caused by the attack has halted about 2% of global oil exports, sending Brent and WTI prices up more than 2%. While global oil markets are…
Oil prices rose in Asian trading on Monday due to the US government shutdown. Last week, prices fell by approximately 2% due to concerns about an oversupply of oil and declining global demand. Now that prices have fallen, some investors have done “bargain buying” and prices have risen again. A strong US dollar also affected…
Oil prices rose slightly in Asian markets on Friday. This was due to a slight depreciation of the US dollar. When the dollar is weak, foreign buyers can immediately buy goods (such as oil) that are sold in dollars, which leads to a slight increase in prices. By 2025, the alliance of oil-producing countries known…
Oil prices fell in Asian markets on Monday as concerns about Middle East supply problems began to fade. The main reason for the decline was an expected increase in OPEC+ oil production. Traders had previously reduced the “risk premium” they had added due to tensions between Iran and Israel. Now that those tensions have eased…
Crude oil prices fell 1.81% to ₹6,171 per barrel as tensions between Israel and Iran eased. This worried investors, leading them to reduce their safe-haven investments. Due to this, some opted to take profits after the recent price fluctuations. It was 990,000 in the first quarter. The IEA attributed this to slower economic growth and…
