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…
People were optimistic that the US President might cut tariffs. However, a strong US dollar prevented big gains. A Russia-led ceasefire is expected to start this week. Tensions between India and Pakistan, which have seen some of the worst fighting in years, also weighed on the market. While crude oil prices rose this week, concerns…
WTI oil prices have continued to decline, trading near $72.90 per barrel during the Asian session on Tuesday. Despite rising energy demand driven by colder weather and China’s economic stimulus efforts, these factors present a complex environment for oil markets. OPEC’s oil production fell in December due to the UAE’s supply cuts, which may support…
In Asian trade, oil prices increased, continuing a recent upward trend as speculation about tighter supply and stronger demand in the largest fuel consumer in the world increased in response to a larger-than-expected drop in U.S. stockpiles. The previous week has seen sharp losses in the crude markets as worries about slowing global demand were…
As indications of reduced US supply helped ease concerns about the global oil market’s deteriorating demand, oil prices steadied throughout Wednesday’s Asian trading session. After dismal economic statistics from China, the world’s largest oil importer, increased worries about slowing demand, crude markets were nursing a steep fall over the previous week. October contract prices for…
