Crude oil prices settled higher in the previous session, garnering support from tensions in the Middle East, but a stronger US dollar and US inflation data faded hopes that the US Federal Reserve would cut interest rates soon, limiting gains in crude pri...
5 months agoOil prices were moderately lower on Wednesday, April 24, as worries over conflict in the Middle East eased and business activity in the world's largest oil consumer slowed down, however, a fall in US crude oil inventories put a floor on the losses. Oil p...
5 months agoGlobal crude oil prices continued to rise by two per cent over the last month responding an increase in geo-political tensions, even as physical markets turned less tight. Brent crude prices had breached the $90/barrel mark during the period in a respons...
5 months agoOil prices extended losses and fell one per cent on Tuesday, April 30, on the back of rising US crude production, as well as discussions of an Israel-Hamas ceasefire. However, Israeli Prime Minister Benjamin Netanyahu today vowed to go ahead with a long-...
5 months agoOil edged back towards the previous day's seven-week low-mark on Thursday, May 2, paring earlier gains, after US data pointed to persistent labour market strength which further diminished hopes of early decline in US interest rates. Brent crude futures...
5 months agoOil prices plunged three per cent to hit a seven-week low on Wednesday, May 1, on a surprise build in US crude stocks ahead of the Federal Open Market Committee (FOMC) meeting outcome. The prospect of a simmering Middle East ceasefire agreement and persi...
5 months ago