TAG: oil price
Oil hits 2024 high-mark as tankers avoid Red Sea after air strikes; Brent settles at $78/bbl
Oil prices rose one per cent in the previous session as an increasing number of oil tankers diverte...
8 months ago
Oil prices rise on heightened supply concerns, brent crude at $86.48/bbl
Oil prices surged over 1% on Monday amidst escalating tensions between Russia and Ukraine, as well as heightened unrest in the Middle East. Brent crude futures saw a rise of $1.05, marking a 1.2% increase to reach $86.48 per barrel by 1423 GMT, while U.S...
6 months ago
Morgan Stanley sees brent crude prices hitting $90/barrel this summer
Global brokerage house Morgan Stanley sees brent crude oil prices hitting $90 per barrel this summer. The brokerage has revised its Brent oil price projections upward by $10 per barrel to $90 for the third quarter of 2024. This adjustment is attributed t...
6 months ago
Oil plunge deepens as concerns over economy drive selloff
Oil plunged for a second day, dipping below $70 a barrel in New York as the prospect of a US recession triggered a flight from riskier assets and threatened to curb fuel demand. Just days after OPEC began cutting production in an effort to stabilize cr...
6 months ago
Oil stabilises after surging over 4% last week; brent crude at $91.01/bbl
The global oil benchmark Brent stabilized above $91 per barrel on Monday, paring back initial declines triggered by Israel's withdrawal of additional troops from Gaza and its commitment to new discussions regarding a potential ceasefire in the Middle Eas...
6 months ago
Oil prices decline as risk premium eases following Iran attack; brent crude at $89.64/bbl
Oil prices saw a downward drift on Monday, as the market seemed to minimize concerns about a wider regional conflict following Iran's weekend attack on Israel. Brent futures for June delivery dropped by 81 cents, approximately 0.9%, reaching $89.64 per...
5 months ago
Oil prices decline amid Israel-Hamas peace talks, Fed rate cut expectations
Oil prices dropped by over $1 per barrel on Monday due to ceasefire talks between Israel and Hamas in Cairo, which alleviated concerns about a broader conflict in the Middle East. Additionally, U.S. inflation data suggested that interest rate cuts migh...
5 months ago
Oil falls as Chinese demand concerns overshadow Libyan export halt
Brent oil prices declined 2% on Tuesday as sluggish economic growth in China, the world's biggest crude importer, increased demand concerns that overshadowed the impact of halted production and exports from Libya.Brent crude futures fell by $1.65, or 2.1%...
1 month ago
Oil drops more than 3% after media report of potential end to Libya dispute
Oil prices dropped more than 3% on Tuesday after Bloomberg News reported that a deal was imminent to resolve a dispute that has halted Libyan production and exports, pushing prices to their lowest since around the beginning of the year.The news of more cr...
1 month ago