Brent crude nears $80 as hedge funds reverse bets
Daan Struyven, an analyst at Goldman Sachs, told clients that a six-month disruption, hitting about 1mn b/d, would push Brent ...
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Oil prices extend gains on fears of wider Middle East conflict
Brent crude futures rose $1.30, or 1.7%, to $79.35 a barrel by 1201 GMT. U.S. West Texas Intermediate (WTI) crude futures jumped $1.40, or 1.9%, to $75.78 ...
Oil pares gains after strongest weekly rise in over a year
Last week, the Brent contract gained over 8% on a weekly basis and the most in a week since January 2023, while the WTI contract gained 9.1% week-on-week, the most since March 2023. "Profit-taking ...
Brent crude pushes toward $80 a barrel on fears Middle East war will threaten supply
Oil futures were up more than 2% Monday, building on last week’s strong gains as investors monitored developments in the ...
Crude Oil rallies after Biden administration says no to bombing Iranian oil fields
Crude Oil jumps over 2% on Monday after the Biden administration verbally pushed back on targeting Iranian oil fields. Markets are pricing in even more risk premium, with uncertainty ruling now over ...
U.S. crude oil jumps nearly 3%, trades above $76 as market waits for Israel strike against Iran
U.S. crude oil rose nearly 3% on Monday, as the market waited for Israel to strike Iran. Oil prices spiked last week on fears that Israel could hit the Iran's oil industry in retaliation for Tehran's ...