Crude oil prices extend gains on fears of wider West Asian conflict
The potential escalation of the conflict has countered mounting demand-side pressures, said Priyanka Sachdeva, analyst at ...
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 ...
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 ...