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Oil prices saw further gains this week as tensions in the Middle East escalated, propelling WTI crude to around US$87 a barrel, while the global benchmark, Brent, approached US$91, nearing its highest level since October.
2 days ago · Bill Lehane and Yongchang Chin, Bloomberg News. Oil touched the highest level in almost two months, with the market gripped by turmoil in the Middle East and political uncertainty in some of the world’s biggest economies. Brent crude and West Texas intermediate edged up, hitting their highest intraday levels since April 30.
Jun 19, 2024 · June 20, 2024 at 12:16 PM PDT. Listen. 1:39. Oil rose as a drawdown in US crude inventories extended a rally that has been supported by a hot streak for equity markets. West Texas Intermediate ...
Apr 4, 2024 · Brent crude climbed above US$90 a barrel for the first time since October as the conflict in the Middle East showed signs of escalating.
5 days ago · Photographer: Angel Garcia/Bloomberg , Bloomberg. (Bloomberg) -- Oil dipped for a second session as traders weighed geopolitical developments in the Middle East and the outlook for summer demand. Brent slipped below $85 a barrel after closing 0.6% lower on Friday as futures crossed into overbought territory. West Texas Intermediate was above $80.
4 days ago · Updated on. June 25, 2024 at 12:04 PM PDT. Listen. 2:06. Oil dropped as a stronger dollar and weakness in technical measures overshadowed rising geopolitical risks. West Texas Intermediate fell to ...
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