Search results
Oil company earnings underwhelm despite crude price flirting with US$85 a barrel. Oil prices rose this week as tightening supply conditions and ongoing tensions in the Middle East contributed to push prices higher.
Get updated data about energy and oil prices. Find natural gas, emissions, and crude oil price changes.
Jan 16, 2024 · Oil fell as risk-off sentiment in equities markets outweighed Red Sea shipping dangers. West Texas Intermediate crude is stuck in a narrow trading range even after Houthi attacks on merchant ships in the Red Sea gave prices a boost earlier in the session.
Jan 24, 2024 · Oil inched higher, aided by gains across markets as China sought to stimulate its economy, and ahead of U.S. inventory data due later. Global benchmark Brent edged toward US$80 a barrel though it remains steadfastly rangebound.
Jan 19, 2024 · Oil swung in a narrow range as expectations for swelling global supplies ease the effects of escalating tensions in the Middle East. The U.S. has launched multiple attacks on Houthi targets in Yemen as the Iranian-backed group continues to menace shipping off the coast, firing at another vessel.
May 8, 2023 · Crude Oil Prices Hold Two-Day Gain Amid Disruptions to Canadian Production - Bloomberg. Markets. Oil Reverses China-Driven Drop, Rises on US Plan to Refill SPR. China’s recovery...
People also ask
Why did oil prices rise this week?
How much should crude oil cost in geopolitical supply?
Are investors finally realizing that oil demands?
Will oil price flare up this year?
Feb 1, 2024 · Oil slumped as talks to pause the Israel-Hamas war reduced crude’s geopolitical risk premium, with the decline accelerating after the commodity slipped below key technical levels. West Texas Intermediate fell 2.1 per cent to settle around US$72 a barrel.
