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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 · April 29, 2024 at 4:25 PM PDT. Save. Listen. 1:02. Oil held its biggest drop in almost two weeks as discussions on a possible cease-fire in the Middle East reduced the risk premium for crude. West ...
6 days ago · Updated on. April 26, 2024 at 12:06 PM PDT. Listen. 2:13. Oil rose this week amid signs of a tightening physical market while traders continue to assess lingering Middle East risks. West Texas ...
2 days ago · Updated on. April 28, 2024 at 11:46 PM PDT. Listen. 2:13. Oil slipped as the US pushed to broker a peace deal between Israel and Hamas that would reduce geopolitical tensions in the Middle East ...
Aug 31, 2023 · Updated on. September 1, 2023 at 12:20 PM PDT. Listen. 2:35. Oil prices surged above $85 as a monthslong effort by OPEC+ to reduce supplies gripped the physical market and China showed a new ...
Sep 22, 2023 · September 22, 2023 at 12:17 PM PDT. Listen. 1:47. Oil eased off yearly highs, capping a tumultuous week that saw the Federal Reserve flagging a further rate hike and Russia banning diesel exports.
Sep 18, 2023 · Updated on. September 19, 2023 at 1:12 PM PDT. Listen. 3:08. Oil steadied after surging to a 10-month high as broader risk-off sentiment cooled a piping hot rally driven by OPEC+ supply cuts and ...
Nov 9, 2023 · Oil inched up as technical gauges signaled that crude’s plunge to a three-month low on Wednesday was overdone. West Texas Intermediate rose 0.5% to settle just below $76 a barrel after a $5 ...
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