Global Oil Prices Dip 1.5% as US Sanctions on Russia Lose Steam
Crude oil prices have declined as the market's reaction to US sanctions on Russian oil companies cools. WTI and Brent crude both saw decreases, marking the first downturn since the...
Brent crude News
US Oil Futures Surge 1% Amid Significant Inventory Draw, Sparking Supply Concerns
Oil futures surged by 1% following an EIA report showing a significant draw in U.S. oil inventories, raising supply concerns. WTI and Brent crude prices both saw notable increases.
Xi Jinping's Economic Optimism Fuels 1% Surge in Oil Prices
Crude oil prices rose by more than 1% in early 2025 following China's President Xi Jinping's positive economic outlook, predicting a 5% GDP growth for 2024 and plans for proactive ...
Middle East Tensions Escalate: Oil Prices Surge 1% Amid Rising Geopolitical Risks
Oil prices surged 1% as Middle East tensions escalated, with Yemen's Houthis claiming a missile attack on Tel Aviv and Israel's Defense Minister threatening retaliation. Brent and ...
2025 Oil Demand Surge Sparks 1% Price Rise
Crude oil prices rose as the IEA revised its global oil demand growth forecast, projecting a significant uptick in 2025. WTI and Brent crude saw increases of 1.16% and 1.10% respec...
Oil Prices Stabilize Amid IEA Forecast and Rate Cut Hopes
Oil prices stayed steady as markets balanced IEA's ample supply forecast against hopes for a Federal Reserve rate cut. Brent and WTI crude futures saw minor declines, influenced by...
EIA Lowers 2025 Oil Price Forecasts: What's Driving the Change?
The EIA has lowered its 2025 forecasts for Brent and WTI oil prices, citing potential inventory buildup. Brent is now expected to average $73.58 per barrel, and WTI $69.12 per barr...
