oil prices News

EIA Forecasts Brent Crude to Hit $91 per Barrel by 2050 Amid Shifting Energy Consumption Trends

The EIA predicts Brent crude prices will rise to $91 per barrel by 2050, with WTI reaching $89. US energy consumption is expected to decline before rising again in the 2040s, yet r...

Brent Crude Jumps 1% Following Trump's Tariff Exemptions on Tech Goods

Crude oil prices rose over 1% as markets digest Trump's tariff exemptions on tech goods from China, with Brent reaching $65.69 and WTI at $62.35 per barrel. Beijing calls it a step...

Brent Crude Jumps 1% Following Trump's Surprise Tariff Exemptions on Tech

Crude oil prices rose significantly after President Trump's decision to exempt certain tech devices from high tariffs on Chinese goods, with Brent futures up by over 1%. Beijing re...

Brent Crude Climbs 1% Following Trump's Strategic Tariff Exemptions on Tech

Brent crude oil prices rose over 1% as markets digest Trump's tariff exemptions on certain tech goods from China, with Beijing calling it a step towards correcting trade practices....

Brent Crude Jumps 1% Following Trump's Tariff Exemptions on Tech Goods

Crude oil prices, including Brent and WTI, rose following President Trump's decision to exempt certain tech goods from high tariffs on Chinese imports, a move China called a correc...

Brent Crude Jumps 1% Following Trump's Strategic Tariff Exemptions on Tech

Brent crude futures rose over 1% as markets digest Trump's tariff exemptions on tech from China, with Beijing calling it a corrective step. June's Brent reached $65.69, and May's W...

Asian Markets Plunge as Investors Clamor for Swift US Rate Cuts Amid Trade Tensions

Asian markets experienced significant declines as investors anticipate US rate cuts amidst ongoing trade tensions. Global recession fears grow, impacting oil and gold markets, with...

Market Meltdown: Gold and Oil Prices Crash Alongside Stocks Amid Trade War Fears

The stock market and safe assets like gold and oil crash amid fears of a trade war-induced recession, as the U.S. and China engage in reciprocal tariffs. Global markets react sharp...

Global Markets Tremble as Trade War Fears Escalate: Sensex Dives Below 73,000

Global markets faced turbulence as trade war fears escalated, with the Sensex dropping below 73,000 and oil prices falling below $70 a barrel. Safe havens like gold saw gains, whil...

WTI Crude Prices Surge by 2.5% Amid Trump's Tariff Announcements and OPEC+ Output Concerns

Oil prices surged as President Trump's tariff plans and potential sanctions on OPEC+ members raised concerns over future oil supply and market stability. WTI and Brent crude both s...

Dow Soars Nearly 270 Points as Trump Advocates for Lower Federal Reserve Rates

Following President Trump's speech advocating for lower Federal Reserve rates and addressing global oil prices, the Dow Jones Industrial Average saw a significant increase of nearl...

Indian Stock Market Soars: BSE Sensex Climbs Over 170 Points, Nifty50 Reaches New Heights

Indian equity markets opened strong with BSE Sensex and Nifty50 showing positive trends. Analysts predict cautious market behavior influenced by domestic and global factors. Global...

WTI Crude Surpasses $75 Mark Amid Supply Concerns and Geopolitical Tensions

WTI crude oil prices surged above $75 for the first time since October 2024, driven by supply concerns and geopolitical tensions. U.S. crude inventories dropped significantly, and ...

Indian Stock Market Opens Lower: BSE Sensex and Nifty50 Drop Significantly

Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Monday. BSE Sensex was below 82,000, Nifty50 was below 24,750. Investors await US Fed meeting.

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...