Oil prices News

Oil Prices Surge 1% as US Tightens Sanctions on Iran, Sparking Global Supply Concerns

Oil prices rose by 1% due to US sanctions on Iran, targeting oil exports and a Chinese refinery, amid nuclear talks. WTI and Brent crude prices saw increases.

Oil Prices Surge Over 1% as China Signals Openness to US Trade Talks Amidst Conditions

Oil prices surged over 1% after China expressed willingness to discuss trade with the US, under specific conditions. WTI and Brent crude both saw increases, reflecting market optim...

Middle East Tensions Fuel Oil Price Surge: A 1% Jump Amid Supply Fears

Oil prices increased by 1% due to escalating Middle East tensions, with U.S. and Israeli military actions prompting fears of supply disruptions. The Houthis' vow to escalate confro...

Oil Prices Surge 1% Amid Rising Tensions in the Middle East

Oil prices climbed 1% due to escalating Middle East tensions, with concerns over supply disruptions following US and Israeli military actions. The Houthi group's vow to escalate co...

Oil Prices Surge Over 1% as Trump Administration's Tariff Policies Create Market Uncertainty

Oil prices surged over 1% amid uncertainties from the Trump administration's tariff policies. Mixed signals on tariffs and the revocation of Chevron's deal with Venezuela have crea...

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 ...

Surge in Oil Prices: A 1% Increase Driven by Shrinking US Inventories

Crude oil prices increased by over 1% following the EIA's report of a 4.2 million barrel decrease in US commercial crude oil inventories. The Baker Hughes rig count remained stable...