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Oil Prices News

Oil Prices Surge 1% Amid Rising Middle East Tensions and Supply Concerns

Michael Lee 18 Mar, 2025

Oil prices rose by 1% due to escalating Middle East tensions and supply concerns, with U.S. strikes in Yemen and Israeli actions in Gaza heightening fears of a broader conflict. Th...

Business

Oil Prices Rise Amid US Inflation Data and IEA Demand Forecast

Christopher Adams 13 Dec, 2024

Oil prices increased due to U.S. inflation data and IEA's revised oil demand outlook, signaling potential Federal Reserve interest rate cuts and resilient global oil demand.