oil prices News

US Oil Production Surge Forecasted as Prices Dip by 1% Post-Trump Inauguration

Oil prices fell by 1% as President Trump's inauguration and his promise to increase US oil and gas production led to a national energy emergency declaration, affecting futures for ...

US Sanctions Propel Oil Prices Up by 2%, Spotlight on Russia's Energy Sector

Crude oil prices surged over 1% due to US sanctions targeting Russia's energy sector, affecting major producers and raising global supply concerns. WTI and Brent prices both saw si...

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...

Global Oil Prices Surge Following US and UK Sanctions on Russian Energy Giants

Crude oil prices increased as markets responded to new sanctions by the US and UK on Russian oil companies Gazprom Neft and Surgutneftegas, with significant financial impacts antic...

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 ...

Oil Prices Drop Amid Progress in Israel-Hamas Ceasefire Talks

Oil futures declined by 1% on Monday as Israeli Prime Minister Benjamin Netanyahu announced progress in ceasefire talks with Hamas, suggesting a potential temporary peace in the Mi...

Fed Rate Decision Looms: Oil Prices Stabilize Amid Investor Caution

Oil prices hold steady as investors await the Federal Reserve's interest rate decision, with focus on potential rate movements in 2025. Political uncertainty and fresh sanctions ad...

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...

Oil Prices Surge Amid Middle East Political Turmoil

Oil futures prices increased as investors evaluated the consequences of political changes in Syria and regional reactions. WTI and Brent prices rose by 1.09% and 1.05% respectively...

Middle East Turmoil Sends Oil Prices Soaring Over 1%

Oil futures prices rose on Monday as traders assessed the potential consequences of opposition forces seizing power in Syria and ousting President Bashar al-Assad. West Texas Inter...

Oil Prices Stabilize Near $90 Amid Supply Scarcity and Investor Caution

Oil prices have stabilized near $90 as supply scarcity and investor caution create a balancing act in the market. Despite physical crude cargoes commanding hefty premiums and promp...

Oil Prices Surge as OPEC+ Meeting Looms and Middle East Tensions Escalate

Oil prices continued to increase on Tuesday ahead of the OPEC+ meeting on December 5. The group is expected to defer its scheduled increase in oil production. Geopolitical tensions...

Oil Prices Surge Amidst Rising Demand and Geopolitical Tensions

Crude oil futures rose 1% on Monday, driven by a faster expansion in China's manufacturing sector and ongoing geopolitical tensions in the Middle East. West Texas Intermediate (WTI...