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Market participants, and the price action for crude oil, are caught between potential supply disruptions from geopolitical tensions in Libya and the Middle East and concerns over weakening global fuel demand. -vtmarkets.com
Oil prices continued to climb on Monday as escalating tensions in the Middle East sparked fears of disruptions in regional oil supplies. The conflict, centered on Gaza, saw an escalation over the weekend as Hezbollah launched hundreds of rockets and …
Oil prices remained steady in early Asian trading on Friday, with Brent crude futures dipping by a cent to $77.21 per barrel and U.S. West Texas Intermediate (WTI) crude futures inching up by 4 cents to $73.05 per barrel.
Oil prices fall alongside easing Middle East tensions and weaker demand from China. Geopolitical developments and U.S. inventory data remain key drivers.
Oil prices retreated and broke a five-day winning streak as the market’s focus shifted back to demand concerns.
Oil prices edged higher after a significant drop in US crude inventories, rebounding from multi-month lows. Learn more about the factors influencing the oil market.
Oil prices fall as weak Chinese demand and reduced Middle East conflict concerns pressured the price of the black gold. Read more for the market outlook and forecast.
Brent crude futures for September increased by 7 cents, reaching $82.44 per barrel as of 0014 GMT. Similarly, US West Texas Intermediate (WTI) crude for September rose by 4 cents, hitting $78.32 per barrel.
Key Points: After minor declines, Brent crude oil and WTI are trading at $83.62 per barrel and $80.65 per barrel respectively. US crude inventories fell by 4.4 million barrels, indicating tightening supply. Geopolitical risks in the Red Sea add to …
The yen experienced significant swings on Friday, reflecting investor nervousness after Tokyo likely intervened to support the Japanese currency following a cooler-than-expected U.S. inflation report. Learn what to expect for the Yen in coming weeks.
