Brent crude futures fell by 41 cents, or 0.56%, to $72.47 a barrel by 0420 GMT. U.S. West Texas Intermediate crude futures fell 39 cents, or 0.56%, to $68.99 per barrel. Chinese state-owned refiner Sinopec said in its annual energy outlook, released on Thursday, that China’s crude imports could peak as soon as 2025 and […]
Falls were limited however by concerns of supply disruptions in the event of more US sanctions on major suppliers Russia and Iran. Brent crude futures fell 21 cents, or 0.3%, to $74.28 a barrel by 0110 GMT after settling at their highest level since Nov. 22 on Friday. US West Texas Intermediate crude dropped 30 […]
Brent crude futures climbed 13 cents, or 0.2%, to $75.30 a barrel by 0115 GMT, while U.S. West Texas Intermediate crude futures were at $71.38 a barrel, up 14 cents, or 0.2%. Both contracts last week notched their biggest weekly gains since late September to reach their highest settlement levels since Nov. 7 after Russia […]
Reports indicate that essential commodities have jumped by Rs20 to Rs80 per kilogram, primarily due to a steep increase in palm oil prices on the international market. The price of palm oil prices has escalated from $900 to $1,200 per ton, marking a staggering rise of $300 recently. This dramatic surge is attributed to various […]
The price of North Sea Brent for delivery in December fell by 4.05 percent to $72.97, while West Texas Intermediate plunged by 4.19 percent to $68.77. Israel said it hit Iranian missile factories and military facilities across several provinces at the weekend. “Israel’s strike, carefully avoiding energy sites, has softened fears of a full-scale conflict […]
Brent crude futures dipped 20 cents, or 0.3%, to $75.84 a barrel by 0330 GMT. U.S. West Texas Intermediate crude futures shed 20 cents, or 0.3%, to $71.54 a barrel. Crude futures settled higher in the two previous sessions this week. “The market continues to wait for Israel’s response to Iran’s missile attack,” ING analysts […]
Brent crude futures rose 8 cents, or 0.11%, to $73.14 a barrel by 0120 GMT. U.S. West Texas Intermediate crude futures gained 10 cents, or 0.14% to $69.32 a barrel. Brent had settled down more than 7% lower last week, while WTI lost around 8%. That marked the contracts’ biggest weekly decline since Sept. 2, […]
Brent futures rose $2.82, or 3.7%, to settle at $79.40 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $2.61, or 3.6%, to settle at $75.85. In the U.S., the world’s largest oil producer and consumer, Hurricane Milton barrelled across Florida, where about a quarter of fuel stations sold out of gasoline. The storm […]
Brent crude futures were up 9 cents, or 0.12%, to $77.71 a barrel as of 0010 GMT. U.S. West Texas Intermediate crude futures were up 8 cents, or 0.11%, to $73.79 a barrel. Both benchmarks were on track for weekly gains of about 8%. President Joe Biden said on Thursday the US was discussing strikes […]
Brent crude – a key benchmark for oil prices internationally – rose more than 1% to $74.40 a barrel. During trading on Tuesday, it jumped more than 5%. According to the US Energy Information Administration, Iran is the seventh-largest oil producer in the world and the third-largest member of the OPEC oil producers’ cartel. Traders […]
