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 […]
The purchases are part of an effort to replenish stockpiles after President Joe Biden ordered the largest-ever sale from the reserve in 2022 of 180 million barrels to control fuel prices following Russia’s invasion of Ukraine. The US bought 3.5 million barrels from Exxon Mobil (XOM.N), opened a new tab, 2 million from Shell Trading […]
Brent crude futures for November rose 8 cents to $73.73 a barrel by 0015 GMT, while WTI crude futures for October declined 3 cents to $70.88 a barrel. The U.S. central bank cut interest rates by half a percentage point on Wednesday. Interest rate cuts typically boost economic activity and energy demand, but the market […]
Brent crude futures for November were up $1, or 1.4% at $71.61 a barrel at 0632 GMT. U.S. crude futures for October were up 92 cents, or 1.4%, at $68.23 a barrel. Both contracts rose by more than 2% in the previous session as offshore platforms in the U.S. Gulf of Mexico were shut and […]
