Oil prices rose slightly as expectations of robust summer fuel demand and escalating geopolitical tensions offset the impact of a stronger dollar, on Monday. Brent futures for August delivery increased by 53 cents to reach $85.77 per barrel, marking a 0.6% gain, as of 11:38 a.m. EST (1538 GMT). Meanwhile, […]
Brent futures
Oil prices surged approximately 2% to reach a one-week peak on Monday, driven by optimism surrounding increased fuel demand anticipated during the summer months, despite the strengthening of the U.S. dollar and expectations that the Federal Reserve (Fed) will maintain higher interest rates for an extended period. Brent futures climbed […]
Oil prices climbed higher on Friday, extending their upward trajectory fueled by positive indicators of economic improvement in China. Additionally, the ongoing negotiations to ease tensions between Israel and Hamas, which have so far yielded no results, contributed to the bullish sentiment in the market. Brent futures rose 37 cents, […]