Crude oil prices pared some gains on Friday, June 28, but were on track for a weekly gain as investors weighed poor US fuel demand, but US inflation data for May boosted hopes for sooner interest rate cuts by the US Federal Reserve. Crude oil benchmarks gained almost six per […]
Crude oil prices top news
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 rose four cents, or 0.1 per cent, to $85.75 a barrel, while US West Texas Intermediate (WTI) crude for August delivery remained unchanged at $81.29 from where it closed on Thursday. That put Brent on track for its highest close since April 30 for a second day in […]
Oil prices reached seven-week highs on Wednesday, driven by optimism about summer demand and concerns over escalating conflicts, despite an industry report indicating an unexpected rise in U.S. crude inventories. Brent crude futures for August, set to expire on Thursday, increased by 20 cents to $85.53 a barrel by 12:35 […]
Crude oil prices have resumed their upward trend in recent sessions to hit multi-week highs, led by rising tensions in the Middle East and expectations of OPEC+ countries extending voluntary output cuts of about 2.2 million barrels per day, which were first implemented in 2023 to bolster global crude oil […]