U.S. crude

Oil drop over $1 per barrel as Israeli officials work to prevent wider Middle East conflict

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Oil drop over $1 per barrel as Israeli officials work to prevent wider Middle East conflict

Oil prices dropped by over $1 per barrel on Monday following statements from Israeli officials who expressed a desire to prevent a full-scale conflict in the Middle East while addressing a lethal rocket attack in the Israeli-occupied Golan Heights over the weekend. By 11:17 a.m. EDT (1517 GMT), Brent futures for September delivery had fallen … Read more

Oil remains steady despite demand uncertainty; brent crude at $84.23/bbl

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Oil remains steady despite demand uncertainty; brent crude at $84.23/bbl

Oil prices remained steady on Tuesday as traders awaited signs of increased summer demand that could support prices, despite concerns about ample supply potentially limiting gains. Benchmark Brent crude futures were unchanged at $84.23 per barrel at 1231 GMT, following an increase in the previous session. Meanwhile, U.S. West Texas Intermediate crude futures, which also … Read more