U.S. West Texas Intermediate crude futures

Oil rises 2% amid concerns over Middle East supply disruptions; brent crude at $75.42/bbl

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Oil rises 2% amid concerns over Middle East supply disruptions; brent crude at $75.42/bbl

Oil prices increased on Thursday as investors grew concerned that an escalating conflict in the Middle East could potentially disrupt crude oil shipments from the region. However, gains were limited by an improved global supply outlook. By 1211 GMT, Brent crude futures had risen by $1.52, or 2.06%, to $75.42 per barrel, while U.S. West … 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