WTI crude futures

Oil surges more than 1% in five days, continues gaining streak for second week; brent crude at $79/bbl

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Oil surges more than 1% in five days, continues gaining streak for second week; brent crude at $79/bbl

Oil prices closed lower on Friday but posted a second consecutive weekly gain as investors considered factors such as potential supply disruptions in the Middle East and the effects of Hurricane Milton on fuel demand in Florida. Brent crude futures fell 36 cents, or 0.45%, to settle at $79.04 per barrel, while U.S. West Texas … Read more

Oil dips on concerns over China demand drop, Middle East ceasefire talks; brent crude at $79.55/bbl

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Oil dips on concerns over China demand drop, Middle East ceasefire talks; brent crude at $79.55/bbl

Oil prices declined in early Asian trading on Monday, influenced by concerns over weaker demand in China, the world’s largest oil importer. Market sentiment was also affected by investor attention on the progress of ceasefire talks in the Middle East, which could potentially lower supply risks. By 0032 GMT, Brent crude futures fell by 13 … Read more