oil prices News

Oil Prices Drop Over 1% as US Inventories Rise and OPEC+ Considers Production Boost

Oil prices fell over 1% on Thursday due to unexpected US crude inventory increases and speculation about OPEC+ considering production boosts. WTI dropped to $63.10 while Brent decl...

Oil Prices Surge 1.3% Amid Uncertainty Over Trump-Putin Summit's Impact on Russian Crude Exports

Oil prices rose as investors speculated on the impact of the Trump-Putin summit on Russian crude exports. The meeting's agenda includes economic cooperation, with uncertainty aroun...

Oil Prices Plummet Over 1.5% as U.S. Crude Inventories Unexpectedly Surge

Oil futures tumbled after API data showed a 1.51 million barrel increase in U.S. crude inventories, with WTI and Brent prices dropping over 1.5%. Market watchers are now anticipati...

Oil Prices Dip as Iraq Considers Restarting Kirkuk-Baniya Pipeline Through Syria

Oil prices declined after Iraq suggested restarting the Kirkuk-Baniya pipeline through Syria, while OPEC maintained its oil demand growth forecast for 2025. WTI and Brent crude pri...

Oil Prices Dip 1% Amid Easing Supply Concerns Ahead of US-Russia Summit

Oil prices fell 1% as supply concerns eased ahead of a US-Russia summit, with additional pressure from global trade tensions and new tariffs. WTI and Brent crude both experienced d...

Oil Prices Surge 1% Amid Trump's Threat to Impose Tariffs on Russian Energy Exports

Crude oil prices surged over 1% following President Trump's threat to impose tariffs on Russian energy exports. A meeting between Putin and a US envoy could influence the decision,...

Global Oil Prices Dip Over 1% Following OPEC's Production Increase and BP's Major Brazil Discovery

Crude oil prices fell over 1% after OPEC agreed to increase production by 548,000 bpd in September, while BP announced a major oil and gas discovery in Brazil's Santos basin, the l...

Oil Prices Tumble 3% Following Trump's Latest Tariff Announcement: What It Means for Global Markets

Oil futures dropped nearly 3% as investors reacted to President Trump's new tariffs set for August 7, with WTI and Brent crude both experiencing significant declines.

US GDP Growth Sparks 1% Surge in Oil Prices Amid Global Tensions

Crude oil prices rose over 1% following a report of 3% US GDP growth in Q2, sparking demand optimism. Geopolitical tensions and potential US sanctions on Russia also influenced mar...

EU's $750 Billion Energy Deal with US Sparks 1% Surge in Crude Oil Prices

Oil prices climbed over 1% after the EU agreed to a $750 billion energy deal with the US, including purchases of oil, LNG, and nuclear energy, alongside tariff reductions, boosting...

Oil Prices Surge Over 1% Amid Trade Optimism and Falling US Crude Inventories

Crude oil prices rose over 1% following trade deal announcements by President Trump and a report showing a decrease in US crude inventories, with WTI and Brent prices seeing signif...

Oil Prices Dip 1% Amid Growing Demand Concerns and Trade Talk Uncertainties

Oil futures declined by 1% due to demand concerns and uncertainties around EU-US trade negotiations. Iran's upcoming nuclear talks with Europe also contribute to market tensions, w...

Global Oil Prices Surge Over 1% Following EU's Latest Sanctions Against Russia

Crude oil prices rose over 1% after the EU imposed its 18th sanctions package on Russia, described as one of the strongest to date. Ongoing conflicts between Israel and Syria also ...

Oil Prices Dip 1% as US Inventories Report Looms Amid Trade and Supply Concerns

Oil prices fell by 1% as markets await the US Energy Information Administration's inventory report, with concerns over OPEC+ production increases and US trade tariffs adding to ove...

Oil Prices Surge Over 1% Amid New US Tariffs and Anticipation Over Trump's Russia Statement

Crude oil prices surged over 1% following new US tariffs on EU and Mexico goods and anticipation over Trump's statement on Russia. WTI and Brent both saw significant increases.

Oil Prices Surge Over 2% as US-Canada Trade Tensions Escalate

Crude oil prices rebounded by over 2% amid escalating trade tensions between the US and Canada, with potential tariffs on the EU and Russia considering halting gasoline exports. WT...

Oil Prices Drop Over 1% Amid Speculations on OPEC+ Meeting and Iran Tensions Ease

Crude oil prices fell over 1% as markets react to the OPEC+ meeting speculations and easing tensions with Iran. WTI and Brent both saw declines in early trading.

Trump's Sanction Threats Spark 3% Surge in Oil Prices Amid Iran Deal Tensions

Oil prices surged by 3% following President Trump's threats to impose sanctions on Iran, aiming to cut its oil exports to zero unless a deal is made. WTI and Brent crude prices wit...

Oil Prices Surge 1% as US Inflation Drops to Lowest Since February 2021

Oil futures advanced by 1% after the US inflation rate for April showed a decline, the lowest since February 2021. WTI and Brent crude prices saw significant increases.

Global Oil Prices Surge Over 3% Amid Renewed US-China Trade Talks and UK Deal Optimism

Oil prices surged over 3% due to optimism around US-China trade talks and a new US-UK trade deal. WTI and Brent crude both saw significant increases, reflecting market confidence.

Oil Prices Surge Over 1% Amid Optimism Over US-China Trade Negotiations

Crude oil prices surged over 1% following US Treasury Secretary's confirmation of upcoming trade talks with China and the Federal Reserve's decision to keep interest rates unchange...

Oil Prices Slide Over 1% Amid OPEC+ Output Increase and US Crude Inventory Drop

Crude oil prices declined over 1% due to OPEC+ output increase concerns and US trade tariffs affecting demand, despite a significant drop in US crude inventories.

Oil Prices Surge Over 1% Amid Falling US Inventories and Rising Geopolitical Tensions

Crude oil prices surged over 1% following reports of a 4.5 million barrel drop in U.S. inventories and increased demand in Europe and China. Geopolitical tensions, including confli...

Oil Prices Surge Over 1% as US Inventories Drop and Geopolitical Tensions Escalate

Crude oil prices surged over 1% following a reported 4.5 million barrel drop in US inventories and increased demand in Europe and China. Geopolitical tensions, including conflicts ...

Oil Prices Surge Over 1% Amid US Inventory Drop and Rising Geopolitical Tensions

Crude oil prices jumped over 1% after US inventories reported a significant drop, with geopolitical tensions and increased demand in key markets further fueling the rise. WTI and B...

Geopolitical Tensions Fuel Surge: Oil Prices Leap Over 2.5% Amid Middle East Unrest

Crude oil prices experienced a notable increase of over 2.5% on Tuesday, recovering from a recent decline due to OPEC+'s output hike. The rebound is further fueled by heightened Mi...

Oil Prices Surge Over 2.5% as Geopolitical Tensions Escalate in the Middle East

Crude oil prices rose by over 2.5% due to escalating Middle East tensions and Hamas's withdrawal from truce talks with Israel, despite OPEC+'s decision to increase output. WTI and ...

Geopolitical Tensions and OPEC+ Decisions Fuel a 2.5% Surge in Oil Prices

Crude oil prices surged by over 2.5% amidst geopolitical tensions and OPEC+'s output increase decision, with WTI and Brent both seeing significant gains.

Geopolitical Tensions Fuel a 2.5% Surge in Oil Prices Amid OPEC+ Output Decisions

Crude oil prices surged over 2.5% amid geopolitical tensions and OPEC+'s output increase, with WTI and Brent prices showing significant gains. Hamas's withdrawal from truce talks a...

Geopolitical Tensions Fuel a 2.5% Surge in Oil Prices Amid OPEC+ Output Decisions

Crude oil prices surged over 2.5% amid geopolitical tensions and OPEC+ output decisions, with WTI and Brent both seeing significant increases. Hamas's withdrawal from truce talks w...

Geopolitical Tensions Spark a Surge: Oil Prices Leap Over 2.5% Amidst Middle East Unrest

Crude oil prices surged over 2.5% amid geopolitical tensions in the Middle East, with Hamas rejecting truce talks with Israel. WTI and Brent crude both saw significant increases, r...

Oil Prices Surge Over 1.5% Amid Escalating Middle East Tensions Following Israeli Counter-Attack

Oil futures prices increased by over 1.5% following Israel's counter-attack in Yemen, triggered by the Houthi movement's attack on Tel Aviv's Ben-Gurion Airport. WTI and Brent crud...