[ OIL prices rose on Tuesday amid heightened tensions in the Middle East after Israel’s military chief said his country would respond to Iran’s weekend missile and drone attack amid calls for restraint by allies. Brent futures for June delivery rose 46 cents, or 0.5%, to $90.56 a barrel by 0005 GMT. U.S. crude futures … Read more
[ BEIJING: Oil prices rose in early Asian trading after hopes diminished that negotiations between Israel and Hamas would lead to a ceasefire in Gaza and ease tension in the Middle East. Brent crude futures rose 40 cents to $90.78 a barrel by 0032 GMT. U.S. West Texas Intermediate (WTI) crude rose 35 cents to … Read more
[ Gold scaled yet another record peak on Tuesday as traders snapped up the safe haven asset amid growing West Asia tensions, largely ignoring a stronger dollar and tempered bets for US rate cuts. Spot gold was up 0.9% to $2,269 per ounce after hitting an all-time high of $2,277. Global oil benchmark Brent also … Read more
[ NEW YORK: Oil prices fell for the second consecutive session on Wednesday as the dollar strengthened and government data showed a surprise jump in U.S. crude and gasoline stocks. Brent crude futures for May shed 16 cents, or 0.2%, to settle at $86.09 a barrel while the more actively traded June contract was down … Read more
[ SINGAPORE: Oil was little changed on Tuesday, after rising in the previous session, as investors took a more mixed view toward the loss of Russian refinery capacity after recent Ukrainian attacks, though a slightly weaker U.S. dollar offered some support. Brent crude futures for May climbed by 7 cents to $86.82 a barrel, while … Read more
[ SINGAPORE: Oil prices held steady on Thursday, holding onto overnight gains after upbeat Chinese trade data and after U.S. data showed a smaller-than-expected rise in crude inventories and large draws in fuel stocks. However, expectations that U.S. interest rate cuts could be delayed capped gains. Brent crude futures slipped 4 cents to $82.92 a … Read more
[ SINGAPORE: Oil prices on Thursday fell after a larger-than-expected build in U.S. crude stockpiles stoked worries about slow demand, while signs that U.S. interest rates could remain elevated added to pressure. Brent crude futures fell 14 cents, or 0.2%, to $83.54 a barrel by 0420 GMT, after rising 3 cents in the previous session. … Read more
[ A series of attacks on shipping routes in the Red Sea has so far spared oil supplies from witnessing major disruptions, but oil-importing countries are spending sleepless nights amid concerns that any escalation could potentially alter the situation drastically. Although the attacks disrupted container shipping lines, oil shipments remain largely stable. However, concerns stem … Read more
[ SINGAPORE: Oil prices rose slightly on Tuesday on fears Middle East tensions could disrupt supply, but uncertainty about the pace of potential U.S. interest rate cuts and the ensuing impact on fuel demand capped gains. Brent futures edged up 7 cents or 0.1% higher to $82.07 a barrel at 0420 GMT. U.S. West Texas … Read more
[ SINGAPORE: Oil prices rose in early trade on Friday following a decision by OPEC+ to keep its oil output policy unchanged, clawing back some losses from the previous trading session triggered by unsubstantiated ceasefire reports between Israel and Hamas. Brent crude futures rose 50 cents, or 0.6%, to $79.20 a barrel at 0155 GMT, … Read more
