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US CRUDE OIL
Oil Price Today (October 7): Crude oil rises to $101, up 45% in 3 months. Two reasons behind Wednesday’s surgeBrent futures gained 93 cents, or 0.92%, to $101.51, while US West Texas Intermediate (WTI) crude rose 90 cents, or 1.01%, to $90.30 a barr...- Chinese independent refiners turn to Iraq, Qatar as Iranian crude supplies dwindleChinese independent refiners have turned to buying Iraqi and Qatari crude as Iranian supplies dwindle. The traders report purchases totalin...
- Oil prices rise as storms and air strikes threaten supplyAs a storm approaches key oil-producing areas in the US and tensions heighten in Saudi Arabia, oil prices are on the rise. The impending st...
- US EIA lifts Brent forecast to $98 as Iran war tightens global suppliesThe US Energy Information Administration has revised its oil price forecasts for the coming years due to supply issues. Global benchmark Br...
- Oil Price Today (October 6): Crude oil below $101 as supply concerns ease but Houthi attack keeps traders on edgeBrent crude futures gained 20 cents to $100.54 a barrel, while US West Texas Intermediate crude futures rose 12 cents, or 0.13%, to $89.50 ...
- Oil prices slip as traders weigh strong Mideast exports against Gulf tensionsOil prices slipped as a result of heightened crude exports from the Middle East, alongside a stockpile release by the G7. Brent crude futur...
- US stocks: Nasdaq hits record as megacap gains offset elevated Treasury yieldsOn Monday, the S&P 500 gained ground and the Nasdaq Composite hit a historic high, propelled by heavyweight stocks. The technology sector l...
- Global Market: OPEC+ keeps November oil output steady as Brent tops $100Seven major OPEC+ producers agreed to keep November crude output unchanged as the Iran conflict disrupted supplies and pushed Brent above $...
- $100/barrel crude on screen, $145/barrel in physical market: Kotak Securities sees two pricesCrude oil’s physical market price could reach nearly $145 a barrel even if benchmark prices show $100, as soaring VLCC shipping costs widen...
- Oil slips as Middle East crude exports rise, G7 to release stocksOil prices have seen a decline as increased crude exports from the Middle East and stock releases from G7 nations boost supply levels. Bren...
- Oil Price Today (October 5): Crude oil dips $101 despite simmering Iran war tensions. Here’s whyBrent crude futures fell 70 cents, or 0.69%, to $101.60 a barrel, while US West Texas Intermediate crude was at $90.15 a barrel, down 90 ce...
- First time in decades Iraq set to move its oil beyond the Strait of HormuzIraq's Oil Tankers Company has recently arranged for a Very Large Crude Carrier to transport oil. This shipment of 2 million barrels is sig...
- Why are US energy firms cutting rigs now? Baker Hughes report explainedBaker Hughes (BHI) reported that the US oil and gas rig count decreased by one to 598 for the week ended October 2. It was the first decrea...
- Why are oil prices down today? G7 countries' oil reserve release plan to push crude rates lowerOil prices fell today as G7 countries moved towards releasing up to 100 million barrels of diesel and crude reserves over four months. Bren...
- Oil prices barely changed as investors assess US-Iran peace talks and Gulf exportsOil prices exhibited notable stability during the early trading hours in Asia as traders closely monitored the US-Iran peace discussions fo...
- US crude oil output rose in July, while petroleum demand declined, EIA saysIn July, US crude oil production climbed to 13.95 million barrels per day, up from June’s figures. Despite the production surge, the demand...
- Why are oil prices rising again? US crude and Brent November futures witness spikeOil prices are moving upwards on Wednesday. US crude climbed 2.2% to $91.33 a barrel while Brent November futures jumped 1% at $103.71. The...
- Oil climbs after Trump denies he is willing to ease sanctions on IranOil prices surged following US President Donald Trump's clear stance of not easing sanctions on Iran. Meanwhile, Qatar voiced optimism for ...
- Why are oil prices up today?Oil prices are up today as US President Donald Trump rejected an Iran peace proposal to resolve the Middle East conflict and reopen the Str...
- Oil heads higher as US-Iran peace talks in stalemateOil prices experienced a rebound of more than 1% as geopolitical tensions in the Middle East persisted. Donald Trump rejected Iran's peace ...
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