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Oil Prices Rise on Seasonal Demand, Geopolitical Tensions
Oil prices were rising, with Brent crude up 0.4% at $68.91 a barrel, and WTI up 0.5% at $66.91 a barrel. Market fundamentals for oil remain fundamentally tight on bullish seasonal demand, while new Houthi attacks on cargo vessels transiting the Red Sea are adding a risk premium,
Oil prices rose on Friday, following US President Donald Trump’s announcement of an upcoming statement concerning Russia, ...
The International Energy Agency has said it expects global oil demand to grow at the slowest pace since 2009, outside of the ...
Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the ...
BP has said it expects to report higher oil and gas production for the second quarter, after the energy giant renewed its focus on fossil fuels to help boost profits. Shares rose for the group on ...
US EIA’s short-term energy outlook (STEO) report said that the Brent crude oil price in its forecast averages $69 per ...
Goldman Sachs said it expects a group of eight OPEC+ members to lift oil production quotas by 550,000 barrels per day in ...
WTI Crude Oil edges lower as reports confirm robust supply. Red Sea attacks and rising geopolitical risks could continue to ...
Oil prices edge higher in volatile trading as investors weigh a sharp rise in U.S. crude inventories and global trade risks against attacks on shipping in the Red Sea. Brent crude rises 0.4% to $70.45 ...
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