Tag
WTI
Oil prices plunged by nearly $5 per barrel on Monday after Israel’s weekend retaliatory strike against Iran avoided targeting oil and nuclear facilities, leaving energy supplies unaffected.
Brent crude oil futures increased by 40 basis points to $85.66 a barrel.
Although both benchmarks have posted negative Q3 performance, we could be on the precipice of another bull run as oil bulls are now looking toward the next week’s meeting of the Organization of Petroleum Exporting Countries and its allies
All eyes are now on the U.S. crude supply, as market participants are awaiting industry data due today.
Oil prices are bullish in the London trading session today, for a second day with the global benchmark, the Brent oil futures pushing over $100 per barrel.
Prices of the two major benchmarks are down on Friday but are still on track for weekly gains, supported by the prospect of a tight market...
The world is facing an oil supply crunch, with most companies afraid to invest in the sector as they face green energy pressures...
The black liquid is bullish towards the start of the London trading session on Thursday, with both major benchmarks up by over 1%...
Oil prices rebounded at the start of the London trading session on Wednesday from sharp losses in the previous session.
Oil prices are bullish during the Asian session on Tuesday as the two major oil benchmarks are up...
The market remains on edge over the prospect of further sanctions on Russia, the world's second-largest crude exporter.
The bears have taken over the oil market as prices are down over 5% in the Asian session on Tuesday.