Oil rises for fifth day on supply concerns
- 25-Mar-2025
TOKYO/SINGAPORE: Oil prices rose on Tuesday for a fifth day on concerns global supply will tighten after the U.S. announced tariffs on countries that buy Venezuelan crude. Brent crude futures were up 27 cents to $73.27 a barrel by 0749 GMT. U.S. West Texas Intermediate crude climbed 26 cents to $69.37. Both benchmarks gained more […]
Oil prices slip as Russia sanctions stay in focus
- 14-Jan-2025
Oil prices slipped on Tuesday from the previous day’s four-month highs but the market remained supported by continuing focus on the impact of new U.S. sanctions on Russian oil exports to key buyers India and China. Brent futures were down 58 cents, or 0.72%, to $80.43 a barrel by 1421 GMT, while U.S. West Texas […]
Oil jumps on expected hit to China and India’s Russian supplies
- 13-Jan-2025
LONDON: Oil extended gains for a third session on Monday, with Brent crude rising above $80 a barrel to its highest in more than four months, driven by wider US sanctions on Russian oil and the expected effects on exports to top buyers India and China. Brent crude futures were up 71 cents, or 0.9%, […]
Oil heads for weekly gains on colder weather
- 03-Jan-2025
Oil prices ticked up on Friday and were set for weekly gains after closing the previous session at their highest in more than two months, underpinned by colder European and U.S. weather and additional economic stimulus flagged by China. Brent crude futures were up 45 cents, or 0.6%, at $76.39 a barrel by 11:28 a.m. […]
Oil prices rebound 1% after dollar-related sharp declines
- 14-Nov-2024
Oil prices rose about 1% on Thursday, paring some of the sharp declines seen earlier this week due to a stronger US dollar and worries about rising supply amid slow demand growth. Brent crude futures were up 70 cents to $72.98 a barrel at 1401 GMT. U.S. West Texas Intermediate crude futures were up 68 […]