Oil rises on Iran, Russia and Canada supply concerns
- 03-Jun-2025
Oil prices rose in early Asia trade on Tuesday on concerns about supply, with Iran set to reject a US nuclear deal proposal that would be key to easing sanctions on the major oil producer, and with production in Canada hit by wildfires. Brent crude futures gained 55 cents, or 0.85%, to $65.18 a barrel […]
Oil rises from two-month highs on optimism over policy support for growth
- 03-Jan-2025
Oil prices extended their gains on Friday after closing at their highest in more than two months in the previous session on hopes governments across the world may increase policy support to revive economic growth that would lift fuel demand. Brent crude futures rose 16 cents, or 0.2%, to $76.09 a barrel by 0132 GMT […]
Oil rises but post weekly loss as economic uncertainty weighs
- 22-Apr-2023
HOUSTON: Oil prices edged higher on Friday on strong economic data in the euro zone and Britain, but futures fell for the week as interest rate and demand uncertainty weighed. Brent futures settled up 56 cents at $81.66 per barrel. U.S. West Texas Intermediate crude (WTI) rose 50 cents to $77.87 per barrel. Brent posted […]
Oil rises, poised to end week higher despite economy concerns
- 16-Dec-2022
Oil prices rose in early Asian trade on Friday after falling 2% in the previous session on central bank interest rates hikes, and is poised to end the week higher after a series of positive oil demand forecasts. Brent crude futures rose 36 cents or 0.4% to $81.57 per barrel by 0109 GMT. West Texas […]
Oil rises on supply concerns
- 22-Sep-2022
Oil rose on Thursday on supply concerns and as a Bank of England interest rate hike defied some expectations of a larger increase. Brent crude futures were up 71 cents, or 0.79%, at$90.54 per barrel by 1408 GMT, after rising by more than $2 earlier in the session. U.S. West Texas Intermediate (WTI) crude was […]
Oil rises after sell-off as supply concerns return
- 06-Jul-2022
Oil prices rose Wednesday after suffering a painful drop the previous day, though the euro remained wedged at a 20-year low and equities mostly fell in Asia as recession fears continue to flow through trading floors. Both main crude contracts were pummelled Tuesday as investors grow increasingly worried that leading economies will contract this year […]