Tag: global oil prices
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Oil prices settle up more than US$4 a barrel on renewed US-Iran fighting
Oil settles at a five-week high as US-Iran fighting fuels fears of fresh Middle East supply disruptions through the Strait of Hormuz.
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Oil extends gains, stocks drop as Trump issues fresh Iran warning
HONG KONG: Oil prices extended gains on Tuesday (Sep 1) amid fears of a fresh bout of military exchanges between the United States and Iran following a flare-up at the weekend and Donald Trump’s warning that he will hit the country “hard”.The latest bout of strikes between the foes has further stoked worries
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Oil falls as Trump pledges economic war on Iran
Both main crude contracts were down 2.3 per cent, with the Brent benchmark sitting at US$92 a barrel.
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Commentary: Peak oil demand has arrived
The largest oil-supply disruption in modern history has accelerated the arrival of peak oil demand, says NYU professor Carolyn Kissane.
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US tech shares resume sell-off while oil prices retreat
Global stocks mostly fell Tuesday (Jun 9) as US tech shares faced another round of selling followed recent outsized gains and markets weighed the latest uptick in US-Iran tensions.Oil prices retreated, with
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OPEC+ approves fourth oil output quota hike since Hormuz closure
On Sunday, the seven members decided to increase targets by 188,000 bpd from July, OPEC said in a statement.
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Oil rises, stocks slip on fragile Mideast peace hopes
NEW YORK: Oil prices rose on Wednesday (Jun 3), edging closer to US$100 a barrel while stocks fell as further attacks between the United States and Iran dented hopes of an imminent peace deal.Wall Street indexes tumbled and European stocks were mostly in the red, following a mixed showing
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