Tag: Oil prices
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Oil prices rise as storms and air strikes threaten supply
PERTH, Oct 7 : Oil prices rose on Wednesday as the market weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen’s Iran-backed Houthis on Saudi Arabia against increased supplies of Middle East crude. Brent futures rose 93 cents, or 0.92 per cent, to $101.51 a barrel
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Oil prices slip as traders weigh strong Mideast exports against Gulf tensions
Oct 6 : Oil prices down on Tuesday as resilient Middle Eastern crude exports and a G7 emergency stockpile release eased supply concerns, though attacks by Yemen’s Houthis on Saudi targets kept traders wary of risks to Gulf supplies.Brent crude futures lost 4 cents to $100.28 a barrel by 0003 GMT, while US Wes
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US jobs data boosts stocks as oil prices dip
NEW YORK: Major US indices spent most of the day solidly in positive territory following the lackluster hiring data for September. Equities were also supported by a pullback in oil prices after
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Oil prices drop as Europe agrees to release diesel reserves
HOUSTON, Oct 2 : Oil prices fell $2 after European leaders agreed on Friday to a request by US President Donald Trump to release diesel from their reserves to lower prices and reduce the need to import fuel from America.Brent was down $1.80, or 1.76 per cent, at $100.50 a barrel at 10:49 a.m. CDT…
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Oil prices barely changed as investors assess US-Iran peace talks and Gulf exports
TOKYO, Oct 1 : Oil prices were nearly flat in early Asia trade on Thursday, following the previous day’s gains and steep monthly rises, as investors assessed the outcome of US-Iran peace talks and the outlook for Middle East crude exports.Brent crude futures rose 12 cents or 0.1 per cent, to $98.15 a barrel b
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Oil prices rise for second session on continued Middle East supply concerns
Sept 29 : Oil prices rose for a second successive session on Tuesday as lingering concern over Middle East supply disruption brought about by the US-Israeli war on Iran outweighed signs of recovering crude exports from the region.Brent crude futures for November rose $1.71, or 1.6 per cent, to $106.99 a barre
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Oil prices rise for second session on continued Middle East supply concern
Sept 29 : Oil prices rose for a second successive session on Tuesday as lingering concern over Middle East supply disruption brought about by US-Iran conflict outweighed signs of recovering crude exports from the region.Brent crude futures had risen 63 cents, or 0.6 per cent, to $105.91 a barrel by 0002 GMT w
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Oil prices fall as markets look to Iran truce, but remain wary of attacks on oil facilities
PERTH, Sept 25 : Oil prices fell slightly on Friday as markets weighed the possibility of a truce between the US and Iran against the bombing of Saudi Arabia by Houthi rebels after a week of price spikes. Brent was down 74 cents, or 0.69 per cent, to $105.85 a barrel at 0032 GMT, while…
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Oil prices settle up about 3% as Houthi attack on Saudi Arabia lifts supply fears
NEW YORK, Sept 24 : Oil prices climbed about 3 per cent on Thursday to a one-week high after a Houthi missile attack on Saudi Arabia revived fears of supply disruptions, but trade was volatile and prices came off session highs after reports the US and Iran discussed reopening the Strait of Hormuz. Brent fut
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Oil prices rise 2% as Houthi missiles add to supply fears
NEW YORK, Sept 24 : Oil prices rose about 2 per cent on Thursday after a Houthi missile attack on Saudi Arabia revived supply disruption fears, but pared earlier gains on reports the US and Iran discussed reopening the Strait of Hormuz. Brent futures rose $2.04, or 2.0 per cent, to $105.12 a barrel at…
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