Tag: oil rises
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Oil rises as US orders diplomats to leave Saudi Arabia amid escalating tensions
Oct 22 : Oil prices rose on Thursday as more attacks by the Houthis in Saudi Arabia prompted the United States to order some diplomats and family members to leave its missions in the Kingdom.Brent crude futures rose $1.29, or 1.2 per cent, to $110.11 a barrel at 00:34 GMT, while US West Texas Intermediate…
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Oil rises on Middle East supply fears, US inventory drawdowns
BEIJING, Oct 21 : Oil prices gained over $1 on Wednesday as escalating Middle East tensions fuelled fears of supply disruptions, while falling US crude and product inventories lent support to the market.Brent crude futures rose $1.59, or 1.5 per cent, to $110.38 per barrel as of 0350 GMT. US West Texas Interm
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Oil rises on Middle East supply worries
BEIJING, Oct 21 : Oil prices edged higher on Wednesday on Middle East supply concerns, with traders wary of Red Sea shipping risks and threats to oil infrastructure in Saudi Arabia.Brent crude futures rose 85 cents, or 0.78 per cent, to $109.64 per barrel as of 0022 GMT. US West Texas Intermediate (WTI) crude
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Shares stumble, oil rises as investors await AI sector earnings
TOKYO, Oct 20 : Asian stocks retreated broadly on Tuesday while oil prices rose as geopolitical risks rattled sentiment ahead of key results from AI bellwether companies. The euro recouped some losses from the previous session that were spurred by escalating riots in France. Crude prices resumed their climb
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Asian shares tumble, oil rises as markets await AI sector results
TOKYO, Oct 20 : Asian stocks retreated broadly on Tuesday while oil rose as geopolitical risks rattled sentiment ahead of key results from AI bellwether companies. The dollar held firm against the euro as riots in France fuelled demand for safe-haven assets. Crude prices resumed their climb as markets weighe
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Oil rises as Middle East supply concerns persist amid shipping attacks
Oct 8 : Oil prices rose on Thursday on persistent worries about supply from the key Middle East producing region amid an increase in attacks on shipping in the Gulf and the Strait of Hormuz. Brent crude futures rose $1.33, or 1.33 per cent, at $101.53 a barrel by 0116 GMT. US West Texas Intermediate…
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Oil rises as investors weigh supply threats
LONDON, Oct 7 : Oil prices rose on Wednesday, with Brent futures holding above $100 a barrel, on continued Middle East supply risks and a storm heading for oil-producing regions in the United States. Brent crude futures were up 75 cents, or 0.75 per cent, to $101.33 a barrel at 1200 GMT. US West Texas…
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Stocks drop and oil rises as Hormuz hopes fade
HONG KONG: Asian stocks mostly fell and oil prices extended gains as hopes for a reopening of the Strait of Hormuz fade amid expectations that the Federal Reserve will hike interest rates again next month.Hopes for an easing of Middle East tensions were dashed at the weekend when Donald Trump rejected Iran’s
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Shares skid in Asia as oil rises, rate hikes loom
SYDNEY: Share markets slid in Asia on Monday (Sep 14) as supply concerns caused oil prices to spike anew, while investors braced for possible interest rate hikes in both the United States and
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Oil rises as risks of prolonged Mideast conflict heighten supply worries
Sept 8 : Oil prices extended gains on Tuesday as risks of a prolonged conflict in the Middle East grew after Iran threatened to retaliate against any new U.S. attacks on its assets, heightening worries over supply disruption.Brent crude futures climbed 34 cents, or 0.35 per cent, to $97.34 a barrel by 0000 GM
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