Tag: oil rises
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Oil rises after attacks on ships in Hormuz, Bab el-Mandeb
LONDON, Aug 12 : Oil prices rose on Wednesday after attacks on two ships reinforced worries about disruptions to Middle East supplies, while industry data showing swelling inventories of U.S. crude might keep bulls in check.Brent futures were up 90 cents, or 1 per cent, at $89.81 a barrel by 0757 GMT, set for
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Oil rises as doubts over US-Iran deal heighten supply concerns
BEIJING, Aug 12 : Oil prices rose on Wednesday morning as doubts about a U.S.-Iran peace deal and attacks on two ships fuelled concerns about Middle East supply disruptions, even as industry data showed U.S. crude inventories expanded.Brent futures gained 72 cents, or 0.81 per cent, to $89.63 a barrel by 0053
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Oil rises 2% to more than one-week high as US-Iran peace hopes dim
Aug 11 : Oil prices rose more than 2 per cent on Tuesday to over one-week highs as hopes for a U.S.-Iran deal to end the war and reopen the Strait of Hormuz faded after President Donald Trump demanded compensation from Tehran.Brent crude futures rose $1.92, or 2.19 per cent, to $89.64 a barrel by…
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Oil rises nearly 2% as Iran tempers hopes of Hormuz reopening
LONDON, Aug 10 : Oil prices jumped almost 2 per cent on Monday after Iran insisted that the United States must satisfy several demands before the Strait of Hormuz can reopen. Brent crude futures were up $1.40, or 1.7 per cent, at $84.95 a barrel by 1218 GMT. U.S. West Texas Intermediate crude futures were…
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Oil rises as Iran tempers hopes for swift Hormuz reopening
NEW DELHI/PERTH, Aug 10 : Oil prices rose on Monday as uncertainty persisted over the reopening of the Strait of Hormuz, with Iran saying the United States must meet several conditions even as Tehran and Oman moved into the final stages of agreeing on new shipping lanes.Brent crude futures rose 84 cents, or 1
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Oil rises on uncertainty over reopening of Hormuz
PERTH, Aug 10 : Oil prices rose on Monday on uncertainty over the reopening of the Strait of Hormuz anytime soon, as Iran said a deal with Oman defining new shipping lanes was in its final stages but insisted the U.S. must still meet other conditions. Brent crude futures rose 91 cents or 1.09 per…
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Oil rises as uncertainty continues over reopening of Strait
PERTH, Aug 10 : Oil prices rose on Monday as uncertainty continued over the reopening of the Strait of Hormuz as Iran said a deal with Oman defining new shipping lanes was in its final stages, but the U.S. must still meet other conditions. Brent crude futures rose $1.20, or 1.44 per cent, to $84.79…
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Oil rises on concerns over Strait of Hormuz reopening plans
PERTH, Aug 7 : Oil continued its rise on Friday amid further concerns around the opening of the Strait of Hormuz as Iran, working with Oman, suggested banning vessels deemed hostile from the strait and heavily fining those who violated the proposed rules. Brent crude futures rose 99 cents, or 1.2 per cent, t
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Oil rises on intensifying US-Iran hostilities, threat of Red Sea closure
NEW DELHI, July 17 : Oil prices rose on Friday after the U.S. and Iran stepped up attacks across the Gulf, with their broken truce limiting oil flows out of the Strait of Hormuz and with Tehran asking the Houthi political and military organisation to stand ready to shut the Red Sea export route. Brent…
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Oil rises on intensifying US-Iran hostilities and threat of Red Sea closure
PERTH, July 17 : Oil prices inched higher on Friday after the U.S. and Iran stepped up attacks across the Gulf, with their broken truce limiting oil flows out of the Strait of Hormuz and with Tehran asking the Houthi movement to stand ready to shut the Red Sea export route. Brent crude futures rose…
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