Tag: oil
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Oil set for weekly rise amid Red Sea shipping attacks, Kazakhstan output cuts
BEIJING, July 24 : Oil headed for weekly gains on Friday, as Houthi attacks on tankers in the Red Sea sparked worries about the closure of a second shipping chokepoint, while Kazakhstan temporarily cut output after its main export route was forced to shut.Brent futures eased 72 cents, or 0.72 per cent, to $99
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US strikes on southern Iran infrastructure widen war
The latest US strikes on tunnels, bridges and other infrastructure further inland from the Strait of Hormuz could indicate that Washington is shifting gears in Iran.
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Oil prices jump as Hormuz, Red Sea crises deepen
Renewed strikes on shipping in the Gulf and the Red Sea have dealt a fresh double blow to global oil markets. As prices climb once again, DW examines what else could keep them elevated.
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Stocks sink on Big Tech cash burn; oil hits $100 for first time since May
July 23 : Oil prices spiked to $100 a barrel for the first time since May, major tech giants knocked U.S. stocks lower, and Europe’s borrowing costs spiked to long-term highs in an unsettling day across markets on Thursday. Brent crude jumped 6 per cent to $100.50 a barrel following attacks on tankers in the
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Oil prices hit $100 for the first time since May
The price of Brent crude rose more than 5% on Thursday as the war in the Middle East continues to escalate.
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EU agrees on new round of sanctions against Russia
The European Union has agreed upon a new sanctions package against Russia for its war in Ukraine, which includes a price cap on Russian oil.
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Oil prices rise to six-week high as US-Iran tensions escalate
Oil prices rose more than 1.5 per cent to their highest in more than six weeks on Thursday (Jul 23), with the United States launching a new round of strikes on Iran and Yemen’s Houthis targeting oil tankers in the Red Sea. Brent crude futures rose US$1.93, or 2 per cent, to US$96 by 12.11am…
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US-Iran tensions underpin dollar as yen nears 40-year low
TOKYO, July 23 : The dollar largely stabilised on Thursday as renewed U.S.-Iran tensions kept investors on edge and underpinned demand for the safe-haven currency, while the yen languished near a 40-year low with little sign of a turnaround.The dollar index, which measures the greenback against a basket of cu
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Trading Day: $100 oil looms
ORLANDO, Florida, July 22 : The Nasdaq fell on Wednesday, dragged down by software stocks ahead of some major tech earnings reports, while deepening conflict in the Middle East pushed oil prices sharply higher again and Brent crude closer to the $100 a barrel mark. In my column today, I look at the yen’s sli
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Tankers make sharp U-turns after Houthi shipping threat
All of the ships were travelling to or from Saudi ports before changing course, ship-tracking data shows.
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