Tag: oil
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Oil heads for weekly gains as Middle East supply risks persist
LONDON, July 10 : Oil prices rose on Friday and were on track for weekly gains as renewed U.S.-Iran fighting disrupted shipping in the Strait of Hormuz, stoking concerns over supply disruptions.Brent futures were up 60 cents, or 0.8 per cent, at $76.90 a barrel by 1131 GMT. U.S. West Texas Intermediate (WTI)
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Ukrainian drone strikes ignite fires at Russian oil sites
An overnight assault reached key oil facilities in southern Russia, adding pressure to a fuel network already strained by repeated Ukrainian strikes.
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Oil heads for weekly gain as Middle East supply risks persist
NEW DELHI, July 10 : Oil prices rose on Friday and were set for weekly gains because of renewed fears of supply disruptions from the key Middle East producing region after renewed fighting between the U.S. and Iran this week curtailed shipping in the Strait of Hormuz.Brent futures were up 19 cents, or
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Is the Strait of Hormuz still Iran’s trump card?
Iran’s latest attacks show it can easily disrupt shipping, energy markets and draw in Gulf neighbors. DW asks how much leverage Tehran really has over Washington and if its high-risk strategy could backfire.
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Ukraine strikes Russian ships near Crimea, escalating attacks on fuel supplies
The attacks appear to be the latest phase of Ukraine’s bid to choke off supplies and routes into and out of occupied Crimea.
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Dollar drifts with oil; Gulf tensions, Fed minutes in focus
LONDON, July 9 : The dollar backed off this week’s highs on Thursday as the U.S. and Iran carried out renewed attacks, despite a spike in oil prices that rekindled concerns about inflation and boosted expectations the Federal Reserve could soon raise interest rates.Minutes on Wednesday from the Fed’s latest m
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Dollar follows oil lower; Gulf tensions, Fed minutes in focus
HONG KONG/LONDON, July 9 : The dollar eased slightly from this week’s highs on Thursday as the U.S. and Iran carried out renewed attacks, despite a spike in oil prices that rekindled concerns about inflation and boosted expectations the Federal Reserve could soon raise interest ratesMinutes on Wednesday from
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Oil prices fall as markets weigh impact of US strikes on Iran
(Refiles to fix typo in headline to “fall” from “fell”)By Anushree MukherjeeJuly 9 : Oil prices fell on Thursday as markets assessed the impact of fresh U.S. strikes on Iran, which could hinder progress on talks to end their war and allow for the full reopening of the key Strait of Hormuz.Brent
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Oil prices little changed as markets weigh impact of US strikes on Iran
July 9 : Oil prices were little changed on Thursday as markets assessed the impact of fresh U.S. strikes on Iran, which could hinder progress on talks to end their war and allow for the full reopening of the key Strait of Hormuz.Brent crude futures rose 6 cents, or 0.1 per cent, to $78.08 a…
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Dollar stands tall as new Gulf attacks fuel oil price surge, Fed hike bets
HONG KONG, July 9 : The U.S. dollar held firm against most major currencies on Thursday as renewed attacks by the U.S. and Iran revived safe-haven bids while surging oil prices boosted rate hike bets, keeping the Japanese yen under pressure.The dollar fetched 162.425 yen, hovering near the strongest level in
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