Tag: oil
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Oil rises to two-week high as US and Iran trade strikes
July 8 : Oil prices gained over 2 per cent on Wednesday, climbing to a two-week high after Iran and the U.S. traded airstrikes and Washington reimposed crude sales sanctions on Tehran, raising fears their fragile truce was unravelling and Middle East supplies could again be disrupted. Brent crude futures ga
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Palm rises on stronger rivals, crude oil
KUALA LUMPUR, July 8 : Malaysian palm oil futures climbed on Wednesday, tracking gains in rival edible oils and as crude oil prices rose on fresh U.S.-Iran tensions.The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 21 ringgit, or 0.46 per cent, to 4,568
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VEGOILS – Palm rebounds on stronger rival oils, crude oil prices
KUALA LUMPUR, July 8 : Malaysian palm oil futures rose on Wednesday, after the previous session’s slight decline, supported by stronger rival edible oils and crude oil prices. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 30 ringgit, or 0.66 per cent,
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Russian fuel shortages bite – but will Putin change tack in Ukraine war?
Even in Moscow, authorities are unable to guarantee fuel supplies, but will economic pressure lead to talks or escalation?
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Oil climbs, bonds slide on Middle East hostilities
Brent crude futures were a long way below the war’s peak prices but rose enough to wobble the bond market by increasing inflation risks.
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Palm rebounds on stronger rival oils, crude oil prices
KUALA LUMPUR, July 8 : Malaysian palm oil futures rose on Wednesday, after the previous session’s slight decline, supported by stronger rival edible oils and crude oil prices. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 30 ringgit, or 0.66 per cent,
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Oil prices climb as US strikes on Iran fuel fears truce is unravelling
TOKYO, July 8 : Oil prices climbed nearly 2 per cent on Wednesday after the U.S. military launched airstrikes against Iran and reimposed crude sales sanctions, raising fears their fragile truce was unravelling and Middle East supplies could be disrupted again. The U.S. airstrikes were in response to Iranian a
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US oil prices jump after US military launches strikes against Iran
TOKYO, July 8 : U.S. oil prices jumped nearly 3 per cent in early trade on Wednesday, extending the previous session’s gains, after the U.S. military launched a series of strikes against Iran, heightening concerns that a fragile truce was faltering.The strikes against Iran were in response to Iranian attacks
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Oil jumps after settlement as US revokes general license for Iran oil sales
NEW YORK, July 7 : Oil prices settled 3 per cent higher on Tuesday and then extended gains post-settlement, after the U.S. revoked the general license that authorized the sale of Iranian crude oil. Reports of attacks on vessels near the Strait of Hormuz also revived fears of disruptions to tanker shipping.Bre
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Oil gains after vessels attacked near Strait of Hormuz
July 7 : Oil prices rose on Tuesday after reports of attacks on vessels near the Strait of Hormuz revived fears of disruptions to shipping through the critical energy transit route.Brent crude futures gained 61 cents, or 0.85 per cent, to $72.60 a barrel, while U.S. West Texas Intermediate crude rose 49 cents
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