Brent crude jumps 9.6% to $83.30 amid Hormuz risks
Oil prices surged nearly 10% on Monday as renewed U.S.-Iran conflict focused attention on the Strait of Hormuz. Brent crude futures for September delivery gained...
Tag : crude oil
Gold falls below $4,000 after oil prices jump
Gold dropped about 3% on Monday, July 13, falling below $4,000 an ounce as oil prices surged and expectations for higher U.S. interest rates strengthened....
Brent crude rises to $74.16 as oil prices climb
Oil prices settled higher Tuesday, with Brent crude futures rising 3.01% to $74.16 a barrel. U.S. West Texas Intermediate crude gained 2.76% to $70.44 a...
OPEC+ reaffirms production plan based on healthy market trends
The eight OPEC+ countries that had previously undertaken voluntary production adjustments have reaffirmed their coordinated efforts to support global oil market stability in response to...
Beijing strikes back as U.S. imposes 10% tariffs on Chinese imports
China has announced retaliatory economic measures against the United States following the implementation of 10% tariffs on Chinese imports by the administration of U.S. President...
Oil prices fall 1 percent amid weak economic data from US and Germany
Oil prices fell by approximately 1% on Monday during volatile trading, following weak economic data from the United States and Germany. The decline ended a...
Oil prices rise to highest levels since October on tightening US stockpiles
Oil prices surged in the first trading session of 2025, marking the highest levels since October, as U.S. crude stockpiles registered another decline and technical...
Brent crude inches higher amid falling U.S. crude inventories
Oil prices edged higher on Wednesday, buoyed by a drop in U.S. crude inventories and an anticipated interest rate cut by the U.S. Federal Reserve....
Oil prices rise as U.S. crude stocks drop, but gains stay limited
Oil prices edged higher on Wednesday, buoyed by a drop in U.S. crude inventories and an anticipated interest rate cut by the U.S. Federal Reserve....
Saudi Arabia’s non-oil activity rises 4.9%, driven by finance and insurance
MENA Newswire News Desk: Saudi Arabia’s non-oil activities surged by 4.9% year-on-year in the second quarter of 2024, propelled by robust growth in the financial and...