Oil prices gained over two per cent on Thursday, February 8, as investors considered the impact…
Tag: crude oil supply
Oil rises for third straight day on large US fuel draws; Brent at $79/bbl
Brent crude futures rose 45 cents to $79.04 a barrel, while US West Texas Intermediate crude…
Oil trades higher with Gaza ceasefire talks in focus; Brent at $78/bbl
Oil prices maintained upward momentum on Tuesday, February 6, as investors awaited the result of top…
Red Sea attacks, rising freight rates drive shift in oil supply patterns
A slump in tanker traffic through the Suez Canal is spurring the beginnings of a split,…
Oil scores weekly gain as Middle East crisis offsets China demand concerns
Brent futures settled 54 cents lower at $78.56 a barrel. US West Texas Intermediate crude fell…
Oil ticks higher after IEA, OPEC demand forecasts; Brent at $78/bbl
The IEA monthly report said it expects oil demand to grow by 1.24 million barrels per…
Oil drops amid diplomatic moves to contain Israel-Hamas conflict; Brent at $91
Oil prices declined on Monday, October 23, as investors continued to focus on the situation in…
The ‘Crude’ Question: Despite restricted supply, can oil sustain at $100/bbl?
Oil prices have now retreated to $93 per barrel as markets weighed supply concerns stemming from…
‘Crude’ impact on economy: Every $10 rise in Brent widens India’s CAD by 0.5%
The economic impact of global oil supply have important implications for India – a net importer…
Oil sears to 10-month high, set for weekly gain; Brent scores $94/bbl
Oil prices rose to a fresh 10-month high for the fifth straight session and were on…