ICE to launch oil-linked futures with OKX The Intercontinental Exchange (ICE) is set to launch oil-linked futures with OKX. This move allows traders to bet on the price of oil without actually buying it. The launch of these perpetual futures, also known as perps, c
Pakistan proposes hosting Gulf crude storage to secure emergency supply rights amid regional tensions and lack of domestic reserves. Pakistan has invited Persian Gulf oil producers to establish crude reserve buffers at a planned Energy City near one of its ports. The move
Brent and WTI crude prices climb over 2.5% as investors weigh stalled negotiations and supply risks in the Strait of Hormuz. Oil prices surged early Wednesday, with Brent crude rising $3.3 to $105.88 per barrel and WTI climbing $2.53 to $98.88, as traders reacted to uncert
Regional gasoline prices surge due to crude oil prices Gasoline prices have increased nationwide due to rising crude oil prices. The cost of crude oil accounts for about half of the retail gasoline price. Regional dynamics such as local supply and demand conditions ha
LONDON, May 22 Oil prices rose slightly on Friday as investors doubted the prospect of a breakthrough in U.S.-Iran peace talks, but remained on track for a weekly loss. Brent crude futures were up $1.17, or around 1.1%, at $103.75 a barrel by 1334 GMT, while U.S Wes
Copper declines amid broader market caution but weak supply growth from China and key mining regions cushions the fall. Copper prices have retreated roughly 5% from mid-May peaks, driven by heightened risk aversion linked to rising oil prices. The downturn reflects broader
Crude prices to climb due to supply disruptions Crude prices are expected to keep climbing as long as Strait shipping remains restricted. The current dip in oil demand is attributed to supply disruptions and consumer destocking rather than high prices. Bren
New non-expiring oil contracts will trade on OKX in licensed jurisdictions, expanding access to crude benchmarks. Intercontinental Exchange and crypto exchange OKX will launch perpetual futures contracts tied to Brent and WTI crude oil benchmarks. The products, which do no
The collaboration aims to launch crypto-settled perpetual futures tied to Brent and WTI crude benchmarks. Intercontinental Exchange (ICE) is collaborating with cryptocurrency exchange OKX to introduce perpetual oil futures. The new contracts will be underpinned by ICE’s be
Oil prices edge lower as diplomatic progress between the US and Iran eases supply concerns, though skepticism persists over key disputes. West Texas Intermediate crude remains below $98.00, extending a near 4% weekly decline amid cautious optimism over US-Iran peace talks.
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