A single tanker transit through the key chokepoint lifts crude prices above $100 as geopolitical risks escalate. Oil tanker traffic through the Strait of Hormuz fell to its lowest level since early May, with just one vessel crossing Thursday amid heightened war risks. The
A Greek-owned crude tanker carrying Saudi oil sailed through the Bab el-Mandeb Strait undetected as Houthi rebels escalate attacks on vessels. A Greek-owned oil tanker, the Merbabu, transited the Bab el-Mandeb Strait with its transponder off this week after Houthi rebels d
Brent crude at $100 offsets RBI’s $20bn capital inflow measures, pressuring the rupee near record highs. The Indian rupee remained under pressure as Brent crude prices surged to $100 per barrel, countering recent policy efforts to attract $20bn in capital inflows. The Rese
September WTI futures hit $92.31 after Strait of Hormuz and Red Sea export routes face simultaneous disruptions. September WTI crude futures settled at $92.31 Thursday, marking a $10.54 or 12.9% weekly gain. The contract rebounded from a low of $79.58 as traders priced in
Oil prices drop 3% to under $90 Oil prices are declining after four days of increases, with WTI crude lower by 3% today to drop back under $90. The decline in oil prices is also affecting other asset classes, with bond yields coming off the highs. The 10-ye
September CL futures hover near $90.10-$90.30 support after retreating from $93.50, with sellers in control below $91.85. September CL crude oil futures traded near $90.30-$90.55, testing critical support at $90.10-$90.30 after a sharp reversal from $93.50. Sellers maintai
Escalating US-Iran conflict and Houthi attacks push Brent crude to its highest level since May, lifting Fed rate expectations. Brent crude surged above $100 a barrel for the first time since May, driven by escalating US-Iran tensions and Houthi attacks on Red Sea shipping.
Global LNG suppliers including the U.S. and Australia seek contracts as Cambodia prepares its first LNG-fueled power station. Major liquefied natural gas exporters are targeting Cambodia as a new market for fuel supply, following the country’s development of its first LNG-
WTI falls near $90.00 on profit booking West Texas Intermediate (WTI) is trading around $90.05. The US crude oil benchmark tumbles as traders book some profits. Escalating conflicts in the Middle East reignite fears over global energy supplies, potentially
Brent crude surges over $10 from Monday’s levels amid blockades in key shipping lanes and pipeline suspensions. Brent crude climbed to $100.30 a barrel, while West Texas Intermediate reached $91.70, both posting gains exceeding $10 since Monday. The rally follows near-tota
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