Prediction market odds place a 46.8% chance of West Texas Intermediate crude reaching $115 per barrel by December 2026. Traders on the Kalshi prediction market are pricing in a surge in West Texas Intermediate (WTI) crude oil to $115 per barrel by the end of 2026. The plat
WTI and Brent crude climb over 5% to multi-month highs as Middle East tensions escalate, absorbing dips without retracement. Crude oil benchmarks extended gains into North American trading, with WTI rising nearly 6% to above $91.00 and Brent advancing 5% toward $95.00. The
Brent crude has broken back above $100 a barrel for the first time in nearly two months as escalating attacks on commercial shipping in the Red Sea deepen concerns that the Middle East supply crisis is spreading beyond the Strait of Hormuz. As of mid-morning Thursday, fron
The second wave of the US-Iran conflict shows no signs of letting up. Attacks by the Houthi militia have threatened to curtail shipping through the Red Sea Russia's refineries are buckling under the weight of bombardment by the Ukrainian military. For global oil mar
WTI crude oil rallies over 5% on supply concerns West Texas Intermediate crude oil prices rose sharply due to escalating tensions in the Middle East. The rising tensions have heightened supply risks, driving prices up. At its highest level since June, WTI t
Oil prices jump over 5% as Houthi attacks and Iran-US tensions heighten risks to key shipping routes. West Texas Intermediate crude climbed to $90.35 per barrel, its highest level since June 11, after rising Middle East tensions stoked supply concerns. The rally follows re
India is on track to export the highest volume of refined petroleum products in months as refining margins have jumped with the re-escalation of the Middle East conflict. India is estimated to ship as many as 1.55 million barrels per day (bpd) of light and middle distillat
ABL Group will oversee critical marine operations for Papua New Guinea’s first offshore floating storage and offloading facility. ABL Group has secured a marine warranty survey (MWS) contract from Oil Search (PNG), a Santos subsidiary, for Papua New Guinea’s inaugural offs
Brent crude oil reached $100/bbl for the first time in two months after Iran-backed Houthi militants claimed attacks on two Saudi tankers in the Red Sea, threatening deeper oil supply disruptions and sparking fears that the U.S.-Iran conflict could escalate
Brent crude surged to $100 per barrel after Houthi attacks on Saudi oil tankers raised supply disruption fears in the Middle East. US energy shares advanced in premarket trading as Brent crude futures briefly reached $100 per barrel, the highest since late May, following H
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