Crude oil futures rose to fresh six-week highs on Wednesday, with Brent crude topping $95/bbl, after the U.S. military carried out an 11th consecutive night of attacks on Iran and U.S. Secretary of State Rubio said Iran was not serious about reaching a deal to
EIA data shows larger-than-expected crude build while gasoline and distillate inventories also rise beyond estimates. US crude oil inventories increased by 2.01 million barrels last week, exceeding the 1.052 million drawdown forecast. The build contrasts with market expect
WTI Price Forecast: Middle East tensions lift Oil as bulls test the 100-day SMA WTI extends its rebound on Wednesday as rising tensions in the Middle East disrupt Oil flows through the Strait of Hormuz and the Red Sea. At the time of writing, WTI trades around $86.20 after
WTI extends its rebound on Wednesday as rising tensions in the Middle East disrupt Oil flows through the Strait of Hormuz and the Red Sea. At the time of writing, WTI trades around $86.20 after reaching an intraday high of $87.83, its highest level since June 11 The
Pakistan’s refiners are inquiring traders about potential crude oil supply from the U.S., Nigeria, Singapore, and central Asia, amid the escalating crisis in the Middle East that threatens supply from both the Strait of Hormuz and the Red Sea. Following a meeting with the
Houthi threats to block the Bab el-Mandeb Strait drive oil prices higher amid Middle East supply disruption fears. Brent Crude climbed 3.75% to $94.42 per barrel after reports that Iran-aligned Houthis may attempt to close the Bab el-Mandeb Strait, a critical Red Sea choke
Four crude tankers alter courses amid warnings from the EU naval force, raising risks for Saudi oil exports via the Red Sea. Four oil tankers have diverted from the Red Sea after reports of heightened threats from Houthi forces, according to ship-tracking data. Two of the
Energy data and intelligence provider TGS has signed an agreement with Ghana's Petroleum Commission to deliver a new offshore 2D-cubed seismic project in the Keta Basin off the Ghanaian coast. The project aims to produce a unified subsurface dataset for one of Africa's sig
Brent Stuart to become CEO of FirstCash FirstCash has announced a change in leadership, with Brent Stuart set to become the new CEO. The transition is scheduled to take effect on January 1, 2027. Current CEO Rick Wessel will take on the role of executive ch
Escalating tensions in key oil transit routes push Brent crude futures to a near six-week high above $95 a barrel. Brent crude futures surged 4.2% to $94.83 a barrel, reaching a session high of $95.24, as geopolitical risks intensified in the Middle East. U.S. West Texas I
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