Geopolitical tensions in the Middle East and positive technical indicators support WTI’s near-term upward momentum above $83.00. West Texas Intermediate crude oil extends gains for a third session, trading just below $83.00 in Asian hours after hitting a nearly two-week hi
Oil prices rise for a third day as traders assess conflicting reports over a possible US-Iran nuclear agreement. West Texas Intermediate crude climbed above $82.50, reaching $82.70 per barrel in Asian trading on Wednesday. The gain marks a third consecutive session of adva
Oil prices rise as investors assess conflicting signals over a potential US-Iran agreement amid escalating tensions. West Texas Intermediate crude climbed to $82.70 per barrel in Asian trading, extending gains for a third session. Prices advanced as markets weighed mixed s
Brent and WTI settled near $89 and $83 respectively after Iran confirmed the strait remains closed despite diplomatic talks. Oil prices ended Tuesday higher after a volatile session driven by conflicting geopolitical signals. Brent crude settled around $89 and WTI near $83
API data shows a surprise build in crude inventories, exceeding expectations for a modest draw by 8.572 million barrels. US crude oil inventories rose by 9.072 million barrels for the week ending August 7, sharply contrasting analyst forecasts of a 500,000-barrel decline.
WTI and Brent hover near $82 and $88 respectively, up 30 percent year-on-year, as traders weigh de-escalation signals against renewed threats. Crude oil prices remain rangebound as traders balance mediator optimism over the Strait of Hormuz with ongoing shipping attacks in
Fading US-Iran talks and refinery attacks push Brent to USD 90 while gas oil jumps nearly 10% to USD 1,350 per ton. Brent crude approached USD 90 per barrel, a three-month high, as hopes for a US-Iran deal to reopen the Strait of Hormuz dimmed. Drone attacks on refineries
Geopolitical risks and technical support keep WTI near $82.13 despite diplomatic talks over the Strait of Hormuz. West Texas Intermediate crude oil trades at $82.13, up over 7% this week, as Middle East tensions sustain a risk premium. Prices briefly dipped after reports o
U.S. agency raises WTI and Brent price projections for 2026 and 2027 amid regional disruptions and shipping threats. The Energy Information Administration increased its 2026 WTI crude price forecast to $80.88 per barrel from $76.26, and Brent to $86.81 from $81.91. For 202
Weekly shipments fell to 3.25 million barrels per day amid refinery demand recovery and port disruptions. Russia’s seaborne crude exports declined to their lowest level since May, averaging 3.25 million barrels per day in the week ending August 9. The drop followed a recov
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