Oil Prices
-
Oil prices tumble on hopes for Iran nuclear deal
May 16, 2025Oil prices sank Thursday on hopes for an Iran nuclear breakthrough after Donald Trump said a deal was “getting close” and US media reported Tehran had indicated it could be open to curbs on its atomic... -
Oil prices extended losses on Tuesday
Oct 16, 2024Oil prices extended losses Tuesday after a report said Israeli Prime Minister Benjamin Netanyahu had told US President Joe Biden he would not strike Iran’s crude or nuclear facilities in retaliation for a missile attack earlier... -
Oil prices have risen by more than $5 per barrel
Apr 4, 2023OPEC+ Surprise Announcement of Further Production Cuts Boosts Oil Prices Oil prices surged by around $5 per barrel in Monday’s opening trading, following a surprise announcement by OPEC+ that they would reduce production further in support... -
Oil prices fall amid recession fears
Mar 10, 2023As traders concentrated on the risks of a recession, oil prices fell on Thursday, continuing a three-day losing run. On the New York Mercantile Exchange, the West Texas Intermediate for April delivery fell 94 cents, or... -
Oil prices break $100 on Russian ‘military operation’ in Ukraine
Feb 24, 2022On Thursday, oil prices surpassed $100 for the first time in more than seven years after Russian President Vladimir Putin announced a “military action” in Ukraine, seemingly in response to worries that he would invade. Following... -
Saudi Arabia raises oil prices for Asia and US
Dec 5, 2021Saudi Arabia hiked oil prices for Asian and US clients, indicating that demand remains high despite the emergence of the coronavirus’s omicron strain. Bloomberg says that the move comes days after OPEC and its allies –... -
Oil prices hit a five-month low following fresh virus-induced lockdowns
Nov 2, 2020Oil prices hit a five-month low on Monday following fresh virus-induced lockdowns. More economies have tightened social restrictions including the UK, France and Germany as they battle rising infection rates. The fear is that the new... -
Oil prices rose in Asian trade on Friday
May 8, 2020Oil prices rose in Asian trade today and were set to finish the week with strong gains on signs demand is returning as some governments mitigate hard lockdown due to the coronavirus. US benchmark West Texas... -
Oil prices fell sharply on Monday
Apr 6, 2020Oil prices fell sharply on Monday after a meeting to discuss output cuts between OPEC and its allies was delayed, dimming hopes of swift action to support coronavirus-ravaged energy markets. US benchmark West Texas Intermediate plunged... -
As oil prices head North of $80 per barrel, is OPEC relevant once again?
May 25, 2018For a number of years and at least from 2014 when oil prices began to slide from $115 per barrel to below $30 in early 2016, many experts and business journals began to question the relevance...
