Oil jumps as traders fear disruption in Russia’s energy industry
Oil prices jumped early Monday after the U.S. and Western allies imposed sanctions on specific Russian banks, prompting fears that energy supplies will be indirectly affected
Brent
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Oil soars as sanctions on Russia mount
Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports. Brent crude rose $4.16, or 4.3%, to …
Brent oil price soars to $105
Oil surged above $105 a barrel for the first time since 2014. Brent crude rose 8.64%, to $105.21 a barrel at 13:21 (MSK), and U.S. West Texas Intermediate (WTI) crude jumped 7.68%, to $99.17 a barrel. OPEC+ meets on March 2 to …
Brent oil price nears $100
Brent oil price surged close to $100 on Tuesday. Brent crude, the global benchmark, was up $3.38, or 3.5%, at $98.77 at 10:00 GMT, having earlier reached $99.50, the highest since September 2014. U.S. West Texas Intermediate …
Brent oil price surpasses $97/barrel first time since September 2014
The price of futures contracts of Brent crude oil for April 2022 delivery gained 2.19% on London's ICE on Tuesday, reaching $97.48 per barrel, according to trading data as of 04:35 am Moscow time. As of 04:38 am, the price of Brent …
Oil could vault as high as $150 a barrel, analyst warns
Undersupply meets surging demand
Oil down over rising investor appetite for profit-taking
Oil prices fell on Tuesday as investors booked profits from the highest oil price levels in almost eight years, although concerns over tighter supply due to tensions in Ukraine limited losses. International benchmark Brent crude was …
Oil prices climb more than 1% to 7-year highs
Oil prices on Monday hit their highest in more than seven years. Brent crude futures was at $95.61 a barrel by 0506 GMT, up $1.17, or 1.2%, after earlier hitting a peak of $96.16, the highest since October 2014. U.S. West Texas …
Oil slips from seven-year high
Oil slipped towards $90 a barrel on Tuesday ahead of the resumption of indirect talks between the United States and Iran, which could revive an international nuclear agreement and allow more oil exports from the OPEC producer. Brent …
Oil fluctuates as market focuses on tight supply, U.S.-Iran talks
Oil prices bounced around on Monday in see-saw trading, with some investors taking profits after signs of progress in the U.S.-Iran nuclear talks while others kept bullish sentiment bolstered by rising consumption amid ongoing supply …
Brent oil price exceeds $92
Oil closes in on $100 a barrel as European storage sites hit by cyber attacks Brent Crude oil continued its push to $100 a barrel on Friday despite a string of cyber attacks on European storage sites this week. Oil prices were …
Brent oil exceeds $91 per barrel first since October 2014
Oil prices climbed on Friday, extending sharp gains in the previous session as frigid weather swept across large swathes of the United States, threatening to further disrupt oil supplies. Brent crude rose 34 cents, or 0.4%, to $91.45 a …
Oil falls after Brent crude surges to $90
Oil fell from a seven-year high after the U.S. Federal Reserve signaled that it would soon start raising interest rates to quell inflation, denting investors’ appetite for risk assets including commodities. WTI declined after …
Oil prices slip from 2014 highs, supply concerns limit losses
Oil slipped on Thursday as investors took profits following a month-long rally in prices, but strong demand and short-term supply disruptions continue to support prices close to their highest levels since late 2014. Brent crude futures …
Goldman Sachs sees Brent oil hitting $100/bbl in Q3 2022
Goldman Sachs expects oil prices hitting $100 per barrel in the second half of this year, citing a lower than expected hit to demand from the Omicron coronavirus variant coupled with increased supply disruptions and OPEC+ shortfalls. …
Brent climbs to more than 7-year high
Oil prices rose more than $1 on Tuesday to a more than seven-year high on worries about possible supply disruptions after Yemen's Houthi group attacked the United Arab Emirates, escalating hostilities between the Iran-aligned group and a …
Oil prices climb on supply worries, limited Omicron impact
Oil prices rose on Monday, with Brent futures touching their highest in more than three years, as investors bet supply will remain tight amid restrained output by major producers with global demand unperturbed by the Omicron coronavirus …
Oil struggles to hold gains amid mixed demand view
Oil prices slipped on Thursday, trimming big gains from the previous two sessions, amid uncertainty over near-term demand as cases of the highly contagious Omicron variant of the coronavirus surge around the globe. U.S. West Texas …
Oil prices hold firm amid hopes for economic growth
Oil prices steadied on Wednesday, following steep gains in the previous session after the U.S. Federal Reserve chief signalled the central bank may raise rates more slowly than expected, which should help support oil demand. Brent and …
Oil rises towards $82 as demand recovery seen on track
Oil rose towards $82 a barrel on Tuesday, supported by tight supply and hopes that rising coronavirus cases and the spread of the Omicron variant will not derail a global demand recovery. OPEC supply additions are running below their …
