Tag: WTI crude

As of 2:30 p.m. GMT on Wednesday, Brent Crude—the international benchmark—fell by 5.25%, trading at $59.46 per barrel.

Analysts attribute this increase to renewed fears of supply disruptions in the Middle East following the U.S. military intervention.

Market analysts suggest that while factors such as refinery maintenance and geopolitical developments continue...

Oil prices have risen to a new three-year high going above US$85 per barrel on forecasts of a supply deficit over the next few months, as rising gas and coal ...