Tag: WTI crude

Oil Prices Rise Over $1 as Modest OPEC+ Hike and Russia Sanctions Fears Support Market

Crude oil prices slipped as Brent traded at $65.71 and WTI at $62.20

Oil Prices Slide 1% Ahead of Crucial OPEC+ Meeting as Supply Increases Pressure Market

Crude oil prices stabilized at $68.03 Brent and $65.02 WTI after U.S. sanctions on Iran and ahead of an OPEC+ meeting

Oil prices steadied Wednesday as investors weighed escalating U.S. tariffs on India and ongoing Ukraine war disruptions.

Oil Prices Rise on Russian Supply Fears Amid U.S. Sanctions Threat and Ukraine Strikes

Crude oil prices continued their downward slide at the start of the week.

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...