On Monday, oil prices retreated after sharp price climbs amid hopes of a de-escalation in the Gaza conflict. Brent crude rose by 1% to $90.38 a barrel, while WTI crude experienced a similar 1% decrease to $86.43 a barrel.
read more... 09/04/2024
Oil prices extended gains on Friday , amid worries about supply constraints due to the Middle East conflict. Brent crude rose by 1% to $91.17, while WTI Crude edged 0.4% higher at $86.19.
read more... 08/04/2024
Oil prices surged on Thursday, reaching their highest level since October amid heightened geopolitical tensions in Ukraine and the Middle East, as well as continuously tighter supply. As a result, Brent crude closed at $90.65 a barrel, while WTI crude reached $86.59 a barrel, with both contracts climbing by 1.4% day-on-day.
read more... 05/04/2024
On Wednesday, oil prices continued their rise, supported by escalating geopolitical tensions and by a strong fuel demand in the United States last week. Hence, Brent crude increased by 0.5% to settle at $89.35 a barrel, while WTI crude stood at $85.43 a barrel, up 0.3% day-on-day.
read more... 04/04/2024
Oil prices surged to their highest level in five months on Tuesday amid worries about supply constraints. The surge was fuelled by fears of retaliatory actions from Iran following a fatal strike, attributed to Israel, on an Iranian diplomatic facility in Damascus. Brent crude rose by 2% to $88.92 a barrel, while WTI Crude posted a 2% decrease to $85.15 a barrel.
read more... 03/04/2024