Crude oil recorded gains exceeding 8% at the start of the week's trading in the European session on Monday, April 13, after rising more than 10% at the opening of Asian markets. This surge followed threats from US President Donald Trump to impose a blockade on the Strait of Hormuz and escalate pressure on Iran. US crude (WTI) rose by...
Crude oil prices plunged by more than 13% in midday trading on Monday, March 23, the opening session of the week, following a tweet by US President Donald Trump. The losses were later pared back, with prices rising by approximately 5%. US crude (WTI) is trading at $89.14 per barrel, down 9.2%, while Brent crude is trading at $101.01 per...
Crude oil prices surged more than 13% at the start of the week's trading in the European session on Monday, March 9th, after rising more than 30% at the opening of Asian markets. This surge is on track for the largest single-day gain since futures trading began in 1988, fueled by the ongoing conflict in the Middle East, production cuts...
Crude oil prices recorded gains exceeding 7% at the start of the week's trading in the European session on Monday, March 2nd, after rising by more than 12% at the opening of Asian markets. This surge was fueled by escalating geopolitical tensions in the Middle East and the war that erupted over the weekend following an Israeli and US attack...
Crude oil prices declined in midday trading during the European session on Thursday, February 12, after the International Energy Agency (IEA) released a report today showing a downward revision in global demand forecasts. This comes as the US-Iran talks continue to be assessed. US crude (WTI) fell by approximately 0.28%, trading at $64.45 per barrel, while Brent crude traded at...
Crude oil prices declined by more than 4% at the start of the European session on Monday, February 2nd, the opening session of the week, as geopolitical concerns eased and tensions, which had been high last week, subsided. This followed OPEC+'s confirmation of its decision to suspend production increases in March. Brent crude fell by approximately 4.26%, trading at $66.37...
Oil prices declined after three consecutive sessions of gains in midday trading on Thursday, January 22nd, as geopolitical tensions eased and the US president backed down from his threat to impose new tariffs on EU countries over Greenland. Prices are also awaiting official inventory figures. US crude (WTI) fell by about 0.45% to trade at $60.35 per barrel, while Brent...
Crude oil prices fell by more than 4% in midday trading on Thursday, January 15, ending a five-session winning streak. This decline followed comments from US President Donald Trump, who eased market concerns about Iranian oil supplies, and the largest increase in US crude oil inventories since November. US crude (WTI) fell by approximately 4.21%, trading at $59.42 per barrel,...
Crude oil prices rose by more than 1.5% in midday European trading on Tuesday, January 13, marking their fourth consecutive session of gains and reaching their highest levels since November. This surge was fueled by escalating geopolitical tensions and supply disruptions, while markets awaited preliminary inventory figures from the American Petroleum Institute later in the day. US crude (WTI) climbed...
Crude oil prices remained stable in midday trading on Monday, January 5th, the opening session of the week, as investors assessed the impact of geopolitical tensions stemming from the arrest of the Venezuelan president on oil supplies. OPEC+ reaffirmed its decision to suspend production increases in the first quarter of next year at its meeting held over the weekend on...