The pullback in crude prices witnessed on Monday found support on Tuesday as escalating tensions in the Middle East revived fears of an oil supply disruption, while Russia is pressuring OPEC+ to
The US and China reached an interim deal on tariffs, drastically reducing their reciprocal rates, the US also agreed on a deal with the UK, while potential ceasefire talks on the Ukraine-Russia
West Texas Intermediate (WTI) crude oil continues its decline for a third consecutive session, trading near $59.50 a barrel in Asia on Wednesday. The benchmark crude $59.37 per barrel early in the
By Giovanni Staunovo, Strategist, UBS Switzerland AG Oil prices have given up all of this year’s gains, with prices now trading at the lowest level since December amid US tariff news and
By Charles Ellinas Despite their foresight, contingency plans, position papers and gaming out a second Trump term, EU leaders find themselves exactly where they were four years ago: unprepared and knocked out.
The OPEC+ group of oil producing countries has agreed to delay an output hike by three months to April 2025, for the third time. After that, the monthly hikes will be spread
The benchmark US crude West Texas Intermediate remains under some selling pressure for the second day and reversed a major part of weekly gains, trading below mid-$68.00s, down 0.30% for the day,
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.25 on Monday, edging lower as the stronger US dollar broadly drags the USD-denominated commodity price lower. President-elect Donald Trump’s
By Charles Ellinas The benchmark Brent crude oil price climbed to around $74/barrel this week following Russia’s warning it could use nuclear weapons in the war with Ukraine. However, rising non-OPEC supply
By Charles Ellinas Crude oil prices receded to $75/barrel following speculation Israel will focus on hitting military and intelligence targets rather than Iran’s oil export terminals and refineries. Prices are going down
