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Tag: oil prices

Energy

Oil prices climb as US strikes Iran, tightens Hormuz blockade

Oil prices edged higher in volatile trading on Wednesday after the United States launched another round of strikes on Iran and reinstated its naval blockade of Iranian ports near the Strait of Hormuz. U.S. West Texas Intermediate crude for August delivery gained 0.64 per cent to $79.85 per barrel, while September Brent crude futures, the […]

Business

Oil prices jump as US-Iran strikes fuel Strait of Hormuz fears

Oil prices climbed on Sunday night after renewed military exchanges between the United States and Iran heightened concerns over the security of the Strait of Hormuz, a vital shipping lane for global energy supplies. U.S. West Texas Intermediate crude futures gained 4.1 per cent to $74.33 per barrel by 9:15 p.m. ET, while Brent crude, […]

Business

Oil prices slide further as tanker traffic via Hormuz robounds

Oil prices extended their decline on Friday as more oil tankers resumed transits through the strategically important Strait of Hormuz, easing fears of supply disruptions despite an attack on a vessel in the Gulf of Oman. International benchmark Brent crude futures for August fell 3.2 per cent to $72.83 per barrel, extending earlier losses, while […]

Oil and Gas

Oil prices rise as US strikes on Iran raise supply fears

Oil prices werme volatile on Wednesday following U.S. military strikes on Iranian targets, heightening fears that escalating tensions could disrupt shipping through the Strait of Hormuz. U.S. crude futures for July delivery held steady at $88.19 per barrel as of 4:47 a.m. ET, trimming earlier gains of more than 1 per cent. Brent crude for […]

Business

Oil prices rise as Middle East tensions escalate

Oil prices climbed on Monday as tensions escalated in the Middle East, with Iran and Israel exchanging strikes and raising fears that a fragile ceasefire could collapse into a wider conflict. Brent crude futures for July delivery rose 3.18 per cent to $96.05 per barrel, while U.S. West Texas Intermediate futures for August gained 3.46 […]

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Oil prices rise after US-China talks on energy trade

Oil prices climbed on Friday after United States President Donald Trump said China had agreed to buy American oil following discussions with Chinese President Xi Jinping. Brent crude futures for July rose 1.49 per cent to $107.30 per barrel, while U.S. West Texas Intermediate futures for June increased 1.55 per cent to $102.74 per barrel. […]

Oil and Gas

Global oil prices rise as Iran shuts Strait of Hormuz

Crude oil and natural gas futures climbed sharply for a second straight day on Tuesday after Iran declared the Strait of Hormuz closed and warned it would attack any vessel attempting to transit the vital waterway. The move has heightened fears of supply disruptions from a chokepoint that handles about one‑fifth of the world’s oil […]

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