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Tag: Crude oil news

US-Iran War: Silver rate today on MCX rises as war in Middle East drives demand for safe-haven assets

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US-Iran War: Silver prices moved sharply on Monday as geopolitical tensions escalated after the United States and Israel carried out extensive military strikes on Iran, reportedly killing Supreme Leader Ayatollah Ali Khamenei. The development triggered fresh uncertainty across global financial markets and drove volatility in commodities. The conflict intensified over the weekend after coordinated strikes…

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Oil prices slip amid expectations of increased Venezuelan production, likely to remain volatile, say experts

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Oil prices declined on Tuesday as markets assessed the possibility of increased Venezuelan crude production after the US captured the Latin American country’s president, Nicolás Maduro, reinforcing expectations of abundant global supply this year amid a subdued demand environment. Brent crude futures slipped 0.2% to $61.62 per barrel by 0103 GMT, while US West Texas…

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Crude oil prices slip amid US-Venezuela conflict: What’s the outlook for ‘black gold’ and reasons behind fall? explained

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In a stunning turn of events, the US attacked Venezuela over the weekend, captured its leader, Nicolas Maduro, and imposed a naval blockade. The chaos in the Latin American nation, once an oil-producing powerhouse, is being keenly eyed, as this event adds a “geopolitical risk premium” on energy markets. In the initial reaction, Brent crude…

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