NEW YORK, Feb 19 (Reuters) – Oil prices rose around 2% on Thursday to their highest level in six months, as traders worried about escalating tensions between the United States and Iran, which have stepped up military activity in the oil-producing Middle East. Brent futures rose $1.25, or 1.8%, to $71.60 a barrel by 1:29…
Oil prices extended gains on Thursday, February 19, as signs of conflict between the US and Iran sparked worries of possible supply disruptions. The US and Iran sought to defuse tensions during negotiations over Tehran’s nuclear programme, even as both nations stepped up military activity in the key oil-producing region. Brent crude futures rose 17…
Oil prices slid about 4% on Monday, February 2, after US President Donald Trump said over the weekend that Iran was seriously talking” with Washington. The comments eased fears of an escalation involving the OPEC member, after earlier concerns over a possible military strike had pushed prices to multi-month highs. Brent crude futures fell $2.81,…
Crude oil prices declined on Friday, extending losses from the previous session, as worries over supply disruptions eased with the reduced likelihood of a US strike on Iran. Brent crude slipped 21 cents, or 0.3%, to $63.55 a barrel, while US West Texas Intermediate fell 15 cents, or 0.3%, to $59.04 a barrel. Meanwhile, back…
Crude oil prices edged lower on Wednesday after four straight sessions of gains, pressured by Venezuela restarting exports and a build-up in US crude and fuel inventories. However, concerns over potential Iranian supply disruptions amid deadly civil unrest continued to support prices. On the Multi Commodity Exchange, February crude oil contracts eased by ₹22, or…
