US-Iran war: Oil prices jumped more than 3% on Thursday, extending their rally as the escalating US–Israeli conflict with Iran disrupted crude flows to key importers. Brent crude climbed $2.65, or 3.26%, to $83.99 per barrel, marking its fifth consecutive session of gains. Meanwhile, US West Texas Intermediate (WTI) crude rose $2.76, or 3.70%, to…
Oil prices declined by around 1% on Monday, after hitting a six-month high last week, amid signs that the US-Iran tensions are unlikely to worsen. Concerns around global growth and lower fuel demand following the tariff hike announcements by US President Donald Trump also weighed on crude. Brent crude futures fell by 76 cents, or…
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 snapped their three-day rising streak, falling nearly 1% in the international markets on Thursday, February 5, after the US and Iran agreed to hold negotiation talks in Oman, easing fears of a possible military confrontation that could disrupt supplies from the key Middle East oil-producing region. Brent crude futures slipped 1.4% to $68.47…
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 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…
