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Oil Prices Rise on Seasonal Demand, Geopolitical Tensions
Oil prices were rising, with Brent crude up 0.4% at $68.91 a barrel, and WTI up 0.5% at $66.91 a barrel. Market fundamentals for oil remain fundamentally tight on bullish seasonal demand, while new Houthi attacks on cargo vessels transiting the Red Sea are adding a risk premium,
Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the ...
Asian stock markets and oil prices face uncertainty as the U.S. signals tariff changes without clarification. President Trump ...
US EIA’s short-term energy outlook (STEO) report said that the Brent crude oil price in its forecast averages $69 per ...
On June 13, the U.S. Environmental Protection Agency proposed higher biofuel blending requirements for 2026 and 2027. Read ...
Oil prices edge higher in volatile trading as investors weigh a sharp rise in U.S. crude inventories and global trade risks against attacks on shipping in the Red Sea. Brent crude rises 0.4% to $70.45 ...
Crude prices remained "surprisingly stable" on Monday, even after the group of major oil producers known as OPEC+ announced over the weekend a higher-than-expected [production increase of 548,000]( ...
Goldman Sachs said it expects a group of eight OPEC+ members to lift oil production quotas by 550,000 barrels per day in ...
WTI Crude Oil edges lower as reports confirm robust supply. Red Sea attacks and rising geopolitical risks could continue to ...
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