Brent Crude

During the pre-market trading session on Monday, Shell PLC (NYSE:SHELL) and Occidental Petroleum Corp (NYSE:OXY) climbed 1.75% and 1.41%, respectively, whereas Exxon Mobil Corp (NYSE:XOM) and Chevron Corp (NYSE:CVX) climbed 0.88% and 0.85%, each oil prices witnessed more than 3% surge on Monday....

During the pre-market trading session on Thursday, Occidental Petroleum Corp (NYSE:OXY) fell 2.56%, Exxon Mobil Corp (NYSE:XOM) declined 2.39%, while Chevron Corp (NYSE:CVX) fell 1.50% as oil prices saw a considerable drop. This decline is attributed to the potential U.S.-Iran nuclear deal and a...

Oil futures edged up but then fell on Monday as a possible hurricane makes its way toward the U.S. Gulf Coast, continuing last week’s losses. Brent crude was up 16 cents, or 0.23%, to $71.22 a barrel at 8:15 a.m. ET while West Texas Intermediate crude futures were 19 cents, or 0.28%, higher...

Oil prices fell on Wednesday after OPEC+ sources said that it was talking about holding back a plan to boost output in October due to concerns over demand and production possibly coming back to Libya. Brent crude futures were down 53 cents, or 0.72% , to $73.20 as of 12:15 pm ET Wednesday. U.S....

In a development that could have wider implications for the oil market, Saudi Arabia's state-owned Aramco has suspended its plan to boost its maximum crude production capacity. The decision comes against the backdrop of a shifting global landscape, with increasing concerns about the...

Oil prices fell on Wednesday after U.S. inventory data showed gasoline and distillate stocks grew strongly for a second week, while crude stocks also rose. In early afternoon trade, Nymex WTI, which had been more than 1% higher earlier, fell back to $72.30 a barrel to leave it flat on the day....

In a move that has sent shockwaves through the oil market, Saudi Arabia has drastically reduced oil prices, leading to a significant increase in short positions in both Brent crude and West Texas Intermediate crude. What Happened: Short positions in Brent crude and West Texas Intermediate...

Oil prices were set for a second straight week of gains on Friday as Red Sea tensions persisted following a series of attacks on commercial shipping in the region by Yemeni Houthi rebels. In early trade on Friday, the U.S. benchmark oil futures contract Nymex WTI was up 1.1% at $74.68 per barrel,...

Oil prices were up on Wednesday, marking a third-straight day of gains and notching a 9% increase over the past week as tensions in the Middle East increase. Brent crude gained 1.1% on Wednesday to move back above $80 a barrel for the first time since Dec. 1. The European benchmark oil futures...

Oil prices have found some respite from a six-week sell-off as BP PLC (NYSE:BP) became the latest company to announce it was halting shipments through the Red Sea due to the “deteriorating security situation for shipping.” The development comes amid increasing attacks on vessels in the...

Crude oil prices were trading under pressure on Wednesday after the COP28 climate summit ended with a historic agreement to shift away from fossil fuels and increase commitments to renewable energy sources. Nymex WTI, the U.S. benchmark crude futures contract, was trading flat at $68.72 a barrel in...

Oil prices fell to five-month lows on Wednesday following four straight days of declines as traders remained wary that OPEC+ production cuts would have sufficient impact to offset any loss in demand from a global economic slowdown. Brent crude fell 0.8% in early trading on Wednesday to $76.55 a...

Global energy prices fell on Monday, with Brent crude dipping back below $80 a barrel after OPEC+ rescheduled its meeting — originally planned for Sunday — to later this week. In early trade, Brent crude was down 1.2% at $79.50 a barrel, while Nymex West Texas Intermediate fell 1.2% to $74.61 a...

Oil prices fell during afternoon trade on Friday, as OPEC+ was reported to be close to a deal that will bring more oil onto the market from African-producing members of the oil cartel. In mid-afternoon trade, Brent Crude was down 1.3% at $80.35 a barrel, while US West Texas Intermediate fell 2.4%...

By RoboForex Analytical Department Brent crude is maintaining a steady position, trading close to $89.50 as the market endeavors to find a balance. Middle Eastern tensions remain the central focus for traders, as the on-ground operations in the region have introduced multiple uncertainties that can...