Energy Stocks Rise as Oil Jumps on Middle East Tensions
Shares of energy giants, including ExxonMobil and Chevron, are extending gains in premarket trading Wednesday as worries of a broader Middle East conflict lift oil prices.
WTI gains ground above $76.50 amid fears of Middle East oil production disruptions
WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively.
Oil prices set for 10% weekly rise as Middle East tensions heat up
Brent crude futures were up $1.09, or 1.4 Percent , at $78.71 a barrel, as of 1120 GMT. U.S. West Texas Intermediate crude futures were up $1.08, also 1.5 Percent , at $74.79 a barrel.
Oil prices jump, stocks fall on Middle East tensions
Oil prices surged and major stock markets mostly retreated Thursday as investors reacted to fears of widening conflict in the Middle East.
Oil prices climb as Middle East conflict counters ample supply outlook
Brent crude futures were up 55 cents, or 0.7%, at $78.17 a barrel, as of 0831 GMT. US West Texas Intermediate crude futures were up 50 cents, also 0.7%, at $74.21 a barrel.
Oil Futures Extend Rally on Middle East Geopolitical Tensions
Oil futures added to last week’s heavy gains as traders hedge against the possibility of Israel striking Iranian energy infrastructure in response to last week’s missile attack.
Oil prices rise as Middle East tensions escalate, markets hedge against $100 a barrel surge
Oil prices have surged amid escalating tensions in the Middle East, with traders hedging against a "worst-case scenario" that could see prices climb to $100 a barrel.
Oil Prices Are Climbing. Middle East Tensions Weigh Heavy on the Market.
Oil prices were rising again on Monday as traders continued to fret about a broader conflict in the Middle East. The Brent international benchmark climbed 2.4% to $79.90 a barrel in early trading, while West Texas Intermediate U.
Oil prices extend gains on fears of wider Middle East conflict
Oil prices extended gains on Monday, with Brent nearing $80 to build on last week's steepest weekly jump since early 2023, driven by fears of a wider Middle East conflict and potential disruption to exports from the major oil-producing region.
Oil Prices Rise as Middle East Tensions Simmer
Oil prices were on the rise in Europe as the market awaited new developments in the Middle East, where geopolitical tensions are boiling over, ING said.
Oil prices extend gains on Mideast tensions, Wall Street falls
Oil rose above $80 a barrel Monday on Middle East tensions while equities slid in New York as political and interest rate concerns dented the recent rally.
Crude oil prices today: WTI prices hold steady today
WTI crude fell to its 52-week low of $64.78 per barrel on Sep. 10, 2024. It reached its 52-week high of $91.09 on Oct. 20, ...
U.S. crude oil jumps nearly 3%, trades above $76 as market waits for Israel strike against Iran
Oil market analysts worry Israel could strike Iran's oil industry. Such an attack could lead to Iran disrupting oil supplies through the Strait of Hormuz, analysts say. The Strait of Hormuz is one of ...
Middle East tensions send oil futures soaring as traders scramble for cover
Middle East tensions drive oil futures to their largest gain in a year, with traders rushing to buy call options amid fears ...
USA Today26d
Crude oil prices today: WTI prices are up 2.35% today
WTI futures rose by 2.35% to $68.04/bbl, as of 9 a.m. ET. West Texas Intermediate prices have drifted lower in 2024, but prices are down 3.86% over the past three years. WTI crude fell to its 52 ...
InvestmentNews1d
Oil futures gain as money managers reverse positions
Oil futures were slightly lower on Monday after several days of gains. The international marker Brent was trading down 34 cents at $77.71 a barrel, while West Texas Intermediate fell by a similar ...
US Gulf Coast oil prices to take center stage as exports dominate
Rising U.S. crude oil exports are boosting the prominence of Gulf Coast price benchmarks and buoying trading volumes on ...
BOE Report20h
Discount for Western Canada Select firms slightly
The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) ...
Brent falls below $80 as oil rally pauses, traders await Israeli response to Iranian missile attack
A rally in oil prices was taking a pause on Tuesday morning as traders awaited Israel’s response to Iran’s actions last week. West Texas Intermediate crude for November delivery fell $1.63, or 2.1%, ...