Oil prices rise nearly 2%, recovers some of last week's 7% decline
Oil prices settled nearly 2% higher on Monday, recouping some of last week's more than 7% decline, with no letup of fighting in the Middle East and expected Israeli retaliation on Iran worrying markets about supply from the region.
WTI futures traded around $69.97 per barrel, as of 9 a.m. ET. That’s an increase of 0.27% in the last 24 hours.
Crude oil prices gained more than 1% on Monday after dropping 7% last week as the market focused on demand concerns. Last ...
Citi's bull case for oil hinges on conditions deteriorating sharply in the Middle East as tensions keep rising between Israel ...
Oil prices fell Tuesday after U.S. officials said Israel had assured the Biden administration that it wouldn't target Iran's ...
Oil prices rose in early Asian trade on Thursday, paring sharp losses over the past two sessions, after industry data showed ...
Some forecasters have called for oil prices to hit $50 a barrel. That would mark a decline of nearly 40% from current levels.
In this month's outlook, EIA educed its 2025 forecast for US Lower 48 states (L48) crude oil production from last month by 1% ...
Oil prices were broadly steady on Monday, following a more than 7% drop last week on worries about demand in China, the world ...
Brent oil prices have recovered to $78.30 despite OPEC+ downgrading demand growth forecasts and falling Chinese imports.
With this fall, oil prices are down about $5 so far this week, almost wiping out the rise seen over concerns that Israel ...
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