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.
Given the low level of oil inventories, there could be a sustained geopolitical premium in crude price until the conflict is ...
Oil prices fell Tuesday after U.S. officials said Israel had assured the Biden administration that it wouldn't target Iran's ...
Citi's bull case for oil hinges on conditions deteriorating sharply in the Middle East as tensions keep rising between Israel ...
After hitting two-month highs last week, international oil prices edged lower this week as the latest Middle Eastern ...
Crude oil prices rebounded on Friday after pulling back from the 6-week high hit at the beginning of the week. With ...
Some forecasters have called for oil prices to hit $50 a barrel. That would mark a decline of nearly 40% from current levels.
Oil prices rose in early Asian trade on Thursday, paring sharp losses over the past two sessions, after industry data showed ...
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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