Tag Archives: Iran

Oil prices increased in Asian trading on Monday, continuing their rebound from the previous session. The ongoing conflict between Israel and Hamas showed no signs of a ceasefire, while comments from Federal Reserve Chair Jerome Powell fueled expectations of a September interest rate cut, further supporting oil prices. Brent crude …

Oil prices remained stable on Friday but are poised to end the week lower due to concerns over weakening U.S. employment data and ongoing ceasefire discussions in Gaza, which eased fears of supply disruptions. Brent crude futures rose by 16 cents (0.2%) to $77.38 per barrel by 0642 GMT.U.S. West …

Oil prices edged lower on Wednesday, influenced by growing U.S. crude inventories and indications that tensions in the Middle East may be easing after a diplomatic tour of the region by key mediators. Brent crude futures dipped by 11 cents, or 0.1%, to $77.09 a barrel by 0630 GMT, while …

Oil prices were on track for a second consecutive week of gains, despite a slight decline on Friday, driven by strong U.S. economic data that fueled optimism about demand in the world’s largest oil-consuming country. Brent crude futures have risen approximately 1.3% this week, while U.S. West Texas Intermediate (WTI) …

Gold prices experienced a minor decline in Asian trade on Friday, as reduced recession concerns tempered the demand for safe-haven assets. Despite this, expectations of interest rate cuts kept gold prices close to record highs. Spot gold fell by 0.1% to $2,453.02 an ounce, while gold futures for December delivery …

Oil prices climbed on Wednesday, driven by a decline in U.S. crude and gasoline inventories and concerns over potential escalations in the Israel-Gaza conflict that could impact global oil supplies. By 0540 GMT, Brent crude futures had increased by 56 cents, or 0.7%, to $81.25 a barrel. Similarly, U.S. West …

Oil prices saw a significant drop on Tuesday, with both Brent and US crude oil futures falling more than $1 a barrel. This decrease is attributed to a reduced perception of imminent conflict in the Middle East. Markets had previously factored in a potential attack by Iran, leading to a …

Gold prices surged over 1.5% on Monday as US Treasury yields retreat ahead of key CPI data, with the 10-year yield down to 3.902%. The ongoing Middle East tensions, with no ceasefire in sight, drive demand for Gold’s safe-haven status. Traders are bracing for the latest Consumer Price Index (CPI) …

Oil prices extended their upward momentum on Monday, marking a fifth consecutive session of gains, driven by easing U.S. recession fears and escalating geopolitical tensions in the Middle East. The market continued to build on last week’s strong performance, which saw more than a 3% rise in prices. Brent crude …

Oil prices saw an uptick on Friday, but the market is set to record its fourth consecutive weekly decline. Despite the recent rise, signs of disappointing global fuel demand growth have overshadowed fears of supply disruptions, leading to a bearish outlook. Current Market Performance Brent Crude Futures: Up 55 cents, …