Tag Archives: rate hike

Oil futures saw an uptick on Monday, May 6, following Saudi Arabia’s decision to raise crude prices for most regions in June, coupled with escalating concerns over the conflict between Israel and Hamas, which could potentially impact oil production. At 0119 GMT, Brent crude futures climbed 28 cents, or 0.3%, …

Oil prices rebounded on Thursday after three consecutive days of losses that brought prices to their lowest levels since mid-March. Brent crude futures for July rose by 79 cents, or 0.95%, to reach $84.23 a barrel by 0959 GMT. Meanwhile, U.S. West Texas Intermediate (WTI) crude for June climbed by …

Oil prices climbed on Thursday as the United States is anticipated to initiate crude purchases to replenish its reserves, following a slump to a seven-week low. This comes alongside optimism for a ceasefire in the Gaza Strip, increasing American stockpiles, and uncertainty regarding a potential interest rate cut by the …

Oil prices experienced a decline in early trading on Tuesday as ceasefire discussions between Israel and Hamas in Cairo provided a sense of relief, easing concerns about the escalation of conflict in the Middle East. However, apprehensions regarding the outlook for US interest rates weighed on the market sentiment. By …

Oil prices fell in early Asian trading on Monday, giving up gains made on Friday, as peace talks between Israel and the Palestinian Islamic Resistance Movement (Hamas) in Cairo eased fears of a widening conflict in the Middle East. US inflation data also reduced expectations of interest rate cuts soon. …

Oil prices rose on Friday, poised to conclude the week with gains after two consecutive weeks of losses, following optimistic remarks from US Treasury Secretary Janet Yellen regarding economic growth. Meanwhile, concerns over supply persisted amid the ongoing conflict in the Middle East. As of 0347 GMT, Brent crude futures …

Oil prices saw little change on Thursday amid a decline in fuel demand in the United States, the world’s largest oil consumer, coupled with concerns over a potential escalation of conflict in the Middle East. Brent crude futures edged up nine cents to $88.11 a barrel by 0420 GMT, following …

Oil prices saw an uptick in early trading on Wednesday, extending gains from the previous session following industry data showing an unexpected decrease in US crude inventories last week. This decline suggested increased demand and shifted attention away from tensions in the Middle East. Brent crude futures edged up by …

On Tuesday, oil prices saw an increase, buoyed by robust economic data from Europe and the ongoing consideration of potential new US sanctions on Iranian oil exports amidst continued tension in the Middle East. As of 0847 GMT, Brent crude futures climbed by 80 cents, or 0.9 percent, reaching $87.80 …

Oil prices experienced a decline on Monday, influenced by a renewed focus on market fundamentals, as Israel and Iran downplayed the potential escalation of hostilities in the Middle East following a limited Israeli strike on Iran. Brent crude futures dipped by 67 cents, or 0.77 percent, to $86.62 per barrel …