Oil prices were steady on Friday, but recorded their first monthly gains in six months, as investors assessed global supply prospects amid ongoing geopolitical volatility. Benchmark Brent crude futures for March delivery — which expired today — settled unchanged at $70.69 per barrel, maintaining weekly gains of 7.30% and surging 16.17% over January. Meanwhile, WTI […]
Oil prices unchanged, record monthly gains of over 16% Read More »
VW has no intention of retiring the Golf GTI or the Golf R. The Golf R may receive a more powerful engine. An electric Polo GTI debuts this year. The gas-fueled Polo GTI is still available in Europe. Hot hatches may have been born in Europe during the 1970s, but the EU’s stricter emissions regulations
Volkswagen Commits Long-Term To Gasoline Hot Hatches Read More »
Crude oil inventories in the United States decreased by 2.3 million barrels during the week ending January 24, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 423.8 million barrels according to government data, which is 3% below the five-year average for this time
Oil prices continue to rise as US crude oil inventories drop Read More »
Barely three days after an upward review of petrol pump prices, Nigerians may soon contend with another increase as international crude oil prices continue their upward trajectory. Nigeria’s Bonny Light crude climbed to $70.30 per barrel, up from $64 per barrel recorded last week, marking an increase of about 10 per cent and the highest price level so far this
Petrol prices set to rise again as global crude oil market surges Read More »
West Texas Intermediate (WTI) Oil price depreciates after three days of gains, trading around $64.00 per barrel during the Asian hours on Friday. However, WTI stayed on track for roughly 12% monthly gains, underpinned by a rising geopolitical risk premium. Geopolitical risks stayed elevated after Iran warned it would “defend itself and respond like never
WTI declines to near $64.00 despite elevated geopolitical risks Read More »
Crude oil price rose to $68 per barrel on Thursday, the highest since September 2025. Brent crude, the global oil benchmark, rose by 2.24 percent to $68.88 at 12.40 WAT, while US West Texas Intermediate rose by 1.9 percent to $64.41 a barrel. According to Reuters, oil prices are climbing due to growing fears that
Oil Price Rises to $68 per Barrel, Highest in Four Months Read More »
By Alex Kimani – Jan 28, 2026, 6:00 PM CST Last year, the energy sector emerged as one of the notable laggards in an otherwise red-hot U.S. stock market. The sector notched a respectable, but below-market, return of 7.9%, falling to match the 16.4% gain by the S&P 500 in large part due to a
5 High-Flying Energy Stocks Trouncing The Markets Read More »
Crude oil prices rose Wednesday, after President Donald Trump warned Iran that a “massive Armada” is heading in its direction and time is running out to make a deal on its nuclear program. Global benchmark Brent rose 83 cents, or 1.23%, to close at $68.40 per barrel. U.S. crude oil gained 82 cents, or 1.31%,
Oil prices rise after Trump says a ‘massive Armada is heading to Iran’ Read More »
Oil prices fell more than 4% on Thursday, after comments from U.S. President Donald Trump eased market speculation that an American strike on Iran could be imminent. Brent crude oil futures, the global benchmark, lost 4.13%, or $2.75, to $63.77 a barrel. Front-month West Texas Intermediate crude lost $2.65, or 4.27%, to trade at $59.37
Oil prices fall 3% after Trump says ‘killing has stopped’ in Iran Read More »
February WTI crude oil (CLG26) on Wednesday closed up +0.87 (+1.42%), and February RBOB gasoline (RBG26) closed up +0.0039 (+0.21%). Crude oil and gasoline prices extended this week’s sharp rally today, with crude climbing to a 2.5-month high and gasoline posting a 5-week high. Fears of an escalation in tensions in Iran, which could disrupt
Geopolitical Risk Pushes Crude Oil Prices Higher Read More »
