Oil turns flat for this Friday with markets writing off Middle Eastern tensions during APAC session. WTI Oil prices retreat from $85.00, while Brent dips below $90. The US Dollar Index eases as well on a turnaround from safe haven inflows earlier on the back of headlines. Oil prices are dropping lower with markets having […]
Oil drilling rigs Oil prices increased on Friday, amid investor concerns about the escalating conflict in the Middle East following reports of explosions in the Iranian city of Isfahan believed to be an Israeli attack. Brent crude futures for June delivery rose by 1.89% or $1.60 to $88.76 a barrel at 09:01 am Makkah Time.
Oil rises over 1% amid concerns of escalating conflict in Middle East Read More »
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The price of Brent crude is now over $90 per barrel, up from $87 shortly after crisis between Israel and Iran intensified. Oil prices jumped more than 3% on Friday after Israel carried out a strike in Iran, triggering fears of an all out war in the Middle East. Read also: Iran attack tests limits
Oil prices jump as Israel-Iran conflict deepens Read More »
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Oil prices jump, U.S. stock futures sink on reports of explosions heard in Iran Read More »
Indian Rupee gathers strength on Friday despite geopolitical tension risks, renewed USD demand. The fear of a wider conflict between Israel and Iran might cap the INR’s upside. Investors await the RBI Monetary Policy Committee (MPC) Meeting Minutes, which are due on Friday. Indian Rupee (INR) rebounds on Friday despite geopolitical fears and foreign fund
USD/INR strengthens amid Iran airport attacks and oil prices rise Read More »
Oil prices have experienced a slight decrease for the third day in a row, after reaching a six-month record. Investors have seemingly shrugged off fears of a wider Middle East war disrupting supplies. Brent crude, the international benchmark, fell by 3.03% to $87.29 per barrel for June. Meanwhile, West Texas Intermediate, the U.S. marker, dropped
Oil Prices Slip as Investors Eye Israel’s Response to Iran Strike Read More »
Illustration: View of the oil refineries of Haifa, Israel, and the industrial area, on May 5, 2017 (Photo: Yaniv Nadav/Flash90). A large number of world leaders warned against an escalation regarding the situation in the Middle East on Friday after Israel struck an Iranian military site in the city of Isfahan earlier in the morning.
WTI Oil sell-off gets nearly fully erased at the start of the US trading session. Oil prices earlier broke below the pivotal $83.34 level, heading abck to $82.00 The US Dollar Index pops back above 106.00 on upbeat Jobless Claims data. Oil prices are erasing earlier losses after harsh rhetoric from Iran which said it is
Oil set to end the day unchanged with tit for tatt ramping up between Israel and Iran Read More »
Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Premium Content By Alex Kimani – Apr 17, 2024, 7:00 PM CDT Whereas the short-term oil price outlook appears murky, leading oil agencies remain largely bullish about the long-term outlook. Interestingly, over the medium-and long-term, only the IEA
Standard Chartered Says Peak Oil Demand Is Not Imminent Read More »
