Global oil price surge

Brent Crude Reclaims USD 100 Per Barrel As West Asia Tensions Push Oil Prices Higher

Oil Crosses $100 A Barrel Amid Fresh Middle East Tensions

The prospect of higher oil prices also raises the prospect of higher inflation

Oil Prices Tumble 7%, Global Markets Rally As China's CXMT Surges 466% In Shanghai Debut

Oil prices fall to one-week low as hopes of US-Iran breakthrough ease supply concerns

Oil prices extended losses as diplomatic talks eased supply disruption concerns. Brent crude futures and WTI crude touched their lowest levels since July. The Caspian Pipeline Consortium resumed oil loadings after a suspension. However, Middle East supply disruption fears persist amid drone attacks. US crude inventories likely declined while distillate stockpiles increased.

Crude Oil Prices Down 1.7% As US-Iran Diplomacy Hopes Ease Market Concerns

Crude prices climb over 4% as Middle East tensions, inventory draw fuel supply fears

Oil prices rebounded sharply on Wednesday due to renewed Middle East tensions. Concerns over global crude supplies and lower US inventories supported the market. Military developments in the region and air strikes on militant targets heightened worries. Shipping companies operating in the Gulf remain on alert amid fears of attacks. Expectations of OPEC+ pausing production increases also lent support to prices.