The primary driver behind this shift is the disruption of global oil flows linked to the current raging war in West Asia.
Crude oil futures spiked US$5 a barrel on Thursday after reports that air defenses were engaging targets over Tehran and of a power struggle between Iran's hardliners and moderates.
SINGAPORE] The Republic’s refineries face weaker margins and reduced efficiency as they pivot to alternative crude oil ...
Why are oil and European gas prices up again, and will Brent crude futures and U.S. West Texas Intermediate continue to rise ...
Why is oil price up today, and will Brent crude futures and US West Texas Intermediate go above $102 or drop again? Oil ...
“When roughly 20% of global seaborne crude flows through a single chokepoint, and that chokepoint is functionally closed, the ...
Brent crude oil futures rose sharply when markets opened Sunday night amid signs the US-Iran peace talks had stalled.
Oil prices declined on Tuesday following expectations of U.S.-Iran peace talks, which could increase supply from the Middle ...
Oil prices settled up by more than US$3 on Wednesday after a surprise gasoline and distillate stock draw in the US, and on reports of gunfire attacks on at least three container ships in the Strait of ...
PERTH, April 8 (Reuters) - U.S. West Texas Intermediate crude oil fell in early trade on Wednesday, roughly two hours ahead of U.S. President Donald Trump's deadline for Iran to open the Strait of ...
Government watchdogs raised conflict-of-interests concerns, but Christian said his involvement in the venture is “separate” ...
After sticker shock hit each of West Texas Intermediate and Brent Crude oil due to developing situations in the middle east, the price tag for Western Canadian Select oil has officially joined the two ...