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 ...
Oil prices were plunging on Friday morning after Iran’s foreign minister said the Strait of Hormuz is declared open for the passage of all commercial vessels for the remaining period of the cease-fire ...
The primary driver behind this shift is the disruption of global oil flows linked to the current raging war in West Asia.
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 ...
Government watchdogs raised conflict-of-interests concerns, but Christian said his involvement in the venture is “separate” ...