oil price

The Digest: Oil prices surged past $104 per barrel as the Iran war entered its third week following US strikes on Kharg Island, which handles almost all of Iran's oil exports. Brent crude hit $106.50 before settling near $104, while West Texas Intermediate traded above $99. The Strait of...

The Digest: President Donald Trump has declared that US military operations in Iran will "end very soon," reassuring markets thrown into chaos by the escalating conflict. Speaking at a Florida news conference, Trump stated: "It's going to be ended soon, and if it starts up again, they'll be...

The Digest: Global crude oil prices have surged to $85 per barrel for the first time since June 2024 as the escalating conflict involving the United States, Israel, and Iran stokes supply disruption fears. Brent crude rose by 8 percent to hit the $85 mark, while US West Texas Intermediate...

The Digest: Key OPEC+ members have announced a larger-than-expected production increase of 206,000 barrels per day, set for implementation in April, citing a steady global economic outlook and healthy market fundamentals. The decision comes as US-Israeli strikes on Iran and Tehran's...

The Digest: Global crude oil prices have climbed to $68 per barrel, the highest level in four months, driven by escalating tensions between the United States and Iran. Brent crude rose 2.24% to $68.88, while U.S. West Texas Intermediate increased by 1.9% to $64.41. Reports indicate the U.S. is...