Crude oil prices rise on Mideast escalation fears, US rate cut expectations

Aug 26, 2024, at 10:04 pm

London/IBNS: Crude oil prices climbed 1 percent on Monday (Aug 26) on renewed concerns that an escalating Gaza conflict could disrupt regional oil supplies, extending gains from Friday when the prospect of US interest rate cuts lifted the global economic and fuel demand outlook, reports Reuters.

Oil prices rise over 1% ahead of inflation data after downbeat week

May 28, 2024, at 06:26 pm

Houston/IBNS: The prices of crude oil rose over 1 percent in muted trade owing to public holidays in Britain and the United States after a downbeat week characterised by the outlook for US interest rates in the face of sticky inflation, reports said.

Oil prices reach highest in 10 months

Sep 20, 2023, at 06:07 am

Oil prices surged by more than 1% on Tuesday, reaching the highest levels in 10 months, Reuters reported.

Russia's Ukraine blitz sends oil prices soaring, dampening hopes of post-Covid economic recovery

Feb 26, 2022, at 07:24 am

Crude oil prices crossed the $100 per barrel mark after Russia launched a military attack on Ukraine on Thursday, media reports said.

Oil prices down 5 pc on year amid supply worries

Jan 14, 2020, at 10:30 am

New York/Sputnik/UNI: Oil prices closed down for a fifth day in a row, falling as much as 5 percent on the year, as traders and investors focused on the possibility of oversupply in crude amid dissipating tensions that initially threatened tanker movements in the Middle East.