Global oil prices continued their upward trajectory for the fifth consecutive day on Tuesday, driven by growing concerns over supply disruptions following the latest U.S. tariffs targeting countries that purchase oil from Venezuela. Market Movement By 9:50 AM WAT, Brent crude futures had risen by 31 cents to $73.28 per barrel, while U.S. West Texas…
The financial markets started the week on a volatile note as oil prices surged, U.S. stock futures declined, and Asian markets saw significant gains. Investors are closely monitoring global economic conditions, particularly as key central banks, including the U.S. Federal Reserve, are set to hold policy meetings this week. Oil prices spiked on Monday following…
Oil prices edged lower on Thursday after a strong rally the previous day, as fears over escalating trade tensions and their potential impact on global economic growth outweighed bullish inventory data from the United States. Brent crude futures slipped by 7 cents (0.1%) to $70.88 per barrel by 0107 GMT, while U.S. West Texas Intermediate…
Oil markets saw a volatile trading session on Friday, with prices swinging between gains and losses as investors weighed the impact of potential U.S. retaliatory tariffs against broader supply concerns stemming from stricter policies on Iran. West Texas Intermediate (WTI) crude continued its downward trend, closing in negative territory for the fourth consecutive week. Meanwhile,…
Crude oil prices saw a slight uptick as signs of shrinking Russian supply eased oversupply fears. However, the market remained near its lowest levels of the year, with President Donald Trump’s tariff policies continuing to weigh on investor sentiment. West Texas Intermediate (WTI) hovered around $72 per barrel on Monday after enduring its longest losing…
