oil price

Oil remains steady despite demand uncertainty; brent crude at $84.23/bbl

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Oil remains steady despite demand uncertainty; brent crude at $84.23/bbl

Oil prices remained steady on Tuesday as traders awaited signs of increased summer demand that could support prices, despite concerns about ample supply potentially limiting gains. Benchmark Brent crude futures were unchanged at $84.23 per barrel at 1231 GMT, following an increase in the previous session. Meanwhile, U.S. West Texas Intermediate crude futures, which also … Read more

Oil prices continue to gain amid worries about supply disruptions; brent crude at $89.76/bbl

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Oil prices continue to gain amid worries about supply disruptions; brent crude at $89.76/bbl

Oil prices continued their upward trajectory amid investor apprehensions regarding potential disruptions in supply due to escalating geopolitical tensions, on Wednesday. However, some of these concerns were mitigated by an unexpected increase in U.S. crude oil inventories. Brent crude futures climbed by 84 cents, representing a 0.9% increase, reaching $89.76 per barrel by 11:38 a.m. … Read more