Brent and WTI oil prices fell amid fears of a trade war between the US and the EU, which could curb fuel demand growth. The Trump administration has set August 1 as the deadline for trade agreements, otherwise countries face high tariffs.
Brent crude futures rose by 6 cents to $69. 34 per barrel, while US West Texas Intermediate crude gained 17 cents to $67.51. This comes as the impact of new European sanctions on Russian oil supplies is being assessed, alongside concerns about declining demand due to tariffs.
Brent and WTI crude futures changed little after rising due to drone attacks on oil fields in Iraqi Kurdistan. Uncertainty over US tariff policy and plans to increase production are weighing on the market.
Oil prices rose in early trading on Thursday, recovering from the previous session's decline. Brent and WTI futures rose by 0.39% and 0.47% respectively.
Oil prices rose on Wednesday on expectations of sustained summer demand in the US and China. Brent and WTI futures rose, reversing a two-day decline.
Oil prices rose by more than 2% due to expectations of new US sanctions against Russia. Increased production by Saudi Arabia and uncertainty with tariffs limit price growth.
Oil prices rose after Trump's statement about possible sanctions against Russia, but fears about tariffs and increased OPEC+ production limited the growth. Brent and WTI futures rose, partially recovering from the fall.
Brent and WTI crude futures fell after rising to two-week highs. Investors are awaiting new developments regarding Trump's tariffs and the increase in US crude oil inventories.
Oil prices fell after OPEC+ increased production by 548,000 barrels per day in August, exceeding expectations. Uncertainty regarding US tariffs also affected demand.
Brent and WTI oil prices fell amid Iran's reaffirmation of commitment to nuclear non-proliferation and expectations of increased OPEC+ production. The US plans to resume nuclear talks with Iran next week.
Oil prices were unchanged as markets analyzed the expected increase in supplies from producers next month and a weak US dollar. US oil inventories rose by 680,000 barrels, despite summer seasonal demand.
Brent and WTI crude oil prices fell by 0. 5% on Tuesday, while OPEC+ plans to increase production by 411,000 barrels per day in August. Uncertainty regarding US tariffs and oversupply are also restraining the market.
Oil prices fell due to a decline in geopolitical risks in the Middle East and an expected increase in OPEC+ production. However, fears of a slowdown in global oil demand are exerting downward pressure.
Oil prices are heading for their sharpest weekly decline since March 2023 due to the absence of supply disruptions caused by the Iranian-Israeli conflict. Brent and WTI futures have fallen by about 12% this week, returning to "pre-conflict" levels.
Oil prices rose as a decline in US inventories signals strong demand. Investors are cautious about stability in the Middle East.
Investors assess the stability of the truce between Iran and Israel, which affects oil prices. Prices have risen but remain near multi-week lows on expectations that supplies will not be disrupted.
Oil prices fell sharply after Donald Trump announced a ceasefire agreement between Iran and Israel. This eased fears of supply disruptions in the Middle East, leading to a decline in Brent and WTI crude futures.
US Secretary of State Marco Rubio called on China to convince Iran not to close the Strait of Hormuz, an important shipping route. This move could have serious economic consequences and lead to rising oil prices.
Oil prices surged after US strikes on Iranian nuclear facilities, fueling fears of fuel supply disruptions. Experts predict further price increases if the Strait of Hormuz, a vital shipping lane, is closed.
The European Union will not lower the price cap on Russian oil due to the escalation of the conflict in the Middle East. The proposal to lower the price from $60 to $45 per barrel has been postponed due to market instability.
China reached record crude oil reserves of 1. 18 billion barrels to protect against disruptions from the Middle East. This allows refineries to maneuver in conditions of potential disruptions in oil supply, particularly from Iran.
Brent crude oil prices have cut their gains and fallen by almost $2 after the US postponed a decision on the conflict between Israel and Iran. Brent crude is heading for its third week of rising prices.
Brent and WTI oil futures fell on Thursday. Investors are awaiting signals from the US regarding the Iran-Israel conflict and the Fed's decision on interest rates.
Iran has sharply increased oil exports following the escalation of the conflict with Israel. The country seeks to maintain revenues by dispersing tankers and ensuring supply stability through the Strait of Hormuz.
European gas prices have been rising for the sixth consecutive day due to fears of escalation between Israel and Iran. This could disrupt shipping in the Strait of Hormuz, a key energy route.
Brent crude oil rose by 0. 3% to $76.71 per barrel, WTI - by 0.5% to $75.19. The market is concerned about supply disruptions through the Strait of Hormuz.
Prices for Brent and West Texas Intermediate crude oil have increased. Investors are concerned about possible supply disruptions through the Strait of Hormuz amid the conflict between Iran and Israel.
After the escalation of the conflict between Israel and Iran, oil prices are rising again. Fears of supply disruptions through the Strait of Hormuz are putting pressure on the market.
The US does not plan to lower the limit price for Russian oil in the G7. The EU and Britain want to lower the ceiling to $45 per barrel to put pressure on Russia's income.
Following Israeli airstrikes on Iran, tourism stocks fell while energy and defense stocks rose. The S&P 500 fell, and the price of oil rose the most since 2020.
