Brent and WTI oil prices fell in Asian trading due to expectations of talks between the US and Russia regarding the war in Ukraine. The possible lifting of sanctions on Russian oil increases pressure on the market.
Oil prices were little changed on Friday but are heading for their biggest weekly losses since late June due to new US tariffs. Investors are concerned about the impact of the tariffs on the global economy and oil demand.
Indian state-owned oil refineries are suspending spot purchases of Russian crude oil. This comes amid increased pressure from Washington and the imposition of tariffs on Indian exports.
Oil prices rose 1% after US inventories fell and exports increased. Macroeconomic uncertainty due to US tariffs on Indian goods limits growth.
Brent and WTI crude futures rose 0. 6% after falling to a five-week low. This happened amid fears of supply disruptions due to US threats to impose tariffs on India for buying Russian oil.
Brent and WTI crude futures fell amid concerns about OPEC+'s oversupply and a weak demand outlook. This is the fourth consecutive decline for both contracts, which reached their lowest level in a week.
Oil prices barely changed as fears of tariffs' impact on demand balanced the threat of supply disruption from Russia. Brent and WTI futures rose slightly, but are expected to increase by 4.9% and 6.4% respectively by the end of the week.
Oil prices rose after Donald Trump's statement about introducing measures against Russia and tariff threats to countries trading Russian oil. Brent futures rose to $72.09, and WTI to $69.97.
Brent and WTI crude futures fell after the US-EU trade deal, which averted a full-scale trade war. The market awaits the US Federal Reserve's decision on interest rates and negotiations between the US and China.
Brent and WTI crude futures rose after the US reached a trade agreement with the EU and may extend the tariff pause with China. This dispelled fears about the negative impact of tariffs on economic activity and fuel demand.
Oil prices rose on Friday amid optimism about trade talks, which supported the prospects for the global economy and oil demand. Brent futures reached $69.38 per barrel, WTI - $66.23.
Brent and WTI crude futures edged lower after three sessions of declines. This happened amid a US-Japan agreement and discussions of sanctions against Russian oil, which affects global trade sentiment.
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.