Brent crude futures rose to $67. 11 per barrel, and WTI to $63. The increase is driven by high demand in the US and uncertainty regarding the war in Ukraine.
Indian state-owned oil refineries have resumed purchases of Russian Urals oil after a short break. This comes despite criticism from American officials and threats of sanctions.
Global oil prices remained largely unchanged, as investors monitor peace talks surrounding Ukraine, which could impact the energy market. Brent and WTI futures saw slight gains, while the market remains uncertain due to the unlikelihood of a swift resolution to the conflict.
Chinese refineries increased purchases of Russian Urals oil, taking advantage of India's refusal of preferential batches due to Washington's increased trade tariffs. Urals exports to China almost doubled in August, while they significantly decreased to India.
Oil prices were little changed after falling earlier in trading. The US did not put further pressure on Russia to limit oil exports after the leaders' meeting.
The World Trade Organization has revised its forecast for global merchandise trade in 2025, expecting a 0. 9% increase. This update was made possible by increased imports to the US, but new tariffs could negatively impact trade in 2026.
Oil prices rose to a new weekly high. This happened after Trump's threats to Russia and strong economic data from Japan.
Oil prices rose on Thursday amid expectations of a US-Russia summit on Ukraine. Brent futures rose to $65.87, and WTI to $62.85.
Russia is facing financial difficulties due to India's reduction in oil purchases. Moscow is offering Urals oil to China at a discount, but Beijing will not be able to fully compensate for the lost volumes.
The International Energy Agency forecasts a sharp drop in oil prices in 2026 due to oversupply and declining demand. The price of a Brent barrel could fall to $58, which will affect the cost of gasoline.
Oil prices rose on Tuesday after the extension of the US-China tariff truce. This eased fears about the impact of the trade war on fuel demand.
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.