WTI crude oilrecovered more than $3 on weak US dollar. It hit a high of $83.67at the time of writing and is currently trading at $82.94. According to the American Petroleum Institute, US crude inventories
Oil prices edged higher in early Asian trading on Tuesday, reversing losses from the previous session, as investors continued to assess the risk from geopolitical concerns in the Middle East. Global benchmark Brent crude oil futures rose 39 cents,
Iranian Foreign Minister Hossein Amirabdollahian told NBC News the Islamic Republic does not plan to respond to Israel's retaliatory strike launched Friday.
Oil prices were broadly stable on Tuesday after recouping some of the losses posted in the previous session as fears of an all-out war between Israel and Iran fade. Despite this, geopolitical risks in the region remain high and traders still see the oil market growing tighter in the coming months.
Inventory and Price Movements. Today, light crude futures dipped after failing to sustain early gains spurred by an unexpected drop in U.S. crude stocks. The American Petroleum In
Oil prices fell more than 1% as fears of a broader conflict in the Middle East fade and the prospect of higher-for-longer interest rates weighs on sentiment. Brent crude was down 1.7% at $85.84 a barrel and WTI traded 1.