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Oil prices

  • Oil prices surge after Hamas attack on Israel raises supply fears

    October 9, 2023

    Oil prices have spiked amid growing political uncertainty in the Middle East, following Hamas' attack on Israel.

  • OPEC+ opt against further oil output cuts as prices drop on demand fears

    October 5, 2023

    Oil prices have slide after OPEC+, opted against further changes to the group's hawkish output cuts this year.

  • Oil markets confirm massive quarterly gains as OPEC+ sustain hefty supply cuts

    October 1, 2023

    Oil markets have consolidated massive rallies over the third quarter of this year, powered by hefty output cuts from OPEC and its allies.

  • FTSE 100 close: London’s bluechip index climbs into green as oil continues upward march to $100

    September 28, 2023

    BP and Shell both recorded gains as oil prices climbed to around $97.

  • Oil prices rise on US crude draws, tight global supply and Rosebank announcement

    September 28, 2023

     Oil prices rose in early Asian trade on Thursday after surging to the highest settlement in 2023 in the previous session as a steep drop in U.S. crude stocks added to worries of tight global supplies. Brent crude LCOc1 futures climbed 16 cents to $96.71 a barrel by 0001 GMT. U.S. West Texas Intermediate crude futures (WTI) rose [...]

  • Rising oil prices won’t derail fight against inflation, experts reckon

    September 28, 2023

    Inflation is likely to continue on its downward trajectory despite a recent surge in oil prices, experts told City A.M.

  • Oil prices hold firm as Russia puts more pressure on supplies

    September 25, 2023

    Oil markets have stabilised in this morning's trading, with consolidating historic price gains on both major benchmarks.

  • Oil prices climbs above $95 per barrel as weak US output worsens supply woes

    September 19, 2023

    Oil prices are within touching distance of the $100 milestone, after underwhelming levels of shale production in the US.

  • Oil prices continue rally amid OPEC cuts with $100 per barrel in sight

    September 18, 2023

    Oil markets have consolidated last week's hefty gains, with growing expectations of a widening supply deficit this year.

  • G7 price cap restrains Russian oil revenues but Kremlin still finding buyers

    September 6, 2023

    Price caps on Russian oil and gas have managed to drive down oil revenues and keep prices in check for consumers, experts suggest.

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