Brent crude
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Economy
Oil Prices Surge After US Orders Diplomats to Leave Saudi Arabia
DID Press: Oil prices rose following an increase in attacks by Yemen’s Ansarullah forces against Saudi Arabia and a US order for some diplomats and their family members to leave the country. Reuters reported that Brent crude rose by $1.29,…
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Economy
Saudi-Yemen Conflict Pushes Oil Prices Close to $110 a Barrel
DID Press: Oil prices have climbed in global markets amid escalating tensions between Saudi Arabia and Yemen’s Houthi movement, with Brent crude approaching $110 a barrel and US West Texas Intermediate (WTI) crude rising above $100. The increase comes amid…
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Economy
Physical Brent Crude Oil Surpasses $154 a Barrel, Highest Level Since 1991
DID Press: The price of physical Brent crude oil has climbed above $154 a barrel, reaching its highest level since records began in 1991. Meanwhile, the gap between physical Brent and Brent futures contracts has widened to more than $50…
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Economy
Oil Prices Rise as Trump Rejects Iran’s Hormuz Proposal
DID Press: Oil prices rose in Asian trading on Monday, Sept. 28, after U.S. President Donald Trump rejected an Iranian proposal to end the conflict and reopen the Strait of Hormuz. Reuters reported that Brent crude futures rose more than…
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Economy
Brent Crude Climbs Above $95 as US-Iran Tensions Escalate
DID Press: Brent crude oil prices surged on Wednesday as renewed military tensions between the United States and Iran heightened concerns over potential supply disruptions in the Middle East and shipping through the Strait of Hormuz. Reuters reported that Brent…
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Economy
Brent Crude Rises Above $90 as Hormuz Disruptions Deepen Supply Concerns
DID Press: Brent crude oil prices briefly climbed above $90 a barrel on Tuesday, as fading hopes for a breakthrough in U.S.-Iran negotiations and continued disruption to shipping through the Strait of Hormuz intensified concerns over global energy supplies. Reuters…
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Economy
Brent Oil Jumps 6.7% as Middle East Tensions Escalate
DID Press: Brent crude climbed 6.7% to $87.55 per barrel after renewed military tensions involving the United States, Israel, and Iran heightened concerns over potential disruptions to global oil supplies. Market sentiment was driven by fears that the escalating regional…
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Economy
Brent Oil Nears $100 as Middle East Tensions Rattle Energy Markets
DID Press: Brent crude prices have moved closer to $100 per barrel as escalating geopolitical tensions in West Asia and growing disruptions to key maritime shipping routes fuel concerns over global energy supplies and inflationary pressures. Rising security risks in…
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Economy
Brent Oil Surpasses $86 Amid Supply Fears and Rising Geopolitical Tensions
DID Press: The price of Brent crude oil has climbed above $86 per barrel for the first time since June 12, as growing concerns over global supply disruptions and escalating geopolitical tensions push energy markets into renewed uncertainty. Brent crude,…
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Economy
Oil Prices Fall After Iran–US Understanding Eases Supply Concerns
DID Press: Global oil prices declined in trading on Tuesday after a reported understanding between the United States and Iran eased concerns over potential disruptions to global energy supplies. Brent Crude fell 2.2 percent to $77.7 per barrel, while West…
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