Oil prices began to climb once again in early Asian trade on Friday due to uncertainty over the outcome of peace talks between the United States and Iran after Switzerland confirmed the talks had been postponed. At the time of writing, Brent crude had climbed back above $80 per barrel while West Texas Intermediate had risen to $76.28. Reuters reported on […]
The oil market just did something remarkable
Oil prices plunged in early Monday trading in Asia after the U.S. and Iran announced a deal to reopen the Strait of Hormuz more than 100 days after its closure.
The Bank of Ghana Governor, Dr. Johnson Asiama, has expressed confidence that the country has built the required reserves to help withstand oil price shocks.
China’s export prices saw their biggest gain in three years in April as the oil price surge filtered through the goods manufactured in the world’s biggest exporter of goods
Saudi Arabia is expected to slash again the official selling prices of the crude it will load for Asia in July amid weakening demand and narrowing spot Middle East crude premiums, a Reuters survey of industry sources showed on Friday.
Oil prices climbed in early Asian trading on Monday as Israeli troops moved further into Lebanon over the weekend and the U.S. hit targets in Iran, adding fuel to fears that the broader Middle East conflict is moving toward escalation rather than a peace deal.
Oil market participants are increasingly pricing crude to be capped near $100 a barrel over the next year, as demand is forced to slow down to counter millions of barrels of supply losses caused by the US-Iran war. That’s one of the conclusions from a Bloomberg Intelligence survey that received 126 responses this month from […]
WTI Crude Oil May 2026 market: Current pricing suggests a 50% chance of reaching $110, a 23% chance of reaching $120, and a 14% chance of hitting $130. Recent trends indicate increasing probabilities for higher price thresholds.
Saudi Arabia has reduced the official selling price of its flagship crude loading for Asia in June from the May record high, but the price cut was less than expected.