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Crude oil, Middle East
Brent crude scores biggest weekly gain in two years as Middle East fears surge
Crude oil futures surged 9% amid escalating Middle East tensions as Iran targets Israel, Biden discourages retaliation on oil assets.
Oil rises 2% amid concerns over Middle East supply disruptions; brent crude at $75.42/bbl
By 1211 GMT, Brent crude futures had risen by $1.52, or 2.06%, to $75.42 per barrel, while U.S. West Texas Intermediate crude futures climbed $1.58, or 2.25%, to $71.68.
Brent Crude Oil Prices Rise Amid Geopolitical Tensions
Adding to the complex market dynamics, the American Petroleum Institute (API) reported that US crude oil inventories decreased by 1.5 million barrels during the week. This decline was less than the anticipated drop of 2.1 million barrels, marking the second consecutive weekly decrease but suggesting that demand may not be as robust as expected.
1d
on MSN
Brent Crude could rise to $90 a barrel if Israel attacks Iranian export facilities, says RBC's Croft
Helima Croft, RBC global head of commodity strategy, joins 'Squawk on the Street' to discuss the impact of an Israeli attack ...
Daily Post Nigeria on MSN
1d
Brent, Nigerian oil blends race to $80 per barrel amid Israel, Iran conflict
Brent and Nigerian oil blends recorded a rebound to around $78 per barrel on Friday from a low of $70 amid escalating ...
1d
October Russian Urals oil prices trades $5/bbl above price cap as Brent rallies, calculations show
Urals crude oil have risen back above $65 a barrel at Russian Baltic and Black Sea ports, or $5 higher than the price cap set ...
12h
Crude Check: More gains projected
Crude oil prices soared last week, with Brent futures up 9.2% to $78.1 and MCX futures up 11.3% to ₹6,339. Strong momentum ...
4d
Brent Crude - Oil Slides 2% In European Trade Before A Recovery, OPEC+ Meeting Next
Oil prices fell by 2.4% in early European trade, possibly due to demand concerns and rebalancing. Click to read.
In Depth
3d
In Depth
Exclusive: Brent oil traders use little known rule to reroute US cargoes
Big energy merchants trading oil cargoes that form the basis of the Brent benchmark have used an obscure clause to reroute ...
3d
on MSN
Saudi minister says crude prices could fall 33% if OPEC members don't stop pumping so much
Part of the issue is that members are not sticking to their pledged cuts. The Saudi minister called out Iraq, which surpassed ...
2d
on MSN
FTSE 100 Live 03 October: Tesco “in good shape” amid profit upgrade, Brent Crude near $75 a barrel
British Land has raised £301 million after it launched a share placing in order to finance the £441 million acquisition of ...
14h
on MSN
Oil soars 10% in five days, logs biggest weekly gain in one year over Israel-Iran war; Brent sits at $78/bbl
Oil prices rose on Friday and settled with their biggest weekly gains in over a year on the mounting threat of a region-wide ...
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Related topics
Middle East
Iran
Israel
West Texas Intermediate
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