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Keywords: Brent crude
Oil prices extended their gains for a fourth consecutive session on Wednesday as escalating geopolitical tensions in the Gulf raised concerns about further disruptions to regional energy supplies. At around 09:42 Moscow time, October futures for US West Texas Intermediate crude were up 1.37% at $94.30......
Goldman Sachs has raised its oil price forecasts for 2026 and 2027, citing the possibility that disruptions to shipping and energy supplies in the Middle East could continue into next year. The investment bank now expects Brent crude to reach $85 a barrel in December 2026, while US West Texas Intermediate......
Goldman Sachs has warned that crude oil prices could surge to as much as $120 a barrel if attacks on commercial vessels in the Middle East intensify, highlighting the growing risks facing global energy markets amid mounting geopolitical tensions. Dan Struyven, co-head of Global Commodities Research......
Global energy markets could be heading toward another period of pressure, with refined fuels emerging as a greater concern than crude oil prices, according to veteran market strategist Jeff Currie. Speaking to CNBC, Currie, chief strategy officer at Altis Partners, argued that consumers are ultimately......
Oil prices continued to rise in Asian trading on Wednesday as investors assessed the prospect of a prolonged shutdown of the Strait of Hormuz amid an unresolved standoff between Iran and the United States. The strategic waterway has become a major source of uncertainty for energy markets. With no clear......
Oil prices climbed sharply on Tuesday as financial markets reacted to the continued disruption in the Strait of Hormuz and the absence of progress between Iran and the United States. The latest move pushed the benchmark Brent contract briefly above the $90-a-barrel threshold, highlighting renewed concerns......
Global oil prices declined sharply during early Asian trading after diplomatic developments suggested a possible easing of tensions surrounding the Strait of Hormuz, one of the world's most strategically important maritime routes for energy shipments. The market reaction reflected growing optimism......
Global oil prices fell sharply on Monday after the United States and Iran announced plans to resume negotiations aimed at reducing tensions in the Middle East, easing fears of major disruptions to global energy supplies. The prospect of renewed diplomacy prompted investors to reassess geopolitical risks......
Oil prices fell sharply in Asian trading on Monday, dropping by more than 5% as investors reacted positively to the absence of new US strikes against Iran and renewed hopes that diplomatic talks could help ease tensions between Washington and Tehran. After around 30 minutes of trading, Brent crude,......