Oil
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Brent inches up 0.5%, WTI up 0.6% Markets eye potential Israel-Hezbollah peace deal US crude inventories unexpectedly fall – API To come: US EIA weekly data at 1430 GMT Oct 30 (Reuters) – Oil prices held at one-month lows, after sliding in the previous two sessions, as markets weighed a potential ceasefire between Israel and […]
Oil dropped more than 1% on Wednesday as traders looked for signs of Middle East tensions easing and new data showed that US stockpiles surged. West Texas Intermediate (CL=F) dropped to settle at $70.77, while Brent (BZ=F), the international benchmark price to close at $74.96 a barrel. The latest government data showed crude inventories increased […]
By Laila Kearney and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices dipped on Wednesday after industry data showed U.S. crude inventories swelled more than expected, though declines were capped as the market watched diplomatic efforts in the Middle East after Israel continued attacks on Gaza and Lebanon. Brent crude futures dipped 20 cents, or 0.3%, to […]
(WO) — Black Gold Exploration Corp. has announced the addition of 822 acres to the package of oil, gas and mineral leases in Clay County and Vigo County, Indiana that are subject to its ongoing joint venture (JV) with LGX Energy Corp., bringing the total leased acreage to 911.9 acres. When originally announced […]
‘We’ve all accepted that the North Sea is declining,” says Roy, 70, a taxi driver working in Aberdeen for the past 20 years. “Over the years there have been a few huge market crashes but we always recover. This time, it’s a real decline.” Drive along the granite city’s Union Street and there are dozens of […]
By Nicole Jao NEW YORK (Reuters) -Oil prices slipped slightly on Thursday as investors waited on developments in the Middle East, while falling crude inventories in the United States provided some support. Brent crude futures were down 34 cents to $73.88 a barrel at 1:46 p.m. EDT (1746 GMT), while U.S. West Texas Intermediate crude […]
UNIFIL (United Nations Interim Force In Lebanon) armoured personnel carriers depart a base to patrol near the Lebanon- Israel border on October 5. Carl Court/Getty Images Over the past week, the UN said that the Israeli military fired on its peacekeepers, forcibly entered its base, stopped logistics and injured more than a dozen of its […]
CNN — Israeli officials, including Prime Minister Benjamin Netanyahu, have assured the United States that a counterstrike on Iran will be limited to military targets rather than oil or nuclear facilities, according to a person familiar with the discussions. President Joe Biden, who has conveyed in public his opposition to striking Tehran’s nuclear and oil […]
(Bloomberg) — Shares in Asia climbed after another strong performance on Wall Street, with stocks hitting fresh record highs. Oil dropped as concerns eased about Israel attacking Iranian energy facilities. Most Read from Bloomberg Benchmark indexes were up in Australia and Japan, and US futures advanced slightly. With earnings reports poised to drive US sentiment […]
Joe Biden has said the US is discussing with Israel the possibility of Israeli strikes on Iran’s oil infrastructure. When asked if he would support such strikes, Mr Biden said: “We’re discussing that. I think that would be a little… anyway.” His off-the-cuff remarks, made as he left the White House, did not make clear […]