Oil rises on Middle East attacks and supply risks
Oil prices are on track for a weekly gain as escalating attacks in the Middle East keep a geopolitical risk premium in place. The piece says Brent is around $104 a barrel and WTI near $92.
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Oil futures jump on Gulf shipping and Iran strike fears
Oil futures rose sharply as concerns intensified over renewed strikes on Iran, attacks on shipping in the Gulf and production shut-ins ahead of Tropical Storm Isaias. WTI was up 4.7% at $92.46 a barrel and Brent gained 4.5% to $104.76.
Copper dips 0.25% on LME as dollar rises and oil prices firm
Three-month LME copper was down 0.25% at $14,379 a tonne by 0300 GMT, pressured by a firmer US dollar and higher oil prices.
Gasoline Rises for Second Day
US gasoline futures rose above $3.30 per gallon, gaining for the second straight session, as a storm in the Gulf of Mexico threatened to disrupt refinery operations. Refineries in US Gulf states account for about half of US refining capacity, which stands at 18.2 million barrels per day. Meanwhile, continued attacks in
Crude Oil Rises as Mideast Risks Remain
Crude oil climbed toward $90 per barrel on Wednesday, recovering from five-week lows as persistent risks to Middle East energy flows overshadowed signs of rising supply from the region. Iran has intensified attacks on tankers in the Strait of Hormuz in recent days, with the UK Maritime Trade Operations reporting nine i
MNI EUROPEAN MARKETS ANALYSIS: USD Supported Despite Lower Oil
* Oil has continued to trend lower during Wednesday's APAC session as talks continue on the sidelines of this week's UN gathering. The fact negotiations are even taking place to facilitate Middle East energy shipments is driving optimism in markets but the situation remains very precarious. UST futures are higher, but
Global diesel prices hit record highs; more gains possible
Diesel prices have rallied in Europe and the United States to record highs amid war-related export cuts from major producers including Russia, Saudi Arabia, and the United Arab Emirates, with little options cited to prevent further rises.
WTI rises as U.S.-Iran conflict escalates amid tanker strikes
WTI crude oil futures rose in early Asian trade as the U.S.-Iran conflict escalated, with the U.S. saying it struck three Iranian oil tankers after Iran launched ballistic missiles toward two Navy warships.
Brent rises toward $91 as Middle East supply risks persist
Brent crude climbed toward $91 per barrel on Tuesday, extending the prior session’s gains. Renewed US-Iran hostilities raised concerns for energy flows, while Hormuz shipping risks and Russia refinery strikes added pressure via tighter refining capacity.