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1511 ET – Oil futures post back-to-back gains on a series of supply risks that offset concerns about OPEC+ plans for higher output. “Multiple factors have conspired to push the barrel higher ...
Even though it ended Tuesday’s session lower, Brent crude, the global gauge of oil prices, is near its highest level in three years and traded above $80 a barrel early in the day.
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Geopolitical tensions ease, lifting oil prices over 1 per cent - MSNBrent crude futures were up 99 cents, or 1.5 per cent, at $68.13 a barrel at 0902 GMT, while US West Texas Intermediate (WTI) crude gained 94 cents, or 1.5 per cent, to $65.31.
Oil futures edge lower in a muted reaction to OPEC+ pushing back plans to raise production until April, and stretching the eventual unwinding of 2.2 million barrels a day in voluntary cuts over 18 ...
Oil prices settled more than 3% higher on Monday, with Brent surpassing $80 per barrel for the first time since August as the increased risk of a region-wide Middle East war jolted investors out ...
By Myra P. Saefong Oil prices could rise by $15 a barrel if all of Iran's output is interrupted: analyst Oil traders know the all-too-familiar drill: Heightened tensions in the Middle East have ...
If Iran, one of the world’s largest oil producers, gets directly involved, however, a return to prices of more than $100 a barrel may soon follow.
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