Oil prices are finding a floor near $76, backed by the OPEC statement being released after the meeting earlier this Thursday. A panel of OPEC+ members said no policy changes are foreseen for now, while the US has reportedly hit a six-month high in
Oil prices are seeing a pickup in volatility on Wednesday, jumping towards the $80 psychological level, as the US said it stands ready to issue new sanctions against the Venezuelan Oil industry. With this move, The US appears to be leveraging
Oil prices are in the red near 1% with the US Department of Defense issuing statements at the start of the US trading session that it does not seek broader conflict in the Red Sea region. Prices were shooting higher during the Asian session with
Oil prices are paring back earlier gains after Oil prices surged near 6% since its opening price on Monday for this week. The upmove came after more and more shipping companies called for the longer haul around Africa instead of venturing the Suez