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Oil climbs as Gaza tensions rise, KSA hikes prices - Markets

HOUSTON: Oil futures rose on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect. ....

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Oil prices drop as reports say Israel and Hamas could soon head for cease-fire talks

Oil prices dropped Monday. Israel and Hamas could meet in Cairo for talks as soon as Tuesday, The New York Times reported. ....

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Oil prices decline amid Israel-Hamas peace talks, Fed rate cut expectations

Brent crude futures for June, set to expire on Tuesday, fell by $1.25, or 1.4%, to $88.25 a barrel as of 11:13 a.m. EDT (1513 GMT). ....

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Oil prices fall more than 1% as Iran-Israel tensions ease

Oil prices fell by more than 1% on Monday, as the market focus switched to fundamentals after Israel and Iran played down the risk of an escalation of hostilities following Israel's apparently small strike on Iran. The front-month U.S. West Texas Intermediate (WTI) crude contract for May, which expires on Monday, fell 97 cents, or 1.2%, to $82.17 a barrel, while the more active June contract dropped $1.23 to $80.99 a barrel. "Brent crude prices failed to retain their initial surge, with broad expectations that geopolitical tensions between Israel and Iran may fizzle off given Iran's tamed response," said Yeap Jun Rong, market strategist at IG. ....

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Oil traders stay bullish as Brent hovers at $90: 'Crude to stay elevated even if Middle East tensions cool down'

Crude price outlook: Morgan Stanley hiked its Q3 Brent crude outlook by $4 to $94 over geopolitical conflicts, while other analysts see a supply deficit of one million barrels per day in 2024 due to the prevailing OPEC cuts. ....

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