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Oil prices climb over US$1 a barrel on supply risk

The Brent and US West Texas Intermediate crude oil benchmarks rose more than US$1 a barrel during trade on Friday as markets watched for signs of any direct conflict between Israel and Iran that could further tighten supplies. ....

United States , Texas Intermediate ,

Global freight acceleration will boost fuel prices

Global trade flows have showed signs of accelerating at the start of 2024, as the major industrial economies began to pull out of the slump that started in late 2022, which should boost demand for transport fuels such as diesel. ....

Red Sea , Djibouti General , South Korea , United States , John Kemp , Europe North America , Netherlands Bureau Of Economic Policy Analysis , North America , Netherlands Bureau , Economic Policy Analysis ,

Oil falls on US crude build, security threat worries

Oil futures sank by US$1 a barrel on Wednesday as surging US crude inventories pushed down prices and a possible security threat to the US that might dampen oil demand in the world's largest economy. ....

Israel General , Saudi Arabia , United States , Sakhalinskaya Oblast , Bob Yawger , Tamas Varga , Mohammed Shia Al Sudani , John Kilduff , Saudi Energy , Organization Of The Petroleum Exporting Countries Opec , Us Congress , Energy Information Administration , Texas Intermediate , Winter Storm Elliott , New York Based Again , Petroleum Exporting Countries , Iraqi Prime Minister Mohammed Shia , Saudi Energy Minister Prince Abdulaziz , Middle East ,

Oil settles down on more supply in US, abroad

Oil prices settled lower on Tuesday as traders focused on rebounding crude output in parts of the US, along with rising supply in Libya and Norway, rather than risks to supply posed by conflict in Europe and the Middle East. ....

Sankt Peterburg , United States , North Dakota , Sakhalinskaya Oblast , United Kingdom , Luga Baltic , John Kilduff , Bob Yawger , American Petroleum Institute , Mizuho Bank , Texas Intermediate , Again Capital , Norwegian Offshore Directorate , Ust Luga Baltic , Middle East ,

Oil eases on possible Angola output increase

Oil prices eased on Friday ahead of the long Christmas holiday weekend on expectations Angola could increase output after leaving Opec, but rose for the week on positive US economic news and worries Houthi ship attacks would boost supply costs. ....

United States , Texas Intermediate ,