Oil Prices Surge 2.7% After U.S. Strikes on Iran’s Nuclear Sites
Key Developments at a Glance Indicator Status WTI Crude Oil Prices Surge Up 2.7% intraday to around $74/barrel Strait of Hormuz Oil Flow Carries ~20% of global oil trade Iran’s Parliament Vote Approved Strait closure; awaiting Security Council ratification Market...
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Rising U.S. Crude Oil Prices Amid Escalating Middle East Tensions
Market Snapshot – Key Oil Statistics Indicator Value WTI Crude Oil Price Approx. $73.8 per barrel Price Trend Third consecutive week of gains Iranian Oil Exports 2.2 million barrels per day (highest in 5 weeks) U.S. Oil Inventory Largest weekly...
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Brent Oil Volatility Amid Easing Iran-Israel Crisis
On Monday, Brent crude oil futures stabilized around $74 per barrel, after a sharp 7% surge on Friday and an early 5.5% jump on Monday. However, part of those gains were later erased as signs of reduced geopolitical risk between...
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Oil Prices Surge to Highest Level Since January
Oil Benchmark: WTI Crude Futures hit $75 per barrel, marking the highest level since January 2025. The global oil market experienced a sharp uptick this week as geopolitical tensions in the Middle East escalated dramatically. A pre-emptive Israeli strike on...
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WTI Crude Rises to $61.2 Amid Geopolitical Tensions
WTI crude rises as futures climbed to around $61.2 per barrel on Wednesday, partially recovering from the sharp drop seen the previous day. Reports indicate WTI crude rises due to various geopolitical tensions. This rebound was driven by concerns over...
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