Oil Price Gains 2%, Rises To $85/Barrel   The global benchmark for crude oil, Brent Crude, has risen by 2.5 per cent and traded above $85 on Tuesday as a result of expectations that China might ease its COVID-19 restrictions. Oil market updates by oilprice.com showed that...

Crude Oil Price Drops To $86 Per Barrel     Brent, the global benchmark for crude, dropped in price on Sunday as virtually all oil grades witnessed reduced prices on the first day of the week despite efforts by the Organisation of Petroleum Exporting Countries (OPEC) to...

Oil Prices Plunge To $95 On Prospect Of Iran’s Nuclear Deal   Oil prices plunged yesterday amid a considerable progression in restoring Iran’s 2015 nuclear deal with world powers. Brent crude futures, the global oil benchmark, fell $1.3 per cent to $95.31 a barrel. US West Texas Intermediate,...

OPEC+ Set To Meet Today As Oil Prices Recover   Oil prices recovered after a turbulent session as traders counted down to the Organisation of Petroleum Exporting Countries and allies (OPEC+) meeting which is set to hold today over September supply. West Texas Intermediate futures climbed more...

Oil Prices Could Hit $380 Per Barrel, JP Morgan Warns   The price of oil may rise to an all-time high of $380 per barrel if the United States and European sanctions lead Russia to reduce its crude supply in retaliation. This was disclosed by JPMorgan analysts...

Oil Prices Rebound, Now $107.91/Barrel   Oil prices rebounded on Wednesday as a drop in U.S. oil inventories and concerns over tighter supplies from Russia and Libya drove a recovery from the previous session’s sharp losses. Brent crude LCOc1 futures rose 65 cents, or 0.6%, to $107.90...