Oil Prices Surge Ahead of OPEC+ Meeting, Easing Debt Ceiling Concerns

[ad_1] Last Updated: June 02, 2023, 01:43 IST New York, United States of America (USA) Brent crude futures settled at $74.28 a barrel, up by $1.68, or 2.3%, to $74.65 a barrel, their biggest daily gains since May 17. (Image: Reuters File) U.S. West Texas Intermediate crude (WTI) rose $2.01, or 3%, to settle at … Read more

Oil Prices Rise on Prospects of Debt Ceiling Deal and Supply Conflict

[ad_1] Last Updated: May 26, 2023, 23:44 IST New York, United States of America (USA) Benchmarks had settled more than $2 per barrel lower on Thursday after Russian Deputy Prime Minister Alexander Novak played down the prospect of further OPEC+ production cuts. (Image: Reuters File) Brent crude was up 39 cents, or 0.5%, at $76.66 … Read more

Oil Prices Surge Over 1% on US Crude Inventories Drawdown, OPEC+ Production Cut Prospects

[ad_1] Last Updated: May 24, 2023, 23:55 IST The U.S. Memorial Day holiday on May 29 marks the beginning of the peak summer travel season and higher fuel demand. (Image: Reuters File) Brent crude futures rose 90 cents, or 1.2%, to $77.74 a barrel by 12:29 p.m. EDT (1629 GMT) Oil prices rose over 1% … Read more