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Oil Price Today (June 23): Crude oil near $78 per barrel as investors track flows through Hormuz. What’s next?

Brent crude futures rose 24 cents, or 0.38%, to $78.15 a barrel, while U.S. West Texas Intermediate gained 33 cents, or 0.46%, to $74.19 a barrel as of 0026 GMT.

UBS slash oil price forecasts sharply, Q3 down $25. Oil recap - Doha encouragement.

Thin, holiday-thinned trade left both benchmarks confined to tight ranges, with the market's attention pivoting from supply loss to how much crude will return to circulation now th...

Oil is little changed as Persian Gulf flows near pre-war levels

Brent futures traded just above $72 a barrel, while West Texas Intermediate was below $69, with volumes depressed due to the US Independence Day holiday

Crude oil extends decline on prospects of increased Middle East supply

Crude oil futures edge lower as markets await clarity on US-Iran peace talks

At 9:33 am on Tuesday, September Brent oil futures were at $73.66, down 0.34%, while August WTI crude oil futures were at $70.41, down 0.48%

Crude oil trades lower as US and Iran conclude indirect talks

At 10:02 am on Thursday, Brent oil futures were at $70.83, down 1.03%, while WTI crude oil futures were at $67.84, down 1.08%

Crude oil futures settle at $71.92, but remains below key MA targets

Crude oil futures are settling at $71.92, up $1.58, or 2.25%, as prices continue to recover from the sharp selloff seen earlier this week.Recall that the decline this week pushed c...

US crude futures fall over 2%

ADNOC considers new crude pricing system tied to Dubai benchmark

(World Oil) –  The UAE’s biggest oil company is proposing a new pricing methodology for the sale of crude supplies to […]

ADNOC proposes shift to Dubai benchmark for offshore crude pricing

ADNOC's pricing shift could reshape regional oil market dynamics, introducing uncertainty and potential shifts in supply and competitiveness. The post ADNOC proposes shift to Dubai...

Brent crude futures rise 3.58 percent at settle

69 million barrels of Oman Crude traded in a week

Dubai: Gulf Mercantile Exchange (GME) today announced the highest weekly trading volume in the history of the exchange, with more than 69052 contracts traded during the week of 11....

Crude oil futures settle at $70.34. Stays below the 200 day MA.

Crude oil futures are settling down 3.92% at $70.34, extending the recent slide in prices. During the session, crude fell below the $70.00 level for the first time since the start...

Crude oil futures rise following US-Iran attacks in West Asia

At 10 am on Monday, September Brent oil futures were at $73.27, up 0.92%, while August WTI crude oil futures were at $70.05, up 1.18%

Brent could top $130 if strait never fully reopens, Goldman warns

Goldman's base case of Brent at $80 by year-end and $75 in 2027 suggests limited further downside from current levels, with the bank arguing the market has largely priced the recov...

Oil Prices Near Prewar Levels

Brent crude, the international standard, was down 0.2% to $73.70 a barrel. The U.S. and Iran continue to negotiate a possible end to their war.

Crude oil prices tumble over 4% on hopes of US-Iran breakthrough

Reports suggesting progress toward reopening the Strait of Hormuz, a critical global oil shipping route, eased fears of supply disruptions and triggered a sharp selloff in oil futu...

Crude oil prices tumble over 4% on hopes of US-Iran breakthrough

Reports suggesting progress toward reopening the Strait of Hormuz, a critical global oil shipping route, eased fears of supply disruptions and triggered a sharp selloff in oil futu...

JP Morgan cuts Brent forecast to $78 year-end as demand miss and inventory lag bite

A year-end Brent target of $78 from JP Morgan suggest a directional anchor for the market, reinforcing the bearish H2 drift that has been building in consensus since the Iran cease...

Crude oil is moving to new lows and tilting the technical bias more to the downside

Markets appear to be disconnecting from some of the traditional risk drivers today. Both the NASDAQ and S&P 500 have surrendered earlier gains and slipped into negative territo...

Crude oil settles the day/week at $69.23

Crude oil futures settled at $69.23, down $2.69 (-3.74%) on the day. For the week, prices fell nearly 8.5%, adding to losses of 10.4% the prior week and 6.6% the week before that....

Crude oil futures rise on cautious optimism over US-Iran peace talks

The oil market is on course for its fourth consecutive week of decline as flows through the Strait of Hormuz continue to normalise, a commodities report said

Crude oil futures settled at $76.05

Crude oil futures are settling at $76.05 - its lowest close since March 3. The futures settled down $4.70 or -5.82%. Technically, the settled price is now within $1.57 of it 200 da...

Crude Oil Futures Jump Nearly 6 Pc To Rs 7,198/Barrel As US-Iran Conflict Fuel Supply Fears

New Delhi : Crude oil futures jumped Rs 384 to Rs 7,198 per barrel on Monday as renewed military confrontation between the US and Iran reignited fears of supply disruptions through...