Oil Futures Rise Amidst Tensions in Middle East
Oil futures experienced a rise on Tuesday as U.S. traders returned from a three-day weekend. The market closely monitored ongoing tensions in the Middle East, which have disrupted tanker traffic…
Oil Futures Rise Amid Geopolitical Tensions
Oil futures continued their upward trend on Wednesday, marking a third consecutive increase. The global benchmark climbed back above the $80 per barrel mark as traders closely monitored tensions in…
Oil Futures Make Modest Gain as Demand Outlook Worries Persist
Price Action West Texas Intermediate crude for December delivery rose 0.3% to $77.37 a barrel on the New York Mercantile Exchange. January Brent crude, the global benchmark, was up 0.3%…
Oil Futures Edge Higher after Recent Losses
Oil futures managed to gain some ground on Monday, recovering a small portion of the losses they experienced at the end of last week. Despite consistent headwinds and concerns over…
Energy Companies Feel Effects of Inflation, but Hold Steady
Shares of energy companies experienced a slight dip in the market, although not as significant as the overall decline. This sector is still considered a beneficiary amidst another wave of…
Oil Futures Rise on Supply Tightening Expectations
The oil futures market saw a positive trend on Friday, with benchmarks set to record a fourth consecutive weekly rise. Experts predict that the second half of 2023 will witness…