[ad_1] Peter McGuire, CEO of XM Australia, expects Brent crude to reach $80 per barrel and WTI to potentially test $75. He highlighted that geopolitical risks, particularly Russia’s actions in Ukraine is a key driver of the rising oil prices. Oil prices hovered near two-week highs on November 25 after gaining 6% last week, as […]
Oil advances on rising geopolitical tensions from Iran, Russia – CNBC TV18
[ad_1] Oil rose as geopolitical tensions from Russia to Iran ratcheted higher while strength in equity markets increased the appeal of risk assets. West Texas Intermediate climbed more than 1% to settle above $71 a barrel, an increase of more than 6% for the week, while Brent settled above $75 for the first time since […]
Oil nudges up on escalating Ukraine war, signs of improving China demand – CNBC TV18
[ad_1] Oil edged up on Wednesday amid an escalation in the Ukraine war and signs of growing Chinese crude imports, while rising U.S. crude stocks checked overall price gains. Brent crude futures gained 9 cents, or 0.1%, to $73.40 a barrel by 0003 GMT. U.S. West Texas Intermediate crude futures rose 14 cents, or 0.2%, […]
Iran attacks Israel: Oil bears tested as Iran attack brings back war risk premium – CNBC TV18
[ad_1] Iran’s missile attack on Israel is testing widely held bearish views on oil prices, with the strike raising concerns over potential supply disruptions from the Middle East should tensions increase further. Prime Minister Benjamin Netanyahu has threatened to retaliate to the barrage, and there’s a risk that could spur a tit-for-tat escalation. Brent crude […]