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Oil's bumpy start in 2024 has turned into a steady climb in recent weeks, with futures for West Texas Intermediate and Brent up more than 9% and 7% year to date, respectively.
Why oil prices are rising. West Texas Intermediate and Brent crude futures have rallied more than 25% since late June.Output cuts are putting a squeeze on the oil market, despite China’s slower ...
Citi's bull case for oil hinges on conditions deteriorating sharply in the Middle East as tensions keep rising between ... The bank said oil prices could go as high as $120 per barrel in the first ...
In recent days, the price of a barrel of U.S. benchmark crude oil hit a seven-year high — $87 a barrel, a dizzying jump of about 36% since Dec. 1. Because oil has a direct effect on the prices ...
"If Iranian production was interrupted, there could be a rise in global prices of up to $30 per barrel," Jay Hatfield, CEO at Infrastructure Capital Advisors, told Yahoo Finance.
In a worst-case scenario where Iran gets involved and the global market loses 3 million barrels of oil per day produced there, oil prices could rise as high as $115 per barrel, Hatfield warned.
Global oil prices have gained more than 16% since late June and are heading for their fifth-straight week of gains, the longest rally since before Russia’s full-scale invasion of Ukraine upended ...
Oil extended gains to hit a five-month high on Monday as worries grew over supply disruptions impacting big importers China and India following wide-ranging sanctions against Russian crude.