Global oil benchmarks spiked following reported maritime attacks on oil tankers in the Red Sea and regional supply fears.
Tag: Brent crude
Global Oil Prices Ease as US-Iran Diplomatic Talks Signal Progress Toward Resuming Shipping
Brent crude declined as reports of renewed US-Iran diplomatic contacts in Doha raised hopes for restored Strait of Hormuz traffic after weeks of disruption.
Brent crude and DXY advance on geopolitical concerns; European equities slip
Global oil prices rose as maritime attacks in the Middle East sparked energy supply concerns.
Brent Crude at 110 Dollars Per Barrel as Hormuz Tension Sustains Oil Price Shock
Brent crude oil traded at around 110 dollars a barrel as the Strait of Hormuz blockade continued to constrict global oil supply.
RBI Inflation Outlook Spikes to 5.1 Percent on Crude Oil Surge Driven by West Asia Tensions
The Reserve Bank of India raised its inflation projection to 5.1 percent from 4.6 percent as Brent crude oil hit 110 dollars per barrel.