Opec

Oil settles little changed, supply worries persist despite large US crude stock build

[HOUSTON] Oil prices settled largely unchanged on Wednesday as a much larger-than-expected US crude stock build did not do much to calm jitters about the threat to oil supply from potential military c...

Brent futures settled at US$70.77 per barrel, down 72 cents or 1 per cent on Tuesday.

Oil prices ease as Iran says prepared to take steps to reach deal with US

[NEW YORK] Oil prices closed down 1 per cent on Tuesday after Iran said it was prepared to take any necessary steps to clinch a deal with the US ahead of nuclear talks later this week.

West Texas Intermediate was little changed to settle near US$66 a barrel, after jumping almost 6 per cent last week.

Oil fluctuates with US-Iran nuclear talks to resume this week

A potential war would put shipments at risk in the Strait of Hormuz

Brent crude futures settled US$1.31, or 1.9 per cent higher at US$71.66 a barrel, while US West Texas Intermediate crude settled US$1.24, or 1.9 per cent higher at US$66.43 on Thursday.

Oil closes at six-month high on US-Iran conflict worries

[NEW YORK] Oil prices rose around 2 per cent on Thursday to settle at their highest level in six months, as traders worried about escalating tensions between the United States and Iran, which have ste...

Brent crude futures settled up US$2.93, or 4.35 per cent, at US$70.35 a barrel on Wednesday.

Oil settles up 4% on Iran-US tensions, Russia-Ukraine talks end without breakthrough

[HOUSTON] Oil prices settled up by more than 4 per cent on Wednesday as traders priced in potential supply disruptions amid concerns of conflict between the US and Iran, and after talks between Ukrain...

Brent crude oil futures settled at US$67.52 a barrel, down US$1.88, or 2.71 per cent on Thursday.

Oil prices fall on supply forecast, easing risk

[HOUSTON] Oil prices dropped on Thursday due to falling demand, retreating fears of renewed Middle East conflict and expected increases in supply.

Brent crude oil futures settled 60 cents, or 0.87 per cent, higher at US$69.40 a barrel on Wednesday.

Oil up 1% as Middle East tension offsets large US crude stocks build

[NEW YORK] Oil prices gained about 1 per cent on Wednesday, as investors worried about escalating tensions between Iran and the US, which were preparing to resume negotiations, while a weekly report s...

Brent futures fell 24 cents, or 0.3 per cent, to settle at US$68.80 a barrel on Tuesday.

Oil prices steady as Iran-US tensions and US data eyed

[NEW YORK] Oil prices were little changed on Tuesday as the market waited for direction from news on diplomatic relations between the US and Iran, efforts to end Russia’s war in Ukraine and data on th...

Brent crude oil futures settled up 99 cents, or 1.5 per cent, at US$69.04 a barrel on Monday.

Oil settles up more than 1% after US urges caution for vessels near Iran

[NEW YORK] Oil prices settled more than 1 per cent higher on Monday after the US Department of Transportation issued an advisory to US-flagged vessels to stay as far as possible from Iranian territory...

Brent crude futures fell 49 cents, or 0.72 per cent, to US$67.56 a barrel by 0134 GMT on Monday.

Oil drops as US, Iran pledge to continue talks

[SINGAPORE] Oil prices fell on Monday after the US and Iran pledged to continue talks over the Middle Eastern producer’s nuclear programme, easing concerns about a possible conflict that could disrupt...