Oil Prices

Commission Hike To Petrol Pump Dealers Will Decrease In Oil Prices, Know How

On Dhanteras, October 29, Oil Marketing Companies (OMCs) announced an increase in dealer commissions for petrol pump operators, a move that is expected to lead to reduced petrol and diesel prices in various regions. The change includes adjustments in inter-state freight charges to help lower costs for consumers in remote...

Oil Prices likely To Fall After Israel Shows Restraint In Strikes On Iran

Brent and U.S. West Texas Intermediate (WTI) crude futures experienced a 4% increase last week amid fluctuating market conditions, as investors weighed the uncertainty surrounding Israel’s response to the Iranian missile attack on October 1, along with the upcoming U.S. elections. Israeli jets carried out three waves of strikes early...

Oil Prices Surge As U.S. Discusses Potential Israeli Action Against Iran

President Joe Biden confirmed that the U.S. is in talks with Israel regarding the possibility of strikes on Iran's oil infrastructure. When asked about his support for such actions, Biden stated: "We're discussing that. I think that would be a little... anyway." This comes in light of his previous statements...

Oil Prices Rise Amid Growing Concerns About Potential Supply Disruptions

Oil prices rose slightly on Monday amid growing concerns about potential supply disruptions from the Middle East following Israel's intensified attacks on Iranian-backed forces. Brent crude futures for November delivery climbed by 16 cents, or 0.22%, reaching $72.14 a barrel as of 0043 GMT. This contract expires on Monday, while...

Gulf Stock Markets Decline Amid Weaker Oil Prices and U.S. Inflation Concerns

Gulf stock markets closed mostly lower on Wednesday, driven by weaker oil prices and investor caution ahead of key U.S. inflation data. The data, expected to influence a potential interest rate cut from the Federal Reserve, kept traders on edge. Oil Prices Pressure Gulf Markets Oil prices have been a...

Oil Prices Drop As Middle East Conflict Diminishes

Brent and U.S. crude oil futures declined on Tuesday as the market assessed a reduced likelihood of an expanded conflict in the Middle East, with Iran yet to follow through on its threats to retaliate against Israel for the assassination of a Hamas official in Tehran. As of 12:48 p.m....