oil
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Oil hits seven-year highs as US storm heightens supply concerns | The Express Tribune
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[ad_1] LONDON: Oil prices reached seven-year highs on Friday as geopolitical tensions and a winter storm in the United States fuelled concerns over supply disruptions. Brent crude rose $1.29, or 1.4%, to $92.40 a barrel by 1100 GMT, having earlier touched its highest since October 2014 at $92.66. US West Texas Intermediate crude rose $1.36,…
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Oil prices take a breather, OPEC+ sticks to output plans | The Express Tribune
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[ad_1] LONDON: Oil prices fell on Thursday amid profit-taking, but remained underpinned by tight supply as OPEC+ producers stuck to planned moderate output increases. Brent crude was down $0.52, or 0.5%, at $88.95 a barrel at 1450 GMT, after rising $0.31 on Wednesday. US West Texas Intermediate crude was down $0.53, or 0.6%, at $87.73…
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Oil sales surge 20% to 1.8m tons in January 2022 | The Express Tribune
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[ad_1] KARACHI: The demand for petroleum oil products remained robust despite the uptrend in prices, as wheat harvesting, power generation through oil-fired plants and building of domestic reserves in anticipation of a further hike in international prices generated strong demand in January. Besides, healthy industrial activities and growing car numbers on roads also contributed to…
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Oil dips below $89, eyeing faster OPEC+ hike | The Express Tribune
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[ad_1] LONDON: Oil slipped on Tuesday, staying close to a seven-year high, weighed by speculation OPEC+ could go further than expected to add supply at a meeting this week and expectations of a rise in US inventories. While the Organisation of the Petroleum Exporting Countries and allies, known as OPEC+, has been expected to maintain…
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Oil rises on geopolitical risks, supply shortage | The Express Tribune
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[ad_1] LONDON: Oil rose on Monday as a supply shortage and political tensions in Eastern Europe and the Middle East put prices on track for their biggest monthly gain in almost a year. Brent crude had risen $0.87, or 1%, to $90.90 a barrel by 1228 GMT. The front-month contract for March delivery expires later…
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Oil hits over 7-year high | The Express Tribune
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[ad_1] BENGALURU: Oil prices extended gains to their highest levels in over seven years on Friday as ongoing global political turmoil fanned concerns over tight supply. The benchmark contracts are on track for their sixth straight weekly rise, the longest run of gains since October. Brent futures rose $1.25, or 1.4%, to $90.59 a barrel…
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Oil heads for sixth weekly gain amid supply concerns | The Express Tribune
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[ad_1] LONDON,: Oil prices rose on Friday, heading towards a sixth consecutive weekly gain, as geopolitical tensions continue to raise supply concerns. Brent crude futures were up $0.63, or 0.7%, at $89.97 a barrel by 1013 GMT, having hit $91.04 on Thursday for their highest since October 2014. US West Texas Intermediate (WTI) crude futures…
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Oil holds 7-year high as Russia tensions offset Fed tightening | The Express Tribune
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[ad_1] NEW YORK: Oil prices steadied on Thursday, after Brent crude earlier hit a seven-year high above $90 a barrel, as the market continued to balance concerns about tight worldwide supply with expectations that the US Federal Reserve will soon tighten monetary policy. Global benchmark Brent rose $0.15 to $90.11 a barrel by 11:40 AM…
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Oil at seven-year high as Ukraine crisis overshadows Fed | The Express Tribune
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[ad_1] LONDON: Oil extended gains to seven-year highs above $90 a barrel on Thursday as the Ukraine crisis outweighed signs that the US Federal Reserve will tighten monetary policy. Brent crude futures were up $0. cents, or 1%, at $90.85 a barrel by 1217 GMT. US West Texas Intermediate (WTI) crude futures were up $0.87,…
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Oil hits highest since 2014 on Russia-Ukraine tension | The Express Tribune
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[ad_1] LONDON: Oil rose to a seven-year high close to $90 a barrel on Wednesday, supported by tight supply and geopolitical tensions in Europe and the Middle East that raise concerns about further disruption. US President Joe Biden said on Tuesday he would consider personal sanctions on President Vladimir Putin if Russia invades Ukraine. On…
