Oil prices are on track for their first weekly decline of the year after U.S. President Donald Trump signalled intentions to pressure Saudi Arabia and OPEC to lower prices. West Texas Intermediate (WTI) crude fell toward $74 a barrel, marking a nearly 5% decline this week, while Brent crude closed near $78. Trump Targets Trade …
Oil prices dipped after an industry report indicated the first rise in U.S. crude stockpiles since mid-November. According to the American Petroleum Institute (API), U.S. crude inventories rose by 1 million barrels last week, while fuel stockpiles also surged. The report has raised anticipation for official government figures, which are expected later on Thursday. Price …
Oil prices rebounded slightly on Wednesday, January 15, 2025, after experiencing their sharpest decline in over a month, as US sanctions on Russian oil continued to disrupt markets and new data suggested a drop in US crude inventories. Also later in the day the Organisation of Petroleum Exporting Countries (OPEC) and the International Energy Agency …
On January 14, 2024, Oil prices are maintaining momentum near a five-month high as supply concerns deepen due to aggressive US sanctions and the possibility of trade tariffs under the incoming Trump administration. West Texas Intermediate (WTI) crude held steady near $79 a barrel after climbing over 6% in the last two trading sessions. Brent …
