Tag Archives: WTI Crude

Oil Prices Surge Amid Middle East Tensions and Supply Concerns Oil Prices Rise on Supply Fears On Thursday, oil prices  surge  as investors became increasingly concerned that the intensifying conflict in the Middle East could severely disrupt the flow of crude oil from the region. By 11:36 a.m. EDT, Brent crude futures surged $2.82 (3.82%), reaching $76.72 per barrel, while …

Oil prices saw a slight decline on Wednesday after an unexpected rise in US crude inventories and a reduction in concerns over potential disruptions in the Middle East. Market Movement Brent Crude Futures: Fell by 41 cents (0.5%), reaching $80.28 per barrel by 1436 GMT. US West Texas Intermediate (WTI) Crude Futures: Dropped by 55 cents (0.7%), settling at $77.77 …