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Tag: energy markets

Oil prices
World
  • Web Desk
  • Aug 10, 2024
Crude oil prices climb over 3.5 per cent on Fed rate cut hopes

Oil prices ended higher on Friday, marking a weekly gain of over 3.5 per cent as encouraging economic data and indications from Federal Reserve policymakers about possible interest rate cuts in September alleviated concerns about demand.

Oil prices
Business
  • Web Desk
  • May 29, 2024
Global oil prices surge to four-week high

Oil prices surged to a four-week high on Wednesday, driven by anticipation of major producers extending output cuts during an upcoming meeting and the projected uptick in fuel consumption as the peak summer demand period commences.

Global oil prices
World
  • Web Desk
  • Apr 05, 2024
Global oil prices surge amid geopolitical tensions

Global oil prices continued their upward trend on Friday, driven by geopolitical tensions and production cuts.

Global oil prices
World
  • Web Desk
  • Jan 26, 2024
Oil prices surge as US crude stockpiles plummet beyond forecasts

Oil prices experienced a surge following the release of data revealing a more substantial-than-anticipated decline in US crude stockpiles.

Global oil prices
World
  • Web Desk
  • Jan 17, 2024
Global oil prices surge amid escalating Middle East tensions

Oil prices experienced an increase, with investors closely monitoring the implications of escalating tensions in the Middle East.

Global oil prices
Business
  • Web Desk
  • Jan 13, 2024
Global oil prices surge 3% amidst US, UK strikes following Houthi attacks

Oil prices surged by approximately 3 per cent on Friday, driven by the redirection of some oil tankers in the Red Sea.

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