Browsing: WTI

Global oil prices fell as Brent crude dropped over 4%, with WTI lower and energy markets tracking Hormuz shipping and U.S. inventory data.

Gold edged higher as a weaker U.S. dollar supported bullion, while firm oil prices and sticky inflation kept gains capped in global trade.

U.S. oil prices rose after renewed U.S.-Iran fighting near the Strait of Hormuz revived supply worries and ended a three-session slide.

Oil futures rose as U.S.-Iran tensions and Strait of Hormuz disruptions lifted risk premiums, while a large EIA inventory draw added support.

Oil prices dropped as insider reports revealed OPEC+ might increase production in October, countering Libya’s significant output losses.

The ongoing geopolitical tensions between Israel and Hezbollah, with potential Iranian involvement, could drive oil prices to $90 per barrel.