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Oil prices hover near 4-month highs
Oil prices hover near 4-month highs as Russia sanctions stay in focus
Oil prices paused their rally on Tuesday, but remained near four-month highs, with the market's attention focused on the impact of new U.S. sanctions on Russian oil exports to key buyers India and China.
Oil ends lower after a 3-day rally lifted prices to their highest since August
Oil futures pulled back Tuesday, giving back some ground after a three-day rally driven in part by a new round of U.S. sanctions on Russia’s oil industry.
Oil Prices Jump to 4-Month High on Fresh U.S. Sanctions
New US sanctions targeting Russia's oil industry, including Gazprom and the "shadow fleet", have pushed oil prices higher and forced Asian buyers to seek alternative sources.
Oil prices climb 2% to 4-month high with sanctions expected to disrupt Russian supplies
Oil prices climbed about 2% to a four-month high on Monday on expectations that wider U.S. sanctions on Russian oil would force buyers in India and China to seek other suppliers.
Crude oil spikes most in three months as new Russia oil sanctions 'taken more seriously'
Oil prices surge to three-month highs as U.S. broadens sanctions on Russian oil and winter weather lifts demand for heating fuels.
Oil Eases as Market Weighs U.S. Sanctions on Russia
Oil eased slightly in early trade after rallying to a multi-month high as the market weighs the impact of U.S. sanctions on Russian supplies.
Oil prices remain near 4-month highs as Russia sanctions weighed
Oil prices eased on Tuesday but remained near four-month highs as the impact of fresh U.S. sanctions on Russian oil remained the market's key focus. Brent futures slipped 28 cents, or 0.4%, to $80.73 a barrel by 0400 GMT,
See more as crude oil prices rise to highest level in 4 months
Good news for the administration of president Tinubu as oil prices rises to highest level in the last four month giving hope for more revenue for government.
17h
on MSN
Oil Prices Are on a Tear. It’s a Short-Term Headache for Inflation.
Consumers are likely to see higher prices on gasoline front-loaded in the first half of 2025 and then see a slowdown start to ...
Crude Oil Prices
1d
Big Oil’s Profit Warnings Bode Ill For Trump’s Drilling Bonanza
Upstream President Liam Mallon recently dismissed the notion that U.S. producers will dramatically increase output under a ...
4d
Why Oil Has Hit A 3-Month High With Brent Touching $80
On Friday, crude oil futures rose to price levels last seen in October 2024. What are the reasons behind the uptick in prices ...
6h
on MSN
Low Oil Stocks at Cushing, Okla. Have Outsized Influence on Near-Term Crude Prices
Further near-term declines in Cushing stocks would likely put more upward pressure on crude spread — the difference between ...
1h
on MSN
Trump Tariff Threat Starts to Ripple Through Canadian Oil Sector
US President-elect Donald Trump’s vow to impose 25% tariffs on imports from Canada — a threat that has been looming for more than a month — is finally starting to disrupt Canada’s oil industry.
ABP Live on MSN
1d
Oil Prices Rally To Highest Level In Over Three Months, Rupee Crashes To All-Time Low
Earlier on Friday, the US Treasury levied sanctions on Russian oil producers Gazprom Neft and Surgutneftegas, and imposed ...
6d
on MSN
Oil prices settle lower as U.S. crude supplies fall but product stocks rise
Oil futures settled with a loss on Wednesday after the U.S. Energy Information Administration reported that commercial crude ...
3h
on MSN
Oil prices slip on US energy demand forecast
Oil prices slipped on Tuesday after a U.S. government agency forecast steady U.S. oil demand in 2025 while lifting its ...
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