Browsing: wti crude

Oil prices hit a two-week high after stalled U.S.-Iran talks and reduced Strait of Hormuz traffic tightened global crude supply for buyers.

Oil prices surged back above $100 after the United States ordered a blockade of Iranian ports, lifting Brent and WTI as markets reacted to Gulf shipping risks.

Dollar weakens broadly and yen jumps on intervention watch, lifting euro and sterling while markets track the Fed meeting and U.S. data.

Oil prices fell 1% amid weak economic data from the US and Germany, reversing recent gains driven by a weaker dollar and surging winter demand in the US.

Oil prices surged to multi-month highs as US crude stockpiles fell for the sixth straight week, boosting WTI and Brent amid tightening supplies and bullish technical trends.

Oil prices rose Wednesday after U.S. crude inventories fell, but gains were capped as the Federal Reserve hinted at slower rate cuts. A stronger dollar also tempered optimism.