Oil prices were on track for weekly losses of roughly 3%, pressured by a stronger U.S. dollar and worries about global demand growth. Brent crude and WTI were both down 0.6% at $72.48 and $68.97 a ...

Read More »

Brent Oil under pressure again: USD and China in focus

This week, the US Federal Reserve signalled a measured approach to reducing borrowing costs in 2025, sending the US dollar to a two-year high. The dollar’s strength has raised concerns about a ...

Read More »

Crude Oil Prices Slump as Stronger US Dollar Pressures Energy Markets

Crude oil prices edged lower with NYMEX WTI closing below $70/bbl while ICE (NYSE:ICE) Brent settled below $73/bbl yesterday. The oil market witnessed a second straight session of decline as the ...

Read More »

Oil prices fall, Brent below $73/barrel

Oil prices deepened their losses on Thursday, driven by concerns that high borrowing costs could reduce demand in the world's largest economy, after the Federal Reserve announced its intention to slow ...

Read More »

Why are US crude oil exports to Europe likely to decline in January?

US crude oil shipments to northwest Europe are expected to fall early next year from record highs in November as arbitrage for transatlantic shipments has been shut and freight rates have risen, ...

Read More »