Crude Oil Prices

Oil price outlook: Escalating tanker strikes, Houthi pressure on Gulf infrastructure and Iranian tactical framing around the midterm calendar keep the floor firm.

Brent crude ​futures rose 89 cents, or 0.8%, to $106.58 a barrel by 0030 GMT, ‌while US West Texas Intermediate crude futures gained 80 cents, or 0.9%, to $94.94

Brent crude futures fell 61 cents, or 0.57%, to $106.04 a barrel by 0000 ‌GMT while US West Texas Intermediate crude futures were down 47 cents, or 0.5%, at $93.27 a barrel

Brent crude futures fell $1.54, or 1.47%, to $103.18 a barrel by 0154 GMT ​while US West Texas Intermediate crude was at $90.31 a barrel, down $1.54, or 1.68%

Crude oil futures are likely to remain volatile next week as uncertainty over US-Iran negotiations and escalating tensions in West Asia keep supply risks elevated, even as hopes of a deal to reopen the Strait of Hormuz offer scope for a correction, analysts said. Investors will track the monthly oil market reports from the Organization of the Petroleum Exporting Countries and the International Energy Agency, along with the American Petroleum Institute's weekly inventory numbers and US government data on crude inventories and imports, they added. The geopolitical situation remains fluid after US President Donald Trump said Washington was considering joining Saudi strikes against Iran-backed Houthi rebels in neighbouring Yemen, following an attack on Riyadh's international airport. "The widening conflict has heightened concerns over energy shipments through the region, including the strategic Bab el-Mandeb Strait," said Navneet Damani, Head of Research - Commodities at Motilal Oswal .

Nifty gains 289 points; Nifty Oil & Gas the lone sectoral index in the red

Brent crude ‌futures fell 72 cents, or 0.7%, to $103.53 a barrel by 0220 GMT. US West Texas Intermediate (WTI) crude futures fell 52 cents, or 0.6%, to $90.97

Brent crude rises to $101.53 a barrel as attacks on tankers in the Gulf and Strait of Hormuz intensify, raising concerns over supply risks despite plans to release emergency oil stocks

Brent futures rose 93 cents, or ​0.92%, to $101.51 a barrel by 0022 GMT while US West Texas Intermediate (WTI) crude rose 82 cents, or 0.92%, ‌to $90.25

Brent ‌crude futures lost 4 cents to $100.28 a barrel by 0003 GMT, while US West Texas Intermediate crude futures fell 11 cents, or 0.1%, to $89.33 a barrel

Brent crude futures fell 66 cents, or 0.65%, to $101.59 a barrel at 0240 ‌GMT, while US West Texas Intermediate crude was at $90.12 a barrel, down 95 cents, or 1.03%

The largest West Asian crude exporter set the November Arab ‌Light crude oil official selling price ​to Asia at $5 a barrel below ​the average of Oman and Dubai prices, down $3 from the previous month

Brent was near $98 a barrel after rising about 14% in September, while investors weighed stalled US-Iran peace talks and signs of a recovery in West Asia oil exports

Brent crude futures rose $1.14, or 1.11%, to $103.73 a barrel by 0131 GMT. US West Texas Intermediate ‌crude 34 cents, or 0.38%, to $89.72

Brent crude futures had risen 63 cents, or 0.6%, to $105.91 a barrel ‌by 0002 GMT while US West Texas Intermediate crude was at $93.32, up 72 cents, or 0.8%

Brent futures were up $2.98, or 2.86 per cent, at $107.30 a barrel by 1206 GMT after hitting their highest since September 15 earlier in the session

When Iran shut down the Strait of Hormuz at the start of the war, choking off sea passage for some 15 million barrels of oil a day, many feared that prices would skyrocket, cratering the world economy. Instead, nearly seven months on, oil is expensive but not exorbitant, and analysts say the supply is pretty much sufficient to meet current global needs, even as the higher prices cause political problems for US President Donald Trump and others. That's because Saudi Arabia and other Gulf producers quickly found alternative routes and reached for unused pipeline capacity. When Iran and its militant allies targeted those, the oil exporters and the US military found others - workarounds for the workarounds - in an often clandestine game of whack-a-mole. With oil now at around $100 a barrel - higher than before the war but not as bad as feared - Iran has diminished leverage, while a US naval blockade and tightened sanctions smother its own economy. But the workarounds are expensive and

The Brent crude futures November contract ​gained 22 cents, or 0.22%, to $100.57 a barrel at 0021 GMT

Brent crude futures and US West Texas Intermediate crude touched their lowest since September 10 earlier on ‌Monday, with Brent at $101.71 a barrel by 0213 GMT, down $2.16, or 2.08%

Brent crude futures fell $1.01, or 1%, to $103.77 a barrel by 0020 GMT, while US West Texas ‌Intermediate futures fell $1.03, or 1%, to $100.88 a barrel