Oil Prices Slip

Brent futures lost 79 cents or 1.1% to $70.78 a barrel by 0642 GMT, while US West Texas Intermediate crude fell 84 cents or 1.2% to $67.74 a barrel

Brent and WTI fall about 3 per cent as supply concerns ease with higher tanker movements through the Strait of Hormuz despite fresh security risks in the region

On Monday, oil prices fell nearly 5 per cent to their lowest close since March 4, after US President Donald Trump said a memorandum of understanding was signed to end the US-Israeli war with Iran

US stocks rose Friday after oil prices fell again, and SpaceX soared in its highly anticipated debut on Wall Street. The S&P 500 added 0.5% to close out its 10th winning week in the last 11. The Dow Jones Industrial Average climbed 353 points, or 0.7%, and the Nasdaq composite gained 0.3%. Stocks got a lift from a 3.4% drop for the price of Brent crude oil to $87.33 per barrel, deepening its loss for the week. Oil prices have come down since President Donald Trump on Thursday called off his threat to launch strikes on Iran and said a potential deal with Iran may be imminent. A deal to end the war could reopen the Strait of Hormuz and allow oil tankers to once again deliver crude from the Persian Gulf to customers worldwide. Its near closure since the war began has sent the price of Brent up from roughly $70 per barrel and caused a wave of painful inflation for the world. Of course, financial markets have rallied in the past on hopes that an end to the war with Iran was near, ...

Brent futures were down $2.11 or 2.3 per cent at $88.27 a barrel by 0640 ‌GMT, while US West Texas Intermediate (WTI) crude dropped $1.90, or 2.2 per cent, to $85.81

Brent crude futures dropped $1.22, ​or 1.1%, to $106.55 a barrel at 0410 GMT while US West Texas Intermediate futures fell $1.16, or 1.1%, to $101.02

Brent ‌crude futures fell 6 cents, or 0.1 per cent, to $108.11 a barrel by 0400 GMT after settling down $2.23 on Friday

ONGC and Oil India shares fell up to 4% as Brent crude dropped below $100 following a US-Iran ceasefire and easing tensions in the Strait of Hormuz.

FM Nirmala Sitharaman says current year even 'more challenging' but India has enough fiscal space

While Brent should retain a geopolitical risk premium, it is similarly forecasted to retreat toward $56-$57/b as supply growth from non-OPEC+ producers outweighs softening demand

Oil has pushed higher in the new year as turmoil in OPEC's fourth-largest producer, along with upheaval in Venezuela, added geopolitical risk to prices

U.S. crude and fuel inventories rose last week, market sources said, citing American Petroleum Institute figures on Tuesday

Oil price outlook: While the outlook for the oil market remains bearish with expectations for a large surplus in 2026, robust refinery margins offer counterbalance

Crude oil prices continue to trade within a broader range of $5-$7, reflecting the persistent tug-of-war between supply excess and geopolitical flare-ups

Oil prices hit five-week lows as markets await US sanctions decision on Russia. Tariffs on India, crude inventory draw, and Opec+ supply plans also influence Brent and WTI price movements

The Organization of the Petroleum Exporting Countries and its allies, together known as Opec+, agreed on Sunday to raise oil production by 547,000 barrels per day for September

The conflict-driven risk premium-estimated between US$ 10-15-has largely dissipated, with no signs of supply disruptions through the strategic Hormuz Strait or within Iran.

Significant volatility in the second quarter had global benchmark Brent crude futures dropping to a four-year low of $60.23 a barrel on May 5 and then surging to $78.85 on June 19

The Dow Jones Industrial Average rose 0.17% to 42,279.55, the S&P 500 rose 0.48% to 5,996.40 and the Nasdaq Composite rose 0.61% to 19,565.74.

Brent futures were down 93 cents, or around 1.3%, to $73.30 a barrel by 1307 GMT, while U.S. WTI futures were off 99 cents or nearly 1.4%, to $71.99