Oil prices headed for weekly gains as of Friday, despite the U.S. trying to ease supply concerns by issuing a 30-day license for countries to buy Russian oil and petroleum products stranded at sea. ›
European natural gas followed oil higher as shipping turmoil expands in the Middle East and markets prepare for disruptions to continue for months. ›
Oil prices rose on Thursday as Iran stepped up attacks on oil and transport facilities across the Middle East, raising fears of a prolonged conflict and oil-flow disruptions through the Strait of Hormuz. ›
Oil prices rebounded on Wednesday as markets doubted whether the International Energy Agency’s reported plan for a record release of oil reserves could offset potential supply shocks from the U.S.-Israeli conflict with Iran. ›
European natural gas dropped after US President Donald Trump predicted the Iran war will end soon, as he faces mounting pressure over how the conflict has upended energy markets. ›
Oil prices fell on Tuesday after hitting a more than three-year high in the previous session as U.S. President Donald Trump predicted the war in the Middle East could end soon, easing concerns about prolonged disruptions to global oil supplies. ›
Oil prices came off earlier highs on Monday but were still up more than 15% at levels not seen since mid-2022 as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding U.S.-Israeli war with Iran. ›
European natural gas prices are poised for their biggest weekly gain since the energy crisis as the war in the Middle East continues to cloud the outlook for global flows. ›
Crude oil headed for the sharpest weekly gain since Russia launched its full-scale invasion of Ukraine in February 2022, even as prices eased slightly on Friday after Washington issued waivers for Russian oil purchases to ease supply constraints. ›
European natural gas prices hovered near their highest levels in years as traders continue to monitor what impact war-related disruptions will have on the region’s balance of supplies. ›
