by Jibran Munaf | November 7, 2024 | Commodities, Energy
Oil prices edged higher on Thursday, reversing a post-election sell-off as markets weighed potential supply disruptions from the re-election of Donald Trump and an intensifying hurricane in the Gulf of Mexico. Brent crude oil futures rose by 26 cents (0.35%) to $75.18...
by Jibran Munaf | November 2, 2024 | Commodities, Energy
Oil prices climbed Friday following reports that Iran may be planning an attack on Israel through its allied militias in Iraq, though the gains were tempered as markets remain skeptical about a potential impact on oil supplies. West Texas Intermediate (WTI) crude rose...
by Jibran Munaf | October 31, 2024 | Commodities
Gold prices in Dubai soared to new record highs on Thursday, coinciding with the Indian festival of Diwali, as demand for the precious metal surged. At the opening of markets, 22K gold climbed above AED312 per gram, highlighting the metal’s continued upward trend....
by Jibran Munaf | October 31, 2024 | Commodities, Energy
Oil prices rose for the second consecutive session on Thursday as U.S. crude inventories posted a decline, and traders kept a close eye on geopolitical tensions in the Middle East. Brent crude neared $73 per barrel after a 2% gain on Wednesday, while West Texas...
by Jennifer George | October 28, 2024 | Commodities, Markets, News
On Monday, oil prices shrugged more than 4% as a result of Israeli strikes on Iran during the weekend. Futures for global crude benchmark Brent slid 4.34% to $72.75 a barrel, while U.S. West Texas Intermediate futures dropped 4.54% to $68.52 per barrel. Israel...
by Jibran Munaf | October 24, 2024 | Commodities, Energy
Oil prices bounced back as traders weighed rising tensions in the Middle East and the outlook for global supply balances as 2025 approaches. Brent and WTI Prices Surge Brent crude climbed toward $76 a barrel, while West Texas Intermediate (WTI) traded close to $72....
