US EditionOil Edges up to Two-Week High on Lower US Output Forecast, Renewed Red Sea Attacks
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Red Sea Incidents And Policy Shifts Shape Oil Market Currents
A ripple of tension has crept back into the oil arena as unexpected disruptions and looming policy changes converge, prompting investors to reconsider the familiar rhythms of supply and demand. The past week has seen oil benchmarks reclaim levels unseen since late June, driven not by steady growth in demand but by sudden jolts to global shipping lanes and the promise of tighter U.S. output. Vessels navigating the Red Sea have once again come und…
Oil prices have risen slightly this week, supported by growing geopolitical tensions in the Red Sea, a strategic area for world oil trade. This price rise, although modest, reflects the growing uncertainty in world energy markets, fuelled by recent events in this key region. The price of the Brent, the international benchmark, has crossed the mark of $70 per barrel for the first time in a few months. According to the specialized site Baril's Pri…
Oil rises slightly with heightened tensions in the Red Sea Admin FCE 09 Jul 2025 - 12:27 Black gold prices rise a little further on Wednesday, driven by tensions in the Middle East and structurally stronger summer demand on the oil market.About 10:00 GMT (12:00 in Paris), the price of the Brent barrel of the North Sea, for delivery in September, was 0.37% to 70.41 dollars.Its American equivalent, the barrel of West Texas Intermediate, for delive…
Oil prices rose this Wednesday, maintaining their highest levels since June 23, driven by attacks on Red Sea shipping and a forecast of lower oil production in the United States, with uncertainty about tariffs always at the bottom.At 4:57 a.m. CDMX time, Brent's futures earned 10 cents, or 0.1 per cent, at $70.25 a barrel, and West Texas Intermediate's in the United States advanced 15 cents, or 0.2 per cent, to $68.48.
Drop in US Production, Shipping Attacks Push Oil Prices Higher
By Adedapo Adesanya Oil prices edged higher to a two-week high on Tuesday on forecasts for less US oil production as well as renewed Houthi attacks on shipping in the Red Sea. Brent crude futures rose by 57 cents or 0.8 per cent to settle at $70.15 a barrel and the US West Texas Intermediate (WTI) crude futures gained
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