Oil Updates — Crude Set for Steepest Weekly Decline in Two Years As

Oil Updates — crude set for steepest weekly decline in two years as

LONDON: Oil prices rose on Friday though were set for their steepest weekly decline since March 2023, as the absence of significant supply disruption from the Iran-Israel conflict saw any risk premium evaporate. Brent crude futures were up 51 cents, or 0.75 percent, to $68.24 a barrel at 3:02 p.m. Saudi time, while US West Texas Intermediate crude was up 51 cents, or nearly

Oil Prices Rise Friday Amid Demand Boost, Set For Sharpest Weekly Decline Since March 2023 » News.ng

Crude oil prices experienced an uptick on Friday, despite being positioned for their most significant weekly drop since March 2023. The absence of major supply chain disruptions from the recent Iran-Israel tensions led to the removal of geopolitical risk premiums. Brent crude futures rose by 50 cents (0.7%) to $68.23 per barrel at 10:36 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 49 cents (nearly 0.8%) to $65.73, Reuters reports.…

Oil set for steepest weekly decline in two years as risk subsides – Oil & Gas 360

(Investing) – LONDON (Reuters) -Oil prices rose on Friday but were set for their steepest weekly decline since March 2023, as the absence of significant supply disruption from the Iran-Israel conflict saw any risk premium evaporate. Brent crude futures were up 42 cents, or 0.6%, to $68.15 a barrel at 1328 GMT, while U.S. West Texas Intermediate crude was up 51 cents, or nearly 0.8%, to $65.75. During the 12-day war that started after Israel targe

Week in Review: Markets Post Steepest Weekly Drop Since 2023 Amid Fading Geopolitical Risk - Mansfield Energy

This week, oil markets saw their steepest weekly decline in over two years, with both Brent and WTI crude prices falling roughly 12%.The decline reflects a broader shift away from geopolitical risk-driven pricing and a renewed focus on market fundamentals, such as inventories, trade flows, and demand trends. Just two weeks ago, prices spiked on fears that conflict between Iran and Israel could severely disrupt global crude supplies, particularly…