Oil closes in on $95 per barrel, keeping gas prices near summer highs

Oil closes in on $95 per barrel, keeping gas prices near summer highs

Oil prices are closing in on $95 per barrel as production cuts from Saudi Arabia and Russia continue to impact global markets, keeping gas prices near summer highs at a time when drivers typically expect to see relief at the pump.  The price of international benchmark Brent crude rose to $94.34 per barrel as of Monday…

Oil prices rise as tight supply outlook offsets demand woes

Oil prices rose on Monday after flirting with $95 a barrel earlier in the session, as expectations of a supply deficit stemming from extended output cuts by Saudi Arabia and Russia as well as weak shale production outweighed concerns about demand.

Wall Street Gearing Up for Fed’s ‘Hawkish Pause’: Markets Wrap

(Bloomberg) -- Stocks, bonds and the dollar saw small moves at the start of a busy week for major central banks, whose rate decisions will set the tone for global markets for the rest of the year. The S&P 500 closed near 4,450. Brent oil pared gains after almost hitting $95 a barrel earlier Monday in a move that added to inflation concerns. Apple Inc. climbed, while Tesla Inc. dropped as Goldman Sachs Group Inc. lowered its earnings estimates fo…

Oil hovers near $95 a barrel as global crude surges to its highest level in 10 months

Global supply is tightening and demand is strong, leading the international benchmark to climb for three consecutive weeks.

Oil prices extend gains towards $95 on tight supply

Brent and WTI have climbed for three consecutive weeks to touch their highest since November and are on track for their biggest quarterly increases since Russia's invasion of Ukraine in the first quarter of 2022.

Oil Closes In On $95 Per Barrel, Hitting $100 In Some Markets

The oil-price rally continued in full force on Monday, with Brent crude closing in on $95 per barrel in early afternoon trading, and some crude grades around the world topping $100