Oil Prices Slip on Easing Middle East Risks

Oil Steadies as Dollar Eases and Middle East Tensions Simmer

(Bloomberg) — Oil steadied near the lowest levels in a month as tensions flare up in the energy-rich Middle East, returning the spotlight to the fragility of a truce between Israel and Iran.

Oil adds to losses on easing geopolitical risks, anticipated OPEC+ production hike

Oil firms lower pump prices

(UPDATE) AFTER three consecutive weeks of increases, the price of fuel went down on July 1 following the de-escalation of tensions between Israel and Iran.The biggest price cut will be for kerosene, which will have a price drop of P2.20.The cost of gasoline will go down by P1.40, and diesel by P1.80.In a related development, the Department of Energy (DOE) announced fuel price discounts for drivers of Public Utility Vehicles (PUVs), Transport Net…

Gas Prices Fall to $3.14 Ahead of July 4 as Middle East Risks Recede

U.S. gas prices have dropped to their lowest Independence Day level in four years, with the national average now at $3.14 per gallon, according to GasBuddy. The dip is driven by a retreat in Middle East tensions and consistent supply from both U.S. shale producers and OPEC+ exporters. Brent crude futures have fallen steadily over the past two weeks, dropping from over $75 per barrel to just under $68 as of Monday. The de-escalation between Israe…

Oil prices slip on easing Middle East risks

HOUSTON :Oil prices slipped on Monday as investors weighed easing Middle East risk alongside a possible OPEC+ output increase in August and uncertainty over the global demand outlook.Brent crude futures edged down by 19 cents, or 0.3 per cent, to $67.58 a barrel at 10:01 a.m. EDT (1501 GMT), ahead of the Augu

Oil prices slip as Middle East supply risks ease; OPEC+ output hike in ...