Global crude oil

July 13, 2026 2:42 PM

Crude oil prices jump over 4 pc as US-Iran tensions escalate

Global crude oil prices surged more than 4 per cent on Monday, trading close to the $80-per-barrel mark, as renewed military strikes between the United States and Iran heightened concerns over possible disruptions to oil supplies from the Middle East. International benchmark Brent crude gained more than 4 per cent, rising $3.28 to nearly $80 per barrel. US benchmark West Texas Intermediate (WTI) also climbed 4.55 per cent, or $3.25, to $74.66 per barrel. The sharp rise in prices followed repor...

May 4, 2026 12:12 PM

Crude oil prices slip up to nearly 3 per cent as President Trump signals Hormuz relief

Global crude oil prices declined almost 3 per cent on Monday after US President Donald Trump said Washington would take steps to help clear vessels stranded in the Strait of Hormuz, though the lack of a breakthrough in US-Iran talks kept prices above the $100-mark. International benchmark Brent crude slipped 66 cents or 0.61 per cent to $107.51 per barrel, while US West Texas Intermediate (WTI) fell $2.83 or 2.77 per cent to $99.11 a barrel. On the domestic front, crude oil futures on the Mult...

April 17, 2026 10:33 AM

Global crude oil prices slip up to 2 per cent as West Asia tensions ease

International crude oil benchmarks declined about 2 per cent on Friday on hopes of an end to the West Asia conflict that began on February 28. Brent crude futures traded at $97.99 per barrel, hitting an intra-day low in early trade and declining over 1 per cent. At the same time, US West Texas Intermediate (WTI) crude fell nearly 2 per cent to an intra-day low of $92.91. However, in the previous session, the global benchmark settled around 5 per cent higher at $99.39. Similarly, US WTI finish...

April 10, 2026 12:57 PM

Global crude oil prices jump over 1 per cent amid US-Iran ceasefire

Global crude oil traded higher on Friday as fresh attacks on Saudi energy infrastructure and persistent concerns over disruptions in the Strait of Hormuz kept investors on edge, amid a two-week ceasefire announced by US President Donald Trump. The international benchmark Brent crude futures rose as much as 1.13 per cent to $97.01 per barrel, while US West Texas Intermediate (WTI) traded at $99.24 in early trade, up 1.39 per cent. Oil prices slipped to nearly 20 per cent below the $100-per-barr...