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crude oil

Oil Prices Edge Up Slightly Amid Tight Supply, Tariff Concerns, and OPEC Demand Downgrade

Crude Oil Rebounds as Supply Limits Offset Tariff Concern: Crude oil prices saw a mild rebound on Thursday, recovering from earlier losses as constrained supply helped counterbalance investor concerns over looming U.S. tariffs and OPEC’s reduced demand forecast. Crude Oil: The Energy Driving the World One of the most significant energy sources on the world […]

Oil Prices Decline Amid Progress in U.S.-Iran Nuclear Negotiations

Oil prices saw a notable downturn of more than 1.5% amid positive momentum in nuclear negotiations between the United States and Iran. Brent crude futures dropped by $1.10, or 1.6%, settling at $66.86 per barrel, while U.S. West Texas Intermediate (WTI) declined by $1.11, or 1.7%, to $63.57 per barrel. The progress in talks suggests […]

Oil Prices Rebound from 2-Month Lows After Trump Revokes Chevron’s Venezuela License

Oil prices saw a notable recovery from two-month lows on Tuesday, driven by geopolitical tensions after  U.S.  President Donald Trump revoked Chevron’s authorization to operate in Venezuela. The decision, which came as a surprise to many, has raised concerns about potential disruptions in global oil supply, particularly from Venezuela, a key OPEC member. Brent crude […]