Brent crude futures dropped around 1% to $72.50 a barrel while US West Texas Intermediate (WTI) crude futures fell around 0.7% to $70.28 per barrel, as seen at 7.20 am on Monday. Brent crude fell nearly 11% last week to mark its third week of loss after crude shipments through the strait rose to their highest level since the US-Israeli conflict with Iran began earlier this year.

Oil prices rose slightly as hostilities between the United States and Iran continued for a fourth consecutive day, while Iran maintained its insistence on controlling the Strait…

Oil markets send mixed signals with Brent rising, WTI easing and Murban outperforming as US-Iran talks and Strait of Hormuz traffic stay in focus.

June 30 : Oil prices dropped on Tuesday, with investors eyeing the outcome of potential U.S.-Iran talks in Doha amid weekend missile fire from both sides that tested an interim…

Oil prices continued to ease on Tuesday as markets tracked the outcome of potential US-Iran engagement in Doha, even as weekend missile exchanges signalled instability. This comes…

Brent crude futures dropped around 1% to $72.50 a barrel while US West Texas Intermediate (WTI) crude futures fell around 0.7% to $70.28 per barrel, as seen at 7.20 am on…

Brent August crude futures were down 1%, at $72.4 a barrel