Brent crude futures have returned to backwardation as renewed Middle East conflict and disruptions to oil flows increase expectations of tighter near-term crude supplies.

The oil market entered another volatile week after renewed tensions between the United States and Iran threatened an already fragile truce.

Brent crude nears $85 a barrel amid renewed hostiles between Washington and Tehran.

Crude futures rose midday Tuesday as continued U.S. strikes against Iranian targets and Iranian attacks on vessels in the Strait of Hormuz reinforced concerns over disruptions to…

Brent oil prices shift to backwardation amid US-Iran tensions. Crude oil reaches a new all-time high by December 31 at 14.5% YES.

The recent steady rise in global oil prices is showing no sign of easing, with the price of Brent Crude climbing another 1 percent in early Asian trading on Wednesday.

Brent crude futures have returned to backwardation as renewed Middle East conflict and disruptions to oil flows increase expectations of tighter near-term crude supplies.

The global oil market has flashed fresh warning signs over crude availability after the Brent futures curve swung sharply into...