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Oil Prices Today: WTI Crude Climbs Toward $91 as Gulf of Mexico Storm Shuts Output, While Fed Rate Hike Bets Linger

Oil Prices Today: WTI Crude Climbs Toward $91 as Gulf of Mexico Storm Shuts Output, While Fed Rate Hike Bets Linger

US crude is climbing again, and the push is coming from the weather as much as from geopolitics. West Texas Intermediate (WTI) futures rose about 3.5 percent on Thursday to roughly $91 a barrel, according to Investing.com data, after sliding toward $88 the day before. The jump followed moves by Shell and Chevron to shut … Read more

Oil Prices Today: Brent Crude Stays Above $100 as Strait of Hormuz Attacks and Stalled Ukraine Talks Fuel Supply Fears

Oil Prices Today: Brent Crude Stays Above $100 as Strait of Hormuz Attacks and Stalled Ukraine Talks Fuel Supply Fears

Brent crude is trading above $100 a barrel again, and the reasons have more to do with the Middle East than with Moscow. On Wednesday, the global benchmark rose about 1.3 percent to roughly $102, according to trading data from Investing.com, after fresh Houthi attacks on Saudi airports and a run of incidents in the … Read more