Browsing: barrel

Oil rose back above $100 a barrel on Tuesday, after fresh US strikes on Iran dashed hopes of a Middle East breakthrough, with experts saying that…

Oil prices fell below $100 a barrel on Monday and stock markets rose on hopes that the US and Iran are inching closer to a peace…

The global oil price hit $126 a barrel on Thursday, its highest level since 2022, after Donald Trump said the US blockade of Iranian ports could…

Oil and gas prices fell sharply on Friday after Iran said the strait of Hormuz was open to commercial shipping, potentially clearing the way for tankers…

Key eventsShow key events onlyPlease turn on JavaScript to use this featureOpec lowers second-quarter global oil demand forecastOpec, the oil cartel, has predicted that demand for…

US crude oil hits $110 a barrelUS crude has surged over $110 a barrel today, for the first time in over three weeks.The price of a…

The price of oil hit nearly $117 (£89) a barrel on Monday as Donald Trump threatened to “blow up” and “completely obliterate” Iranian electricity plants, oil…

When the global economy was still in the grip of the devastating 1970s oil crises, exposing the chokehold exerted by a few important oil states, the…

Lunchtime market round-upAfter a volatile morning, European stock markets are still in the red – but off their earlier lows – after steep losses in Asia-Pacific…

Global oil prices surged past $100 (£74, AU$142) a barrel for the first time since 2022 as fallout from the US-Israel war with Iran continues to…