Browsing: crude

Oil hits highest level since US-Iran ceasefire beganThe oil price has hit its highest level since the US and Iran agreed a ceasefire more than two…

The boss of Abu Dhabi’s state-owned oil company has said the strait of Hormuz is “not open” despite the US-Iran ceasefire agreed earlier this week, as…

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…

Brent crude on track for record monthly rise of nearly 60%Brent crude is on course for a record monthly rise of nearly 60%, exceeding gains it…

Closing postTime to recapOil prices have jumped again after a statement from Iran’s new leader said the crucial Strait of Hormuz should remain closed.Brent crude has…

The International Energy Agency has ordered the largest release of government oil reserves in its history to help calm the oil price shock triggered by the…

Brent crude hits $90 a barrel as Kuwait ‘starts cutting oil production’Brent crude has now surged to $90 per barrel for the first time since April…

FTSE 100 hits record highBritain’s main stock market index has just hit a new record high, lifted by shares in oil companies and miners.The FTSE 100…

Donald Trump plans to use Venezuela’s vast crude reserves to establish control of most of the western hemisphere’s oil in an attempt to drive the market…