Explore

Oil climbs on tanker attacks, US-Iran claims about Hormuz control

Oil climbs on tanker attacks, US-Iran claims about Hormuz control

HOUSTON, Aug 14 (Reuters) - Crude oil prices climbed on Friday over renewed attacks on tankers and a war of words between the Trump administration and Iran's leadership. Brent futures were up 80 cents, or 0.92%, to $87.87 a barrel at 10:48 a.m. CT (1548 GMT), while U.S.

Oil rises after US threatens indefinite blockade of Iran; set for weekly gains

Oil rises after US threatens indefinite blockade of Iran; set for weekly gains

By Anushree Mukherjee Aug 14 (Reuters) - Oil prices rose on Friday and were on track for weekly gains after the United States threatened an indefinite naval blockade of Iran, raising concerns about disruptions to crude supplies from the Middle East.

Oil rises after US threatens indefinite blockade of Iran

Oil rises after US threatens indefinite blockade of Iran

By Mohi Narayan and Helen Clark NEW DELHI, Aug 14 (Reuters) - Oil prices gained on Friday after the United States threatened an indefinite naval blockade of Iran, reviving concerns about supply of crude after the previous session's fall on a weaker outlook for demand and a large build in U.S. stocks

Oil falls on weaker demand outlook and higher US stocks

Oil falls on weaker demand outlook and higher US stocks

By Enes Tunagur LONDON, Aug 13 (Reuters) - Oil prices declined on Thursday as investors assessed prospects for weaker global demand this year and higher U.S. crude stocks, though prices found support from a lack of progress in talks over the blockaded Strait of Hormuz and disruptions to supply.

Oil slips on weaker demand outlook and higher US stocks amid supply disruptions

Oil slips on weaker demand outlook and higher US stocks amid supply disruptions

By Enes Tunagur LONDON, Aug 13 (Reuters) - Oil prices declined on Thursday as investors assessed prospects for weaker global demand this year and higher U.S. crude stocks, while prices found support from a lack of progress in talks over the blockaded Strait of Hormuz and disruptions to supply.

Oil falls more than 3% on weaker global demand outlook and US crude buildup

Oil falls more than 3% on weaker global demand outlook and US crude buildup

By Siddharth Cavale and Enes Tunagur NEW YORK, Aug 13 (Reuters) - Oil prices fell more than 3% on Thursday as investors focused on signs of weaker global demand and rising U.S. crude stocks, though prices drew some support from stalled talks over the blockaded Strait of Hormuz.

Oil steadies after US threatens to blockade Iran indefinitely

Oil steadies after US threatens to blockade Iran indefinitely

By Helen Clark PERTH, Aug 14 (Reuters) - Oil prices inched higher on Friday after the U.S. threatened to maintain a naval blockade of Iran indefinitely, reviving crude supply concerns, after prices fell in the previous session on a weaker global demand outlook.

Oil settles down 2% on weak demand outlook, hefty US crude build

Oil settles down 2% on weak demand outlook, hefty US crude build

By Siddharth Cavale NEW YORK, Aug 13 (Reuters) - Oil settled down more than 2% on Thursday, reversing course after a week of gains, as investors focused on signs of weaker global demand and a sharp build in U.S. crude inventories.

Oil markets look calm on top, but underneath shows a big toll

Oil markets look calm on top, but underneath shows a big toll

It was a nice lull in gasoline prices, wasn't it? Alas, a deal between the United States and Iran to reopen the Strait of Hormuz fell apart yet again, and oil prices turned up more than $5 a barrel and have pulled up U.S. pump prices as well. Nationally, the average U.S. price of gasoline was above ...

Oil set for weekly gains after US threatens indefinite blockade of Iran

Oil set for weekly gains after US threatens indefinite blockade of Iran

By Anushree Mukherjee Aug 14 (Reuters) - Oil prices rose on Friday and were on track for weekly gains after the United States threatened an indefinite naval blockade of Iran, raising concerns about disruptions to crude supplies from the Middle East.

Oil prices settle up as Iran says Strait of Hormuz to stay shut

Oil prices settle up as Iran says Strait of Hormuz to stay shut

By Scott DiSavino Aug 11 (Reuters) - Oil prices edged up to a one-week high on Tuesday as doubts about a potential U.S.-Iran peace deal fueled concerns that Middle East supply disruptions would persist. Brent futures rose $1.19, or 1.4%, to settle at $88.91 a barrel, while U.S.

Oil hits new one-week high as supply disruptions outweigh Strait of Hormuz talks

Oil hits new one-week high as supply disruptions outweigh Strait of Hormuz talks

By Scott DiSavino Aug 11 (Reuters) - Oil prices edged up to a fresh one-week high on Tuesday as the market focused more on supply disruptions in the Middle East and Russia than on signs of progress in talks between Oman and Iran over shipping through the Strait of Hormuz.