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Oil falls but head for 8% weekly gain on tight supply; US diesel hits record

Oil falls but head for 8% weekly gain on tight supply; US diesel hits record

HOUSTON, Sept 11 (Reuters) - Oil prices fell on Friday but remained on course for a weekly gain of more than 8%, while U.S. diesel prices hit a record high as attacks along Middle East shipping routes stoked concerns about prolonged supply disruptions.

Iran, Houthis block 2 key global shipping routes, straining the global economy

Iran, Houthis block 2 key global shipping routes, straining the global economy

Iran and Houthi rebels have effectively closed two key maritime chokepoints, threatening global oil prices and trade routes. Here's what it means.

Oil falls but on track for sharp weekly gain on supply concerns; US diesel hits record high

Oil falls but on track for sharp weekly gain on supply concerns; US diesel hits record high

HOUSTON, Sept 11 (Reuters) - Oil prices fell on Friday but remained on course for a weekly gain of more than 9%, while U.S. diesel prices hit a record high as attacks along Middle East shipping routes stoked concerns about prolonged supply disruptions.

Oil falls but on track for 8% weekly gain on supply concerns; US diesel hits record high

Oil falls but on track for 8% weekly gain on supply concerns; US diesel hits record high

By Anushree Mukherjee Sept 11 (Reuters) - Oil prices fell on Friday but remained on course for a weekly gain of more than 8% while U.S. diesel prices hit a record high as attacks along Middle East shipping routes stoked concerns about prolonged supply disruptions.

The US has made progress in reopening the Strait of Hormuz, but the Iran war is far from over

The US has made progress in reopening the Strait of Hormuz, but the Iran war is far from over

The United States has succeeded in loosening Iran's grip over the Strait of Hormuz while virtually shutting down Iran's own exports

Oil set to end week above $100 for first time since mid-May as US diesel hits record high

Oil set to end week above $100 for first time since mid-May as US diesel hits record high

By Anushree Mukherjee Sept 11 (Reuters) - Oil prices slipped on Friday but remained on track to end the week above $100 a barrel for the first time since mid-May and U.S. diesel prices hit a record high as attacks along key Middle East shipping routes stoked prolonged supply disruption fears.

US futures up, oil prices down ahead of one of the more crucial reads on inflation in years

US futures up, oil prices down ahead of one of the more crucial reads on inflation in years

U.S. futures are climbing as oil prices decline despite rising tensions in the Middle East and investors await a key inflation report

Oil set for weekly gain of over 7% on supply disruptions; US diesel hits record high

Oil set for weekly gain of over 7% on supply disruptions; US diesel hits record high

By Anushree Mukherjee Sept 11 (Reuters) - Oil prices slipped on Friday but were still up more than 7% for the week and U.S. diesel prices hit a record high as attacks along key Middle East shipping routes stoked prolonged supply disruption fears.

US diesel price average crosses $6 a gallon for the first time, GasBuddy says

US diesel price average crosses $6 a gallon for the first time, GasBuddy says

NEW YORK, Sept 10 (Reuters) - The U.S. national average price of diesel surpassed $6 a gallon for the first time ever on Thursday, according to price tracker GasBuddy, as the U.S.-Iran war and Ukrainian attacks on Russia’s refineries have squeezed supply.

BRICS leaders gather in New Delhi as wars and rivalries strain the expanded bloc

BRICS leaders gather in New Delhi as wars and rivalries strain the expanded bloc

BRICS leaders are meeting in New Delhi this weekend as wars in Ukraine and the Middle East and U.S.-China tensions test the group's unity

Brent crude oil rises above $100 a barrel as Middle East conflict intensifies

Brent crude oil rises above $100 a barrel as Middle East conflict intensifies

By Anushree Mukherjee and Robert Harvey Sept 9 (Reuters) - Brent crude futures breached $100 a barrel on Wednesday for the first time since July 24 as escalating attacks in the Middle East, including on tankers, stifled hopes of a normalisation of oil shipping in the region.

Oil tops $100, stocks slide as Middle East tensions escalate

Oil tops $100, stocks slide as Middle East tensions escalate

By Sruthi Shankar Sept 9 (Reuters) - Brent crude prices surged past $100 a barrel on Wednesday, as escalating conflict in the Middle East fuelled worries about energy-driven inflation and sent global stocks tumbling ahead of several major central bank decisions.