Author: Farhan Rafid

Oil prices rose Friday, with Brent crude climbing above $100 a barrel as traders weighed renewed security threats to Middle Eastern oil shipments.

Oil futures sank to two-month lows after the Democratic sweep of Congress in the U.S. midterm elections raised market expectations for a quick resolution to the conflict in the Middle East, and eased concerns of a possible U.S. military escalation.

Oil futures settled lower in a choppy session, with concerns about U.S. strikes on Iranian targets cushioned by continued diplomatic efforts to bring the U.S. and Iran to a conflict settlement.

Oil prices sank as renewed diplomatic efforts to end the conflict between the U.S. and Iran eased concerns over Middle East oil supplies and fears of escalation following the U.S. midterm elections.

Oil prices rose with the market on edge about possible military escalation in the Middle East, while an attack on a tanker in the Strait of Hormuz, Houthi claims of more attacks on Saudi refineries and a Ukrainian strike on a Russian refinery fed supp…

Oil prices fell as traders assessed fresh U.S. efforts to revive peace negotiations with Iran, while persistent Middle East supply risks and the possibility of renewed military escalation limited losses.

Oil prices rose on market concerns about possible U.S. military escalation against Iran after next week’s midterm elections and renewed threats to Middle East energy supplies after Yemen’s Houthi militants said they targeted Saudi Arabia’s largest oil …

Oil prices fell, with U.S. benchmark crude slipping back under $100 a barrel as traders held out hopes for regional diplomatic efforts to ease Middle East tensions.

Oil prices fell as traders considered diplomatic efforts to ease U.S.-Iran hostilities, while further Houthi attacks on Saudi Arabia kept concerns about Middle East supply risks alive.

Oil prices closed out the week solidly higher with the market on edge about the possibility of renewed U.S.-Iran hostilities and further attacks on Saudi energy infrastructure.

Oil futures rose sharply as Yemen’s Houthis launched fresh attacks on Saudi Arabia’s energy infrastructure and the market saw risk of further U.S.-Iran hostilities disrupting Middle East oil supplies.

Oil prices rebounding from the previous session’s losses as traders weighed renewed threats to shipping through the Hormuz Strait and attacks targeting Saudi Arabia against a recovery in Middle East oil exports.