Breakthrough’s Post

OIL GAINS as Gaza Ceasefire Talks in Focus - Read More: https://hubs.la/Q02j_5K00 Oil prices maintained upward momentum on Tuesday as investors awaited the result of top U.S. diplomat Antony Blinken’s efforts in the Middle East to halt the Gaza war and quell tensions in a major oil-producing region. Brent crude futures gained 55 cents to $78.54 a barrel by 1224 GMT, while U.S. West Texas Intermediate crude futures rose 48 cents to $73.26. Both contracts gained nearly 1% on Monday, rising for the first time in four sessions. #oilprices #energy #energynow #oilgas #oilandgas #wti #brentcrude

OIL GAINS as Gaza Ceasefire Talks in Focus - Read More: https://hubs.la/Q02j_bwL0 Oil prices maintained upward momentum on Tuesday as investors awaited the result of top U.S. diplomat Antony Blinken’s efforts in the Middle East to halt the Gaza war and quell tensions in a major oil-producing region. Brent crude futures gained 55 cents to $78.54 a barrel by 1224 GMT, while U.S. West Texas Intermediate crude futures rose 48 cents to $73.26. Both contracts gained nearly 1% on Monday, rising for the first time in four sessions. #oilprices #energy #energynow #oilgas #oilandgas #wti #brentcrude

🌍 Oil Prices Surge Amid Middle East Tensions 🚨 The recent comments from US President Joe Biden regarding potential strikes by Israel on Iran’s oil industry have sent shockwaves through the oil markets, resulting in a 5% jump in prices. As tensions escalate, the benchmark Brent crude oil has risen to $77 a barrel up 10% since the missile attack on Israel by Iran earlier this week. Iran, the seventh-largest oil producer globally, plays a critical role in the energy landscape, exporting a significant portion of its production, mainly to China. Any disruption in this supply chain could have far-reaching consequences, particularly if the Straits of Hormuz an essential transit route for a third of the world's oil tanker traffic. This spike in oil prices raises concerns about the ripple effect on inflation, with higher petrol, gas, and electricity bills potentially on the horizon. It comes at a time when central bankers had begun to declare victory over the inflation challenges brought on by the pandemic and geopolitical conflicts. As we watch these developments closely, it’s essential to consider how these dynamics will affect not just the energy sector but the global economy at large. #OilPrices #MiddleEastTensions #Inflation #EnergyMarkets #EconomicImpact

OIL PRICES EDGE DOWN on Easing Geopolitical Risks, Weak China Demand - Read More: https://hubs.la/Q02LS_pZ0 Oil prices edged lower on Tuesday as Israel accepting a proposal to tackle disagreements blocking a ceasefire deal in Gaza eased supply concerns and China’s economic weakness weighed on the demand outlook. Brent crude was down 80 cents, or 1.03%, at $76.86 per barrel as of 0820 GMT. Front month U.S. West Texas Intermediate crude futures were down 87 cents, or 1.17%, to $73.50. #energy #oilgas #oildemand #oilandgasprices #oilandgascompanies

At the beginning of the Asian market on Tuesday, U.S. crude oil fluctuated within a narrow range and is currently trading around $82.00 per barrel. Oil prices closed more than 1% higher on Monday as a Russian government order to limit oil production and attacks on Russian and Ukrainian energy infrastructure offset United Nations demands for a ceasefire in Gaza. Since the beginning of this year, the prices of these two indicators of crude oil have risen steadily. As of the close of last Friday, the price of Brent crude oil had increased by nearly 11%, and the price of U.S. crude oil had increased by about 12.5%. The reasons are expectations that interest rates in major economies will be cut before the summer, as well as geopolitical tensions in Eastern Europe and the Middle East.

🌍📈 U.S. Crude Oil Surges Over 3%! Amid rising tensions between Israel and Iran, U.S. crude oil prices have spiked, closing above $77 per barrel. Markets are bracing for potential supply disruptions as the Middle East conflict intensifies. ⛽ ️ 🔍 Geopolitical uncertainty is driving fears of disrupted oil flows, with Iran playing a crucial role in global oil supply. Higher prices could mean increased costs for energy, transportation, and even everyday goods. 📊 What does this mean for the future? Swipe through to learn more about the impact on global markets and what we can expect next! ⚖️ #OilPrices #GlobalMarkets #EnergyCrisis #MiddleEastTensions #CrudeOil #Inflation #Energy

Oil was steady at the end of a turbulent week as the market weighed strong US economic data and a possible attack by Iran or its proxies on Israel against a lackluster Chinese demand outlook. Brent crude traded near $81 a barrel and was up around 2% for the week, with West Texas Intermediate below $78. Robust retail sales and jobs data from the US, the world’s biggest oil consumer, helped offset concerns about slowing fixed-asset investment and industrial activity in top importer China. #EnergyConnects #energynews #energyindustry #news #oott #oilandgasindustry

📣 Market Update 📣 Despite risk and increase taking the commodity market by storm last week, global oil prices and energy sales have rebounded and stabilised. The dying down of tensions between Israel and Iran has brought back confidence to the market. Power prices in the UK fell by 5.4% over the weekend with a further 6.32% yesterday. Stabilization brings confidence and this means now is a prime time to procure ahead for your next energy contracts. Volatility will inevitably return to the market as geopolitical tensions and sanctions remain looming, to learn more about taking advantage of the troughs in the market contact me below: 📞 02045877439 💻 trent.lay@dbsne.com #Geopolitics #Energy #Market #Procurement #Business

OIL PRICES EDGE DOWN on Easing Geopolitical Risks, Weak China Demand - Read More: https://hubs.la/Q02LS_pY0 Oil prices edged lower on Tuesday as Israel accepting a proposal to tackle disagreements blocking a ceasefire deal in Gaza eased supply concerns and China’s economic weakness weighed on the demand outlook. Brent crude was down 80 cents, or 1.03%, at $76.86 per barrel as of 0820 GMT. Front month U.S. West Texas Intermediate crude futures were down 87 cents, or 1.17%, to $73.50. #energy #oilgas #oildemand #oilandgasprices #oilandgascompanies

#Oil prices fell on Friday with concerns over a slowdown in demand growth from China weighing on prices. The Brent contract closed Friday’s session at USD 79.68/barrel, down USD 1.7% on the previous close. The contract was last seen trading at USD 79.1/barrel on Monday morning. Signals that China’s demand growth for oil is slowing put prices under pressure while geopolitical risks remain a key price driver with Gaza ceasefire talks ongoing. https://lnkd.in/etV_QNrW