Tue, 21-Oct-2025

Why US oil price has caught up with Brent

US oil price

World oil markets skilled a rarity this week, because the charge of America benchmark contract, West Texas Intermediate, handed Europe’s Brent North Sea crude for the first time when you consider 2020. Analysts factor to Russia’s invasion of Ukraine as a key thing but there are others, as mentioned under.   – Brent v WTI … Read more

Oil prices slump 5% on Covid-19 variant fears

Oil prices

Oil prices dropped more than 5 per cent on Friday, falling to the lowest level in two months, as traders, already concerned about potential oversupply in the first quarter of 2022, added the emergence of a new Covid-19 variant to their list of worries, Reuters reported. Brent crude, the international benchmark, slid 5.8 per cent to $77.44 … Read more