Oil prices edge lower
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WTI crude oil is holding near $63.41 on Tuesday, slipping modestly but staying above key support levels as traders balance rising Middle East tensions against questions over future supply.
By Aigerim Turgunbaeva BISHKEK, Feb 26 (Reuters) - The European Union needs to coordinate its plan to impose a full maritime services ban on Russia's seaborne crude oil exports with other G7 countries before pushing ahead with the measure,
Crude oil prices could surge to as high as USD 95 to USD 110 per barrel if Irans oil supply and the Strait of Hormuz face disruption amid ongoing tensions, according to a report by Equirus Securities.
WTI crude (CL1:COM) is attempting to stabilize around $66 after two negative sessions, with traders closely monitoring whether the market can break through a long-standing resistance level.
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Crude oil prices fall back on energy demand concerns
April WTI crude oil (CLJ26) on Monday closed down -0.17 (-0.26%), and April RBOB gasoline (RBJ26) closed up +0.0035 (+0.16%). Crude oil and gasoline prices gave up early gains on Monday and settled mixed,
The lonely laggard in a yearlong surge for commodities may be getting ready to bounce higher.
President Trump says India will stop buying sanctioned Russian oil in trade deal, but data shows shadow fleet vessels on the move evading global enforcement.
Commercial crude oil stocks were down by 9 million barrels last week. Analysts expected crude stocks to rise by 1.1 million barrels.
One of the least talked about dynamics of the global crude oil market is the role China plays in setting a floor and a ceiling for prices.
Crude oil trades near 7-month highs as US-Iran tensions sustain a $5-$6 risk premium. Analyst explains how Strait of Hormuz, Opec+ decisions, and current Brent oil prices shape oil market outlook