Published 1 month ago

Oil prices rise as heightened geopolitical risk exacerbates supply concern

Concerns over global oil supply intensify due to escalating conflict in the Middle East and between Russia and Ukraine.
Falling U.S. Rig count adds to worry over tightened oil supply.
Russia launches missiles at critical infrastructure in Ukraine and the Middle East faces continued hostilities.

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Channel News Asia

Oil prices rise as heightened geopolitical risk exacerbates supply concern

TOKYO : Oil prices rose in early Asian trading on Monday on concern over tighter global supply brought about by escalating conflict in the Middle East and between Russia and Ukraine, while a shrinking U.S. rig count added to upward price pressure.Brent crude futures had climbed 24 cents, or 0.3 per cent,

1 month ago·Singapore

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Globo

Oil rises 1.5% with escalation of tensions between Russia and Ukraine

The WTI crude oil with June delivery rose 1.51%, to $81.38 per barrel, and the Brent for May advanced 1.55%, to $86.75 per barrel.

1 month ago·Brazil

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RTÉ

Oil up as geopolitical risks exacerbate supply concerns

Oil benchmark Brent hovered close to $86 a barrel today as hostilities intensified between Russia and Ukraine and in the Middle East.

1 month ago·Ireland

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Financial Post

Oil Rises on Geopolitical Unrest and Signs OPEC+ Will Hold Firm

(Bloomberg) — Oil futures rose on geopolitical unrest and signs that OPEC+ will stick with current output cuts when delegates hold a review session next week.

1 month ago·Canada

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Arab News

Oil Updates – crude rises as heightened geopolitical risks exacerbate

TOKYO: Oil prices rose in early Asian trading on Monday on concerns over tighter global supply brought about by escalating conflicts in the Middle East and between Russia and Ukraine, while a shrinking US rig count added to upward price pressure, according to Reuters. Brent crude futures climbed 52 cents, or 0.6 percent, to $85.95 a barrel at 6:59 a.m. Saudi time. US crude futures gained 55 cents, or 0.7 percent, to $81.18 per barrel.

1 month ago·Riyadh, Saudi Arabia

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