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MUFG Bank warns higher oil prices and tightening liquidity will pressure Asian energy-importing currencies, while commodity exporters may find relief as crude surges with Brent trading above $100 a b…
US equity indexes retreated while crude oil prices climbed after Houthi attacks on Saudi Arabian energy facilities halted regional operations. The geopolitical escalation lifted WTI and Brent, while …
The US total rig count held steady at 588 this week, with active oil rigs rising by 2 to 449. Meanwhile, EIA data showed US crude production increased to 13.862 million bpd. Crude oil prices softened…
Trump announced a massive US-Venezuela oil deal requiring $100 billion in investments via North American Blue Energy Partners to boost output to 1 million barrels daily. However, major financing unce…
U.S. Treasury Secretary Scott Bessent signaled imminent sanctions against Iranian banks, driving crude oil prices higher as geopolitical risks escalate. Rising energy costs and inflation concerns wei…
Oil prices slipped in early Asian trading due to position adjustments. Meanwhile, the market braces for anticipated new U.S. sanctions against Iran, potentially targeting major buyers like China amid…