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Saudi Arabia's crude production plunged by 1.9 million barrels per day in August to 6.23 million, hitting 34-year lows amid Middle East conflicts and shipping blockades. Severe export bottlenecks pus…
Brent crude topped $100 and WTI reached $96 following Houthi attacks on Saudi oil facilities and U.S. destruction of Iranian tankers. Severe geopolitical escalation has sharply shifted prediction mar…
Crude oil surged as U.S.-Iran military escalation led to tanker strikes near the Strait of Hormuz. Brent topped $97 and WTI exceeded $92, with analysts warning prices could hit $115 amid protracted c…
Energy stocks and crude futures dropped premarket Friday. Front-month WTI crude fell 1.1% to $90.31 per barrel, while Brent declined 1% to $94.54 per barrel. The Energy Select Sector SPDR ETF (XLE) s…
Energy stocks and crude oil benchmarks declined premarket Wednesday. WTI crude fell 0.8% to $89.46 per barrel and Brent dropped 0.5% to $94.19, pulling down energy sector equities and major oil produ…
Oil futures climbed as U.S. strikes on Iranian rocket launchers near the Strait of Hormuz and retaliatory missile strikes reignited geopolitical risk. WTI settled up 2.8% at $85.76 a barrel amid heig…