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Oil prices sink to seven-year low as surplus fears and Ukraine peace hopes grow

U.S. crude oil prices fell to their lowest level since May on Tuesday, deepening a prolonged downturn that has put the market on track for its weakest annual performance in seven years. The decline reflects growing concerns over a looming supply surplus and shifting expectations around geopolitical risks, particularly the possibility of a peace agreement between Ukraine and Russia. West Texas Intermediate crude briefly dropped to $55.69 per barrel, while global benchmark Brent crude

Stock Market

16 Dec 2025 10:55 AM 277 views

Oil prices sink to seven-year low as surplus fears and Ukraine peace hopes grow

U.S. crude oil prices fell to their lowest level since May on Tuesday, deepening a prolonged downturn that has put the market on track for its weakest annual performance in seven years. The decline reflects growing concerns over a looming supply surplus and shifting expectations around geopolitical risks, particularly the possibility of a peace agreement between Ukraine and Russia. West Texas Intermediate crude briefly dropped to $55.69 per barrel, while global benchmark Brent crude

Stock Market

Trump sanctions Russian oil giants Rosneft and Lukoil amid Ukraine war escalation

In a significant policy reversal, U.S. President Donald Trump has imposed sweeping sanctions on Russia’s two largest oil producers, Rosneft and Lukoil, marking one of the most consequential economic measures against Moscow since the escalation of the war in Ukraine. The decision immediately triggered a 5% surge in global oil prices and prompted India, one of Russia’s biggest energy buyers, to reconsider its import strategy. The sanctions, announced on Wednesday, target companies

Finance & Economics

23 Oct 2025 08:36 AM 445 views

Trump sanctions Russian oil giants Rosneft and Lukoil amid Ukraine war escalation

In a significant policy reversal, U.S. President Donald Trump has imposed sweeping sanctions on Russia’s two largest oil producers, Rosneft and Lukoil, marking one of the most consequential economic measures against Moscow since the escalation of the war in Ukraine. The decision immediately triggered a 5% surge in global oil prices and prompted India, one of Russia’s biggest energy buyers, to reconsider its import strategy. The sanctions, announced on Wednesday, target companies

Finance & Economics

Oil Surges, Asian Markets Sink Amid Iran-US Tensions

Oil prices jumped to their highest levels in five months while Asian markets tumbled on Monday, following coordinated airstrikes by the United States and Israel on Iran's key nuclear facilities. The escalation has sparked fears of a broader conflict in the Middle East, with particular concern over the potential closure of the Strait of Hormuz a strategic waterway that handles nearly 25 percent of global oil trade and 20 percent of liquefied natural gas mov

Business

22 Jun 2025 23:45 PM 492 views

Oil Surges, Asian Markets Sink Amid Iran-US Tensions

Oil prices jumped to their highest levels in five months while Asian markets tumbled on Monday, following coordinated airstrikes by the United States and Israel on Iran's key nuclear facilities. The escalation has sparked fears of a broader conflict in the Middle East, with particular concern over the potential closure of the Strait of Hormuz a strategic waterway that handles nearly 25 percent of global oil trade and 20 percent of liquefied natural gas mov

Business

Oil Prices Surge as Israel Iran Conflict Disrupts Shipping Through Strait of Hormuz

As the Israel-Iran conflict escalates, its effects are rippling beyond diplomacy and military affairs, directly impacting global trade and oil prices. The Strait of Hormuz, a critical maritime passage that connects the Persian Gulf with the Arabian Sea, is once again at the center of attention. In 2023, nearly 21 million barrels of oil passed through the strait daily, representing about 20% of global petroleum liquids consumption. Any disruption in this corridor could cause dramatic shifts in

Global News

17 Jun 2025 08:38 AM 652 views

Oil Prices Surge as Israel Iran Conflict Disrupts Shipping Through Strait of Hormuz

As the Israel-Iran conflict escalates, its effects are rippling beyond diplomacy and military affairs, directly impacting global trade and oil prices. The Strait of Hormuz, a critical maritime passage that connects the Persian Gulf with the Arabian Sea, is once again at the center of attention. In 2023, nearly 21 million barrels of oil passed through the strait daily, representing about 20% of global petroleum liquids consumption. Any disruption in this corridor could cause dramatic shifts in

Global News

Markets Tumble, Oil Soars as Iran Strikes Israel: India’s Nifty, Sensex Slide Amid Geopolitical Shock

Global financial markets came under pressure on Friday as Iran launched hundreds of missiles toward Israel in retaliation for earlier airstrikes on its nuclear and military facilities. The geopolitical escalation sparked fears of a wider Middle East conflict, leading to a steep sell-off on Wall Street and sharp gains in oil and gold. The S&P 500 fell 1.1%, while crude oil futures jumped 7.5%, their largest single-day gain in over two years. The VIX fear g

Stock Market

14 Jun 2025 01:06 AM 632 views

Markets Tumble, Oil Soars as Iran Strikes Israel: India’s Nifty, Sensex Slide Amid Geopolitical Shock

Global financial markets came under pressure on Friday as Iran launched hundreds of missiles toward Israel in retaliation for earlier airstrikes on its nuclear and military facilities. The geopolitical escalation sparked fears of a wider Middle East conflict, leading to a steep sell-off on Wall Street and sharp gains in oil and gold. The S&P 500 fell 1.1%, while crude oil futures jumped 7.5%, their largest single-day gain in over two years. The VIX fear g

Stock Market

Crude oil declines amid unexpected US stock builds and looming Middle East uncertainty

Oil prices continued their downward trajectory for a third consecutive session as larger-than-expected builds in US crude and fuel inventories raised fresh doubts about demand strength. At the same time, market participants kept a close watch on the potential impact of renewed nuclear talks between Iran and the United States, which could alter global oil supply dynamics if sanctions are lifted. By Thursday morning, benchmark Brent crude slipped by 16 cents to $64.75 per barrel, wh

Global News

22 May 2025 03:40 AM 623 views

Crude oil declines amid unexpected US stock builds and looming Middle East uncertainty

Oil prices continued their downward trajectory for a third consecutive session as larger-than-expected builds in US crude and fuel inventories raised fresh doubts about demand strength. At the same time, market participants kept a close watch on the potential impact of renewed nuclear talks between Iran and the United States, which could alter global oil supply dynamics if sanctions are lifted. By Thursday morning, benchmark Brent crude slipped by 16 cents to $64.75 per barrel, wh

Global News

Crude oil rises amid hopes of US-China trade deal and stable global supply

Oil prices rose on Monday as encouraging signs from trade talks between the United States and China improved market sentiment. Over the weekend, both sides reported progress in negotiations, helping ease concerns in global markets and fueling optimism that the two largest crude consumers are moving closer to resolving their long-running trade dispute. Brent crude futures increased by 43 cents, or 0.67%, reaching $64.34 per barrel in early Asian trading. At the same time, U.S. West

Global News

12 May 2025 03:04 AM 854 views

Crude oil rises amid hopes of US-China trade deal and stable global supply

Oil prices rose on Monday as encouraging signs from trade talks between the United States and China improved market sentiment. Over the weekend, both sides reported progress in negotiations, helping ease concerns in global markets and fueling optimism that the two largest crude consumers are moving closer to resolving their long-running trade dispute. Brent crude futures increased by 43 cents, or 0.67%, reaching $64.34 per barrel in early Asian trading. At the same time, U.S. West

Global News

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#oilprices

Oil prices sink to seven-year low as surplus fears and Ukraine peace hopes grow

Oil prices sink to seven-year low as surplus fears and Ukraine peace hopes grow

Trump sanctions Russian oil giants Rosneft and Lukoil amid Ukraine war escalation

Trump sanctions Russian oil giants Rosneft and Lukoil amid Ukraine war escalation

Oil Surges, Asian Markets Sink Amid Iran-US Tensions

Oil Surges, Asian Markets Sink Amid Iran-US Tensions

Oil Prices Surge as Israel Iran Conflict Disrupts Shipping Through Strait of Hormuz

Oil Prices Surge as Israel Iran Conflict Disrupts Shipping Through Strait of Hormuz

Markets Tumble, Oil Soars as Iran Strikes Israel: India’s Nifty, Sensex Slide Amid Geopolitical Shock

Markets Tumble, Oil Soars as Iran Strikes Israel: India’s Nifty, Sensex Slide Amid Geopolitical Shock

Crude oil declines amid unexpected US stock builds and looming Middle East uncertainty

Crude oil declines amid unexpected US stock builds and looming Middle East uncertainty

Crude oil rises amid hopes of US-China trade deal and stable global supply

Crude oil rises amid hopes of US-China trade deal and stable global supply

CRPF Jawan Arrested for Espionage Linked to Pahalgam Attack

The Rise of Healthy Snacking: Top Functional Foods Americans Are Googling in 2025

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Business Ethics and Corporate Social Responsibility

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CRPF Jawan Arrested for Espionage Linked to Pahalgam Attack

The Rise of Healthy Snacking: Top Functional Foods Americans Are Googling in 2025

Indian Army joins US troops for Yudh Abhyas 2025 in Alaska

Business Ethics and Corporate Social Responsibility

Google Cloud Outage Disrupts Gmail, Spotify, OpenAI Services

Quaker Prep School in Montgomery County Shutting Down After Six Decades

Car Rams Liverpool Victory Parade: Dozens Injured

6.1 Magnitude Earthquake Hits Turkey’s Sindirgi, 1 Dead, 16 Buildings Collapse

Houston Dynamo FC Lose 4-1 to Tigres UANL in Opening Match of 2025 Leagues Cup

Barack Obama backs California ballot measure to boost Democratic House seats

#oilprices

Oil prices sink to seven-year low as surplus fears and Ukraine peace hopes grow

Oil prices sink to seven-year low as surplus fears and Ukraine peace hopes grow

Trump sanctions Russian oil giants Rosneft and Lukoil amid Ukraine war escalation

Trump sanctions Russian oil giants Rosneft and Lukoil amid Ukraine war escalation

Oil Surges, Asian Markets Sink Amid Iran-US Tensions

Oil Surges, Asian Markets Sink Amid Iran-US Tensions

Oil Prices Surge as Israel Iran Conflict Disrupts Shipping Through Strait of Hormuz

Oil Prices Surge as Israel Iran Conflict Disrupts Shipping Through Strait of Hormuz

Markets Tumble, Oil Soars as Iran Strikes Israel: India’s Nifty, Sensex Slide Amid Geopolitical Shock

Markets Tumble, Oil Soars as Iran Strikes Israel: India’s Nifty, Sensex Slide Amid Geopolitical Shock

Crude oil declines amid unexpected US stock builds and looming Middle East uncertainty

Crude oil declines amid unexpected US stock builds and looming Middle East uncertainty

Crude oil rises amid hopes of US-China trade deal and stable global supply

Crude oil rises amid hopes of US-China trade deal and stable global supply

CRPF Jawan Arrested for Espionage Linked to Pahalgam Attack

The Rise of Healthy Snacking: Top Functional Foods Americans Are Googling in 2025

Indian Army joins US troops for Yudh Abhyas 2025 in Alaska

Business Ethics and Corporate Social Responsibility

Google Cloud Outage Disrupts Gmail, Spotify, OpenAI Services

Quaker Prep School in Montgomery County Shutting Down After Six Decades

Car Rams Liverpool Victory Parade: Dozens Injured

6.1 Magnitude Earthquake Hits Turkey’s Sindirgi, 1 Dead, 16 Buildings Collapse

Houston Dynamo FC Lose 4-1 to Tigres UANL in Opening Match of 2025 Leagues Cup

Barack Obama backs California ballot measure to boost Democratic House seats

Popular Cities