So as an input cost into the pump prices, there is a lag of about two weeks on crude prices when you see the trend where Brent goes up and down, and when the pump price is up and down. Exchange rate ...

The probability of a major oil supply disruption such as a closure of the Strait of Hormuz estimated from options has retreated to just 4% following the Israel-Iran ceasefire, Goldman Sachs analysts ...

Oil prices were edging higher in early trade, but remained on track for steep weekly losses as the geopolitical risk premium ...

Oil prices edged up slightly on Friday, recovering from a midday drop into negative territory following a report that OPEC+ ...

Front Month ICE Brent Crude for Aug. delivery lost $9.24 per barrel, or 12.00% to $67.77 this week --Largest one week net decline since the week ending March 17, 2023 ...

In the event, Monday proved a turning point. Tehran didn’t close the strait. Instead, it fired missiles on a nearly empty ...

Crude oil had been holding gains, but recent market talk that OPEC and its allies are weighing another "super-sized" increase has sent West Texas Intermediate lower after topping out at more than ...

GEOPOLITICAL RISKS: With the start of the ceasefire, oil prices stabilized at levels seen before conflict. The estimated geopolitical risk premium has now fallen to below $1 a barrel from its Sunday ...

The recent oil price spike ended as routinely as it arrived after hostilities ceased in the Middle East. So, where next for ...

China's oil imports from Iran surged in June as shipments accelerated before the recent conflict between Israel and Iran and ...

The risk premium on crude oil faded considerably this week with prices set for their steepest weekly fall since March 2023 on ...

Brent crude futures rose 54 cents, or 0.8%, to $68.26 a barrel by 0830 GMT while US West Texas Intermediate crude gained 60 cents, or nearly 0.9%, to $65.83 ...