Oil Prices Could Remain Under Pressure
Oil prices could remain under pressure amid hopes of a diplomatic breakthrough in the Middle East, BankPro CEO Paolo Broccardo said.
Oil prices could remain under pressure amid hopes of a diplomatic breakthrough in the Middle East, BankPro CEO Paolo Broccardo said.
'We are committed to supporting all our colleagues throughout the consultation process', Spirit Energy said.
Traders remain cautious as ceasefire optimism clashes with severe supply constraints and global economic concerns.
Treasury Secretary Scott Bessent reaffirmed that the U.S. would not renew general licenses that allowed for the temporary sale of certain Russian and Iranian crude.
'The scope of damage has expanded materially,' Rystad Energy warned.
Oil prices are 'holding firm' today 'as the market digests a sharp pullback from war-driven panic levels', Naeem Aslam, Chief Investment Officer at Zaye Capital Markets, said.
Oil prices held steady as US inventory draws offset ongoing geopolitical uncertainty in the Middle East.
'More than 40 percent of oil and gas operators indicated that their operations have been impacted by theft in the past year', the RRC noted.
The U.S. Energy Information Administration increased its 2026 Brent oil price projection in its latest short term energy outlook.
SEB Commodities Analyst Ole R. Hvalbye issued an oil market warning.