Brent crude futures were down 66 cents, or 1%, at $64.56 a barrel at 1016 GMT. U.S. West Texas Intermediate crude was down 61 cents, or 1%, to $60.90. “Finally having some kind of peace process in the ...

Oil prices fell in early morning trade on Thursday in Asia as Israel and Hamas agreed to a pause in fighting and a hostages-for-prisoners exchange, under a framework advanced by the Trump ...

OPEC+ spare capacity is shrinking fast, with only Saudi Arabia, the UAE, and Iraq holding meaningful extra production capability. Analysts warn that actual spare capacity may be overstated. As OPEC+ ...

HOUSTON, Oct 9 (Reuters) - Oil prices settled lower on Thursday after Israel and the Palestinian militant group Hamas signed an agreement to cease fire in Gaza. Brent crude futures closed down $1.03, ...

Iranian Supreme Leader Ayatollah Ali Khamanei attends an event in Tehran, Iran, on May 10, 2025. Iranian Supreme Leader Ayatollah Ali Khamanei attends an event in Tehran, Iran, on May 10, 2025.