Oil prices plunged on Wednesday, dropping more than 5 percent at settlement following statements from US President Donald Trump indicating that negotiations to end the conflict with Iran have entered their final stages.The benchmark Brent crude futures contract tumbled $6.26, or 5.63% , to settle at $...

US Treasury Secretary ​Scott Bessent on Monday announced another 30-day extension of a sanctions waiver allowing purchases of Russian seaborne oil to aid "energy-vulnerable" countries, Reuters reported.Bessent said in a posting on X that the Treasury was issuing the 30-day general licence after a pre...

NEW YORK, 15th May, 2026 (WAM) -- Oil prices recorded a slight rise at settlement on Thursday.Brent crude futures rose by 9 cents to settle at US$105.72 per barrel, while US West Texas Intermediate crude futures gained 15 cents to settle at $101.17 per barrel.

TOKYO, 13th May, 2026 (WAM) - Oil prices fell on Wednesday after rising in three consecutive sessions, according to Reuters.Brent crude futures lost 82 cents, or 0.76%, to trade at $106.95 a barrel at 0051 GMT, and U.S. West Texas Intermediate futures fell 66 cents, or 0.65%, to $101.52.

Oil prices surged at the opening of trading today shortly after US President Donald Trump announced his rejection of Tehran’s response to the proposal presented by Washington to end the war.Brent crude futures rose by US$3.21, or 3.17 percent, to reach $104.50 per barrel, while US West Texas Intermediate...