Today, oil prices are at a strong level of around $89 per barrel, the highest in many years, mainly due to the closure of the Strait of Hormuz and the ongoing war between the United States and Iran. It has led to closures of the Arabian Gulf and halted a significant portion of global oil supplies, »»»

Oil prices edged up on Friday before a long holiday weekend in the US, as wary optimism held ​over efforts to secure peace in the Middle East between the United States and Iran. Brent ‌futures climbed 46 cents, or 0.64%, to $72.26 a barrel as of 0407 GMT. West Texas Intermediate was up 32 cents, or»»»

PERTH, July 3 : Oil prices rose slightly on Friday before a long holiday weekend in the U.S. as wary optimism held over efforts to make peace in the Middle East between the United States and Iran. Brent futures were up 17 cents, or 0.24 per cent, to $72.10 a barrel as of 0155 GMT. West Texas Interm»»»

Saudi Arabia, the world’s biggest oil exporter, may raise its August crude oil prices for buyers in Asia to the highest in four months, after spot prices surged during the Iran-Israel conflict and on robust summer fuel demand, trade sources said. The August official selling price (OSP) for flagship»»»