oil

Goldman sees Brent at $80 to $90 until there is clarity on a deal – or significant escalation

China’s huge accumulation and the strategic reserves held by rich nations matter

Seven members have agreed to boost their collective target by a further 188,000 barrels a day

Brent futures settle 1.2% higher at US$90.12 a barrel, while US West Texas Intermediate futures close up 1.3% at US$84.67 a barrel

Energy markets roar higher in July, with double-digit percentage gains for oil and products such as diesel

The Saudi oil producer has yet to finalise details of the mechanism, including its starting date, say traders

This follows a US military statement that says US air defences had averted a surprise Iranian attack

Brent hits US$100 per barrel on Jul 23 as the conflict spilled over to the Red Sea

WEST Texas Intermediate (WTI) crude prices have rebounded more than 20 per cent since the beginning of July, after retesting the pre-Iran war level of US$68 per barrel on Jul 2. The recent rebound in ...