Oil rose in Asia morning trade as markets stayed focused on geopolitical tensions.
Oil prices moved slightly higher on Thursday after Ukrainian attacks on Russia's oil infrastructure signalled potential supply constraints, and stalled peace talks tempered expectations of a deal restoring Russian oil flows to global markets, though weak fundamentals kept gains limited.
The major oil producers known as OPEC+ unwound previous output cuts faster than expected this year — increasing quotas at a time when global oil prices have dropped around 16% year to date.
In an exclusive interview, Mikhail Khodorkovsky says Vladimir Putin has abandoned his previous pragmatism — and reveals the U.S. oil company he nearly merged Yukos with.
Crude oil steadies as traders weigh geopolitical risks and rising inventories, while natural gas holds support within a broader uptrend.
Oil was down in early Asian trading following a choppy session, as geopolitical tensions roiled the market, ANZ research analysts said.
Oil prices fell for a second day on Wednesday as investors waited to see if peace talks in the Russia-Ukraine war could open up more supply amid wider concerns about a surplus, highlighted by rising inventories.
Geopolitical tensions lift natural gas and oil as rising channels, EMA support and strong RSI readings point to further upside across energy markets.
Oil prices climbed in early trade on Tuesday for a second consecutive session as market participants assessed risks stemming from Ukrainian drone strikes on Russian energy sites and mounting U.S.-Venezuela tensions.
Oil edged higher in early Asian trading amid supply chain disruption.
Torbjörn Törnqvist is selling his stake in Gunvor after renewed scrutiny of the firm's Russia ties.
Crude oil futures rally 2% as drone strikes on Russian infrastructure and OPEC+ holding production steady reignite supply fears after a four-month losing streak.