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World oil prices are on track for a weekly gain of almost 3%, as tensions in the world's top oil-producing region, the Middle East, and a restart in Gaza ceasefire talks kept traders on edge

Oil heads for weekly gain on Middle East tensions

Oil prices were heading for a weekly gain of almost 3% as today's prices ticked higher, with traders kept on edge by simmering tensions in the Middle East ahead of a planned resumption in Gaza ceasefire talks in the coming days.

Business • 25 Oct 24

The oil market remains on edge about potential Israeli attacks on Iranian oil infrastructure

Oil falls 2% as OPEC cuts oil demand growth view

Oil prices declined about 2% today, wiping out all of last week's gains, as OPEC's lowering of its 2024 and 2025 global oil demand growth view again added to concerns of weak fuel demand with China's oil imports falling for a fifth month in a row.

Business • 14 Oct 24

Oil prices had plunged yesterday by over 4% on a possible Hezbollah-Israel ceasefire, though markets remain wary of a potential Israeli attack on Iranian oil infrastructure

Oil down as strong supply counters MidEast, hurricane

Oil fell by more than $1 a barrel today on rising US crude inventories, while the risk of supply disruption from the Middle East conflict and Hurricane Milton in the United States curbed price declines.

Business • 09 Oct 24

Analysts said that world oil prices are set to remain volatile

Brent crude falls $4 a barrel on easing supply fears

Brent crude futures, the international oil benchmark, fell $4 a barrel today as fears of supply interruptions from the conflict between Israel and Iran and a massive Gulf of Mexico hurricane eased.

Business • 08 Oct 24

World oil prices posted their steepest weekly rise in more than a year last week

Oil extends gains on fears of wider Middle East conflict

Oil prices rose more than 3% today, with Brent surpassing $80 per barrel for the first time since August, as the increased risk of a region-wide Middle East war jolted investors out of record bearish positions amassed last month.

Business • 07 Oct 24

World oil prices are headed for weekly gains of about 10% after turmoil in the Middle East continues

Oil prices set for 9% weekly gains on threat of wider war

Oil prices rose sharply, and were on track for 10% weekly gains as investors weighed the prospect of a wider Middle East conflict disrupting crude flows after President Biden said the US was discussing an Israeli attack on Iranian oil facilities.

Business • 04 Oct 24

Both Brent and WTI prices are set to gain more than 3% on a weekly basis

Oil set for 3% weekly gain on easing recession concerns

Oil prices edged higher today and were on course for a weekly gain of more than 3% as US jobs data eased demand concerns while fears of a widening Middle East conflict continue to raise supply risks.

Business • 09 Aug 24

Starbucks shares slumped 12% last night as the coffee chain missed estimates for quarterly profit and flagged a hit from geopolitical uncertainties in the Middle East

Starbucks cuts annual sales forecast as demand cools

Starbucks has cut its annual sales forecast after reporting a fall in same-store sales for the first time in nearly three years, as it struggles with weak demand for its coffees in the US and China - its two biggest markets.

Business • 01 May 24

McDonald's fell short of Wall Street estimates for Q1 sales today

McDonald's sales miss estimates as customers cut back

McDonald's fell short of Wall Street estimates for first-quarter sales today as budget-conscious consumers cut back on restaurant meals and the Middle East conflict weighed on the burger chain's international sales.

Business • 30 Apr 24

Middle east conflict