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Oil prices steady as investors weigh duller outlook

Oil prices were stable today, as investors weighed a weaker market outlook for this year by the International Energy Agency (IEA) despite tightness in the prompt market, in addition to tariff concerns and possible further sanctions on Russia.

Business • 11 Jul

How fluctuating oil prices affect motorists at the pumps

Motorists are feeling the pinch at the pumps this month, as both petrol and diesel prices are rising

Business • 28 Jun

Oil records steepest weekly decline since March

Oil prices rose today though were set for their steepest weekly decline since March 2023, as the absence of significant supply disruption from the Iran-Israel conflict saw any risk premium evaporate.

Business • 27 Jun

Oil rises as draw in US crude stocks signals firm demand

Oil prices edged higher today as investors remained cautious about the Iran-Israel ceasefire and shifted their attention to market fundamentals after a stock draw in the United States.

Business • 26 Jun

Oil prices rise as investors assess Iran-Israel ceasefire

Oil prices edged up today as investors assessed the stability of a ceasefire between Iran and Israel, while support also came from data that showed US demand was relatively strong.

Business • 25 Jun

Oil extends losses as Israel and Iran ceasefire wobbles

Oil prices extended losses today to hit a two-week low on what the market viewed as lower risk of supply disruptions in the Middle East, though US President Donald Trump accused both Israel and Iran of violating a ceasefire he helped to broker.

Business • 24 Jun

Oil prices choppy as investors weigh supply risks

Oil prices oscillated today, touching a five-month high before erasing most gains as oil and gas transit continued on tankers from the Middle East after US airstrikes against Iran at the weekend.

Business • 23 Jun

Oil prices rise as Israel-Iran conflict enters 7th day

Oil prices rose today after Israel and Iran continued to exchange missile attacks overnight and US President Donald Trump's stance on the conflict kept investors on edge.

Business • 19 Jun

Oil up as Iran-Israel conflict keeps floor under prices

Oil prices rose today, with analysts saying that uncertainty would keep prices elevated, even as there were no concrete signs of any production losses stemming from the Iran-Israel conflict.

Business • 17 Jun

Oil slips as Israel-Iran strikes spare key infrastructure

Oil prices edged down today, paring back Friday's 7% surge, as renewed military strikes by Israel and Iran over the weekend left oil production and export facilities unaffected.

Business • 16 Jun

Irish prices 11% higher for US tourists as dollar falls

Oil prices have surged after Israel launched an attack on Iran's nuclear programme with financial markets anxious over retaliatory action.

Business • 13 Jun

Oil soars after Israel's strike on Iran alarms market

Oil prices jumped almost 7% today to multi-month highs after Israel launched strikes against Iran, sparking Iranian retaliation and raising worries about a disruption in Middle East oil supplies.

Business • 13 Jun

Oil prices ease from more than two-month peak

Oil prices edged lower today, as traders assessed whether the previous day's jump to the highest prices in more than two months had adequately priced in risks for crude oil supply from mounting tensions in the Middle East.

Business • 12 Jun

Brent and WTI oil prices were flat today after settling 0.5% higher on Friday

Oil steadies after Trump extends EU trade talks deadline

Oil prices steadied today after US President Donald Trump extended a deadline for trade talks with the European Union, easing concerns about US tariffs on the bloc that could hit fuel demand.

Business • 26 May

Despite the potential supply pressure, world oil prices are up over 1.5% this week

Oil heads for weekly gain but remains under hike pressure

Oil prices edged up today, heading for a second consecutive weekly gain on easing US-China trade tensions, although the optimism was somewhat offset by higher supply expectations from Iran and OPEC+.

Business • 16 May

World oil prices jumped about 4% today after the US and China said they would ease some of their tariff measures

Oil prices jump about 4% on US-China tariff reductions

Oil prices jumped by about 4% today after the US and China said they would ease some of their tariff measures, raising hopes of an end to the trade war between the world's two largest consumers of crude oil.

Business • 12 May

World oil prices are poised for a weekly gain of about 4%

Oil set for weekly gain ahead of US-China trade talks

Oil prices rose today, poised for a weekly gain as trade tensions between top oil consumers China and the US showed signs of easing and Britain announced a "breakthrough" US trade deal.

Business • 09 May

A merger of BP and Shell would create a giant valued at more than £200 billion

BP shares rise on rumour of bid by Shell

British oil group BP, which has lagged rivals in recent years, saw a boost to its share price today on rumours of a possible mega takeover by rival Shell.

Business • 06 May

Exxon Mobil is the largest US oil producer

Exxon beats Wall Street's first quarter profit estimate

Exxon Mobil has today beaten Wall Street's estimate for first-quarter profit as higher oil and gas production from Guyana and the Permian basin helped boost earnings.

Business • 02 May

World oil prices marked a week-on-week decrease of over 1% on Friday on concerns about the impact of tariffs on the global economy

Crude oil prices drop on demand fears

Crude oil prices fell more than $1 a barrel today as demand fears arising from the trade war between the United States and China were pressing down demand at the pump.

Business • 28 Apr

Brent crude futures fell 2 cents to $66.53 a barrel by 0814 GMT, falling 2.2% on the week.

Oil up but set for weekly fall under supply pressure

Oil prices were set for a weekly decline of nearly 2% on the back of oversupply concerns and uncertainty around tariff talks between the US and China.

Business • 25 Apr

Signs that the US and China could be moving closer to trade talks supported prices.

Oil prices recover some of previous day's losses

Oil prices recovered some losses today as investors weighed a potential OPEC+ output increase against conflicting tariff signals from the White House and US-Iran nuclear talks.

Business • 24 Apr

Brent crude futures hit their highest since April 4 at $68.65 a barrel but were down 68 cents

Oil prices down about 1% after Kazakhstan defiance

Oil prices lost about 1% today after Kazakhstan struck a defiant tone about its rising oil output, erasing earlier gains on the back of US sanctions against Iran, falling US crude stocks and President Donald Trump softening his tone on China.

Business • 23 Apr

World oil prices had dropped more than 2% yesterday

Oil prices stage recovery on new Iran sanctions

Oil prices rose more than $1 per barrel today as new US sanctions against Iran and rising equity markets helped spark a recovery rally from the prior session's steep selloff.

Business • 22 Apr

Global oil demand is expected to grow at its slowest rate for five years this year

Oil rises as US issues new sanctions

Oil prices rose more than $1 a barrel today on concerns about global supplies after Washington issued new sanctions targeting Chinese importers of Iranian oil.

Business • 16 Apr

Oil Prices