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Union Jack Oil

Oil prices climb amid reduced recession fears

Oil prices continued their upward momentum for the fifth consecutive session on Monday, building on the previous week’s gains of over 3%, as concerns about a US recession subsided and

Union Jack Oil

Oil prices rebound amid Middle East tensions

Oil futures rebounded more than $1 a barrel from seven-week lows on Wednesday following the assassination of Hamas leader Ismail Haniyeh in Iran. This incident has heightened tensions in the

Union Jack Oil

Oil prices rise amid Middle East tensions

Crude oil prices began the week on an upward trend after a rocket strike on the Golan Heights rekindled fears of conflict escalation in the Middle East. Although prices remain

Union Jack Oil

Oil prices rise on declining US crude stocks

Oil prices continued their upward trend on Thursday, driven by a larger than expected decline in US crude inventories, the world’s largest oil consumer. Brent futures increased by 41 cents,

Union Jack Oil

Oil holds steady amid economic concerns

Oil prices maintained their stability on Monday, despite facing downward pressure from a stronger U.S. dollar and worries about demand in China, the world’s largest importer. The dollar strengthened as