Ole Hansen, Head of Commodity Strategy, Saxo Bank The global crude oil market continues to navigate a complex web ...

Oil traders have turned bullish on crude prices following President Trump's threat of new sanctions on Russia unless a ...

India’s state-run oil refiners are reportedly pausing from purchasing Russian crude, following mounting pressure from the US, ...

"Oil prices surge as Trump's stance on Russia-Ukraine and tariff deal shake up the market, prompting caution among investors amidst geopolitical tensions and potential market volatility." ...

The attacks caused US crude oil to jump $2.72—a 3.7% gain—closing at $75.67 per barrel. Global benchmark Brent crude rose $3.67, up 4.94%, ending the day at $77.90.

More recently, when Russia invaded Ukraine in February 2022, oil prices initially soared to over $120 / bbl for WTI. However, the price surge was also short-lived (Figure 11).

Crude oil prices were falling Monday morning in the wake of the U.S. attack on Iran, a development that President Donald Trump seemed to cheer in a social-media post. "Everyone, keep oil prices down.

A sustained surge in oil prices is likely to complicate the U.S. fight against inflation. A $10-a-barrel increase would boost year-over-year growth in the Consumer Price Index by 0.5 percentage ...

Zelenskyy warns oil price surge could help Russia’s war effort Ukrainian President Volodymyr Zelenskyy speaks to journalists during a press conference in Kyiv, Ukraine, on Wednesday, June 4, 2025.