The Business Times

Oil prices

Companies & Markets

Oil prices climb on worries of possible Iran-US conflict

[HOUSTON] Oil prices settled higher on Friday (Feb 6), reversing earlier losses as traders worried that this week’s talks between the US and Iran had failed to reduce the risk of a military conflict b...

Brent crude futures settled lower at US$1.91, or 2.75 per cent, at US$67.55 per barrel.
Energy & Commodities

Oil settles almost 3% down on easing supply concerns ahead of US, Iran talks

[HOUSTON] Oil prices settled down almost 3 per cent on Thursday in choppy trading, after the US and Iran agreed to hold talks in Oman on Friday, easing concerns about Iranian crude supplies.

Both crude benchmarks have seesawed this week between news of talks to de-escalate tensions between the US and Iran.
Energy & Commodities

Oil prices climb 3% as market awaits US-Iran talks

Opec members Saudi Arabia, Iran, the United Arab Emirates, Kuwait and Iraq export most of their crude via the Strait of Hormuz, mainly to Asia

Iran was the third-biggest Opec crude producer in 2025, according to US Energy Information Administration data.
Global Enterprise

Oil prices climb 2% after US shoots down Iranian drone, worries about armed boats

[NEW YORK] Oil prices climbed about 2 per cent on Tuesday after the US shot down an Iranian drone approaching a US aircraft carrier and armed boats approached a US-flagged vessel in the Strait of Horm...

Iran and the US will resume nuclear talks on Friday, officials from both countries told Reuters.
Energy & Commodities

Oil settles down over 4% on US-Iran de-escalation, easing supply worries

[NEW YORK] Oil prices fell more than US$3 per barrel on Monday after US President Donald Trump said Iran was “seriously talking” with Washington, signaling a de-escalation of tensions with the Opec me...

Brent crude futures were down US$2, or 2.9 per cent, to US$67.28 per barrel at 0100 GMT on Monday.
Energy & Commodities

Oil prices fall by 3% on US-Iran de-escalation

[TOKYO] Oil prices fell 3 per cent on Monday as US President Donald Trump said over the weekend Iran was “seriously talking” with Washington, signalling de-escalation with an Opec member after risks o...

MSCI’s broadest index of Asia-Pacific shares outside Japan tumbled as much as 1.3 per cent, extending the previous day’s declines with the biggest one-day slump of the past month.
Capital Markets & Currencies

Stocks tumble on bets Kevin Warsh is Trump’s Fed pick

Asian stocks fell, led by declines in China

Brent futures rose US$2.31, or 3.4 per cent, to settle at US$70.71 a barrel, while US West Texas Intermediate gained US$2.21, or 3.5 per cent, to settle at US$65.42 on Thursday.
Energy & Commodities

Oil prices surge 3% to five-month high on worries US could attack Iran

Iran is the third-biggest crude producer in Opec

Brent crude futures settled up 83 cents, or 1.23 per cent, to US$68.40 a barrel on Wednesday.
Energy & Commodities

Oil prices hover around four-month high, buoyed by Iran concerns, weak dollar

A weak US dollar kept prices elevated

Brent crude futures settled up US$1.98 or 3.02 per cent, at US$67.57 a barrel on Tuesday.
Energy & Commodities

Oil futures surge 3% a barrel as winter storm slams US output

Severe weather has boosted crude futures

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