Oil turns to gains, WTI up over 1.5% - Breaking The News
Download our appPlay StoreApp Store

Oil turns to gains, WTI up over 1.5%

EPA-EFE/TANNEN MAURY

The prices of oil futures turned to gains on Thursday, after falling earlier in the day. The investors are seemingly still showing concerns over the supply side, as the crude output for future months remains uncertain after the United States shared that it will continue sanctioning Iran.

West Texas Intermediate (WTI) for deliveries in July jumped 1.57% at 1:17 pm ET to go for $117.02 per barrel. At the same time, Brent for settlements in August increased by 0.76% to sell for $119.46.

Related Stocks
Brent Crude (ICE)
F WBS
Related News
WH: New sanctions to hopefully cost Russia billions of dollars
White House Press Secretary Karine Jean-Pierre shared on Friday that Washington anticipates that the new sanctions against Russia's energy sector will gravely hit Moscow's revenue."These sanctions certainly target both Russian oil and LNG [liquified natural gas]. And we expect our actions to cost Russia upwards to billions of dollars per month," she underlined during a press conference.Jean-Pierre stressed that these measures show the US' commitment to...
Baker Hughes: US oil rig count down by 2 to 480
The number of oil rigs in the United States stood at 480 in the week ending January 10, decreasing by two compared to the previous week, according to the Baker Hughes weekly rig count released on Friday. On an annual basis, the number of oil rigs dropped by 19.The US gas rig count fell by three to 100 during the same week, while it fell by 17 compared to last year. The total number of rigs in the country currently stands at 584, down by 5 from last week and...
Gazprom Neft: New US sanctions 'unjustified'
Gazprom Neft said on Friday that the United States' decision to add the company to its sanctions list is "unjustified and illegitimate."Speaking to journalists, the company representatives mentioned that the move contradicts the free competition principle. The oil producer further mentioned that it has been expecting this regardless."Over the past two years, Gazprom Neft has been consistently preparing for various negative sanctions scenarios. In addition,...
WTI jumps 4% on reports of fresh US sanctions on Russia
The prices of oil futures continued to rise on Friday, driven by reports from Indian refining sources that indicated that the US Treasury is planning to enforce new sanctions targeting over 180 tankers carrying Russian oil and Russian insurance companies, aiming to disrupt the country's oil income.West Texas Intermediate (WTI) for February's deliveries soared by 4.03% at 9:04 am ET to sell for $76.90 per barrel. A minute later, Brent for March's settlements...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.