Oil prices have recently experienced a notable decline, influenced by two significant factors: the easing of geopolitical tensions in the Middle East and a substantial increase in U.S. crude oil inventories. As of October 9, 2025, Brent crude futures fell to $66.05 per barrel, while U.S. West Texas Intermediate (WTI) declined to $62.17 per barrel….
On June 13, 2025, oil prices rose sharply following Israel’s airstrikes on Iran, which targeted military locations and nuclear sites. Brent crude shot up more than 9%, reaching around $75.65 per barrel, while U.S. West Texas Intermediate climbed about 9.5% to $74.47. This is the biggest single-day jump since the 2022 Russian-Ukrainian war. We all…
Oil prices are inching higher this week. Brent crude climbed to about $67.30 per barrel, while U.S. West Texas Intermediate hit roughly $65.50. We see this rise because traders are watching the U.S.-China trade talks closely. These talks are happening in London, and both sides seem more open to easing tariffs. When big economies like…