Oil traders take some profits off the table near multi-month highs.
Market chatter of Brent crude oil futures hitting the psychological $100 per barrel level is firmly back on. That's after the Brent front-month contract hit a high $91.59 on Friday (April 5, 2024) bef

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Israel Prime Minister Benjamin Netanyahu vowed late Monday to press on with an offensive against the southern city of Rafah.
Oil futures edged higher early Tuesday, finding support as hopes for a cease-fire in Gaza faded after Israeli Prime Minister Benjamin Netanyahu reiterated a pledge to invade the city of Rafah.
Middle East unrest and Israel-Hamas conflict spike oil volatility and prices, while global demand shifts and supply changes influence market trends.
Prices for heavier crude oil along the U.S. Gulf Coast have climbed in recent weeks, trading at a rare near-par with lighter oil, a sign of supply tightness that could add to rising gasoline prices.
With Brent and WTI oil prices surging amid Middle East unrest, experts watch for potential spikes as geopolitical tensions threaten supply
Oil prices rose in early Asian trading after hopes diminished that negotiations between Israel and Hamas would lead to a ceasefire in Gaza and ease tension in the Middle East.
Israel's Prime Minister Benjamin Netanyahu noted that there was a date for a Rafah operation, providing additional support to oil markets.
A top Iranian military advisor warned Israel over the weekend that its embassies could be targeted.
Oil futures pulled back modestly early Monday after Israel said it withdrew more soldiers from southern Gaza and news reports said both Israel and Hamas had sent delegations to Cairo for cease-fire ta
Oil futures fluctuate sharply due to Middle East, Ukraine tensions; Brent crude stays positive despite technical challenges.
As Middle East tensions wane, Brent crude dips below $90, signaling a potential buying opportunity in the oil market.
Oil prices slipped 1% in early Asian trade on Monday as tensions in the Middle East eased after Israel withdrew more soldiers from southern Gaza and committed to fresh talks on a potential ceasefire i
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