Oil prices have rallied this year, booking three consecutive months of gains with U.S. crude adding 19% while Brent is up about 16%.
Crude oil futures edged lower Thursday, taking a breather as traders took stock of the market after prices advanced more than 2% this week to hit the highest level since October.
The crude oil rally comes as the wars in Eastern Europe and the Middle East raise renewed fears about supply disruptions. Ukraine has repeatedly struck Russian oil refineries, reducing the OPEC+ member's capacity.
Breaking News: Markets Oil And Gas Investment Strategy WTI Crude (Mar'23) ICE Brent Crude (Apr'23) Business News
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. crude oil hovers around $85 as traders take stock of rallyOil prices have rallied this year, booking three consecutive months of gains with U.S. crude adding 19% while Brent is up about 16%.
Read more »
Lockport voters reject $85 million plan for school repairs after ceiling collapseThe school board was seeking the $85 million bond issue after a ceiling collapse at the 114-year-old Lockport Township High School Central Campus in November.
Read more »
A Tech Magnate Is Asking $85 Million for His Extravagant Beverly Hills CompoundKnown as “Villa Theos,” Jim Demetriades's 2-acre spread has a main home and other structures geared toward everything from bowling to dancing.
Read more »
2 school funding bonds worth $85 million could be headed to Mat-Su votersOne bond would provide up to $70 million for charter school construction and the other would provide up to $15 million for maintenance projects.
Read more »