Oil prices rise — Brent $64.08, WTI $60.23 What happened: The prices of Oil rose after growing optimism the US government will reopen. Brent was at $64.08/bbl and WTI at $60.23/bbl on Nov 10 as the US Senate moved toward a funding vote. (reuters.com) Immediate reaction: Markets priced improved risk appetite; OPEC+ agreed a slight…
Oil prices rise on hope US shutdown ends after 40 days On November 10, oil prices rose on hopes the US government shutdown, now in its 40th day, will end soon. Brent crude futures climbed 47 cents (0.74%) to $64.10 per barrel and WTI rose 50 cents (0.84%) to $60.25 per barrel. (reuters.com) Indian refiners,…
India’s US crude oil imports have surged to a multi-year high, reaching 540,000 barrels per day (bpd) as of late October (Kpler data). This figure marks a significant 80% jump compared to the year-to-date average of 300,000 bpd. The sharp increase, the highest since 2022, is driven by favorable arbitrage due to a strong Brent-WTI…
