UK petrol prices are expected to climb to their highest level of the year this weekend after renewed US attacks on Iran pushed global oil and fuel markets higher.
Oil Prices Heading Towards US$100 Mark For The First Time Since May
Oil prices jumped on Thursday as the fallout from the US-Iran conflict appeared to spread to the Red Sea.
Oil Surges Above US$95 as US-Iran Hostilities Continue
Oil prices climbed more than 4% on Wednesday as renewed fighting between the US and Iran raised fresh concerns over global energy supplies.
European gas prices hit a four-month high
European gas prices hit a four-month high on Monday as escalating tensions between the US and Iran fuelled fears of a supply crunch this winter.
Zak Mir and Clem Chambers discuss market outlook and risk
Zak Mir and Clem Chambers of Anewfn.com in conversation on market positioning, geopolitical risk, and trading tools.
Oil Could Reach $160 as Stockpiles Fall and Hormuz Risks Intensify
Oil prices could climb as high as US$160 a barrel, or potentially even further, if disruption around the Strait of Hormuz persists and global inventories continue to fall, according to
UK Pump Prices Rise Again as Crude Oil Costs Increase
UK petrol and diesel prices have started to rise again as higher crude oil prices feed through to wholesale fuel costs.
Trump Ceasefire Comments Raise Petrol Price Concerns
Donald Trump’s declaration that the US-Iran ceasefire is effectively over has been described as an “ominous” development for UK petrol prices.
Traders bet oil prices could hit five-month low
Traders on the prediction market Polymarket are increasingly positioning for further weakness in oil prices this month, after crude retreated to levels last seen before the conflict in Iran.
Diesel Prices Fall Nearly 17p a Litre After Oil Price Slide
UK diesel prices recorded their biggest monthly fall on record in June, according to RAC Fuel Watch data, as lower oil prices fed through to forecourts.
Petrol Prices Fall as Middle East Peace Hopes Ease Energy Market Fears
UK motorists are beginning to benefit from falling fuel costs as easing tensions in the Middle East drive oil prices sharply lower.
Goldman Sachs Cuts Oil Forecast as Hormuz Reopening Nears
Goldman Sachs has lowered its oil price forecasts after the emerging US-Iran peace agreement increased expectations that energy exports through the Strait of Hormuz will return to normal more quickly