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1 day ago · Economists and oil market analysts have hiked their oil price forecasts for 2026 amid rising geopolitical tensions and heightened war premium due to the U.S.-Iran standoff. Oil prices fell on Tuesday morning as concerns about oversupply increased after OPEC’s decision to pause supply hikes and as a stronger U.S. Oil prices fell by about 1.5% early on Thursday as U.S.
Oil prices rose early on Friday as protests in Iran continued to escalate, unnerving market participants that one of the biggest oil producers in the Middle East could see supply threatened. Despite positive reports from OPEC and the IEA, as well as supportive US inventory draws and new geopolitical risks in the Caspian Sea, oil prices surprisingly fell nearly 2% as market. Oil prices fell due to concerns about President Trump's tariffs and potential global recession, with West Texas Intermediate crude briefly dipping below $60 per barrel.
Crude Oil Prices Today | OilPrice.com.
Oil Prices Rise as Protests in Iran Escalate | OilPrice.com.
Oil Prices Drop 2% Despite Wave of Bullish News.
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