Oil prices bounced back today, recovering some of the previous day’s losses, as growing tension in Eastern Europe and the Middle East fuelled concerns over possible supply disruptions. Brent crude futures rose 61 cents, or 0.7%, to $86.88 a barrel this morning after touching a session high of $87.27 a barrel earlier, reversing a 1.8%…
Tag Archives: Fossil fuels
Oil prices rose for a fourth day today as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates. Brent crude futures rose 39 cents, or 0.5%, to $87.90 a barrel this morning, adding to a 1.2%…
A group of truckers and hauliers are leading convoys from the main motorways around Dublin into the city centre today, protesting for “lower fuel costs at the pump and at home”. The group, describing itself as Irish Truckers Haulage Association Against Fuel Prices, said it is protesting for “lower fuel costs at the pump and…
Oil prices fell on Monday, unnerved by the prospect that a recovery in fuel demand could be derailed by a rise in the pace of coronavirus infections around the world. Brent crude LCOc1 was down 25 cents, or 0.6%, at $42.89 a barrel, after dropping slightly last week. U.S. oil was off by 22 cents,…