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October 16, 2026

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FRIDAY, OCTOBER 16, 2026

Brent crude

Brent crude

The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, US November 24, 2019. Photo: REUTERS/Angus Mordant/File Photo

Oil prices inch up on geopolitical tensions, OPEC+ supply plans

Brent crude futures rose 23 cents, or 0.3%, to $73.85 a barrel by 0700 GMT, while US West Texas Intermediate crude futures gained 19 cents, or 0.3%, to $70.13

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, US April 21, 2020. Photo: REUTERS/Drone Base/File Photo

Oil prices steady with focus on Israel-Hezbollah ceasefire, OPEC+ policy

A view shows oil tanks of Transneft oil pipeline operator at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. Photo: REUTERS/Tatiana Meel/File Photo

Oil prices ease, Russia, Iran tensions check losses

A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. Photo: REUTERS/Benoit Tessier/File Photo

Oil prices settle up 1% at 2-week high as Ukraine war intensifies

Representational Photo: Collected

India says oil prices would have rocketed without its Russian imports

Storage tanks for crude oil, gasoline, diesel, and other refined petroleum products are seen at the Kinder Morgan Terminal, viewed from the Phillips 66 Company's Los Angeles Refinery in Carson, California, US, March 11, 2022. Picture taken with a drone. Photo: REUTERS/Bing Guan/File Photo

Oil gains more than $1 after OPEC+ delays output hike

A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. Photo: REUTERS/Dado Ruvic/Illustration/File Photo

OPEC+ could delay December oil output hike

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, US April 21, 2020. Photo: REUTERS/Drone Base/File Photo

Oil falls 3% as concerns ease on potential Iran supply disruption

A drone view shows flames emerging from flare stacks at Nahr Bin Umar oil field, in Basra, Iraq June 30, 2024. Photo: REUTERS/Mohammed Aty/File Photo

Iraqi oil output was below OPEC+ quota in September: government official

A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. Photo: REUTERS/Benoit Tessier/File Photo

Oil prices rise on US storm, fears of Israel-Iran conflict

Representational image. Photo: Reuters

Oil retreats as investors pare bets on Middle East war risk after sharp rally

Representational image. Photo: Reuters

Oil settles up, biggest weekly gains in over a year on Middle East war risk

A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. Photo: REUTERS/Dado Ruvic/Illustration/File Photo

Oil prices jump more than $1 as Middle East tensions escalate

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