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Oil: what goes up must come down

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10 months ago

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http://www.euronews.com/ Crude prices have fallen as investors focused again on the grim economic situation.

Traders also were selling to take profits after the sharp gains in previous sessions.

Prices had jumped on geopolitical worries after Iran said it had successfully tested medium-range missiles capable of hitting Israel as a response to threats of attack, further stoking tension between Tehran and the West.

Tuesday’s price rise was also supported by expectations for more monetary policy stimulus, from central banks.

Also pushing up prices, Norwegian trade unions put off a decision to escalate a strike by offshore and gas workers until Friday, extending their battle with employers to nearly two weeks.

On Wednesday afternoon Brent crude oil was hovering around $100 per barrel after rising more than three percent in the previous session. Partly the rise was because traders were covering their positions before the US Independence Day holiday.

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Another Europe News

LIVE: Drones, bunkers and political turmoil: what’s going on in Lithuania? | Europe Today #110

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1 hour ago

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May 25, 2026

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Europe Today Explains: How is the EU fighting AI nudes?

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2 hours ago

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May 25, 2026

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Italy is in an uproar over AI-generated nude photos of Prime Minister Meloni.

This personal attack has fuelled a urgent discussion in Brussels on how to stop ‘nudification’.

So, what’s the plan? #EuropeToday’s @JanasReports.EU takes a look in this #EuropeTodayExplains.

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Latest news bulletin | May 25th, 2026 – Morning

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4 hours ago

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May 25, 2026

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Latest news bulletin | May 25th, 2026 – Morning

Catch up with the most important stories from around Europe and beyond this May 25th, 2026 – latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.

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Latest news bulletin | May 24th, 2026 – Evening

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5 hours ago

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May 25, 2026

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Latest news bulletin | May 24th, 2026 – Evening

Catch up with the most important stories from around Europe and beyond this May 24th, 2026 – latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.

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Grand Voyager | Exploring Bangkok & Beyond

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6 hours ago

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May 25, 2026

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Grand Voyager | Exploring Bangkok & Beyond

From golden temples to bustling markets, Bangkok is a city of vibrant contrasts. Join Lilly Douse as she uncovers its timeless spirit.

In partnership with Media City

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