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Back to stories
5 sources6d ago

Oil set for weekly gain of over 7% on supply disruptions; US diesel hits record high

Reuters - Oil prices slipped on Friday but were still up more than 7% for the week and U.S. diesel prices ‌hit a record high as attacks along key Middle East shipping routes stoked prolonged supply disruption fears. Brent crude futures were down $3.75, or 3.48%, to $103.88 a barrel at 1012 GMT. U.S. West...

Ada Derana Biz•6d ago
By Biz Editor
Read full article

Summary

Reuters - Oil prices slipped on Friday but were still up more than 7% for the week and U. diesel prices ‌hit a record high as attacks along key Middle East shipping routes stoked prolonged supply disruption fears. Brent crude futures were down $3.75, or 3.48%, to $103.88 a barrel at 1012 GMT.

Summarised from Ada Derana Biz

What this story is about

People
  • Donald Trump3
  • Prashant Newnaha
  • Nick Twidale
  • Vasu Menon
Organisations
  • U.S. Treasury5
  • Treasury Department4
  • U.S. Strategic Petroleum Reserve3
  • Mortgage News Daily3
  • Bloomberg News3
  • ING3
  • Reuters2
  • Islamic Revolutionary Guard Corps
Places
  • United States8
  • Middle East6
  • Saudi Arabia4
  • Iran4
  • Persian Gulf3
  • Dallas3
  • Iran.Trump2
  • Yemen2
Keywords
  • oil9
  • prices8
  • yields6
  • since4
  • bond4
  • jump4
  • soar4
  • time4
  • may4
  • supply3

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Also reported by

5 newsrooms have reported this story

  • Global bonds buckle as surging oil prices inflame inflation risksAda Derana Biz·6d ago
  • Oil prices soar to $108 for the first time since May as bond yields jumpDaily Mirror·6d ago
  • Oil prices soar to $108 for the first time since May as bond yields jumpHiru News - English·6d ago
  • Oil prices soar to $108 for the first time since May as bond yields jumpHiru News - English·6d ago
  • Oil prices soar to $108 for the first time since May as bond yields jumpAda Derana·6d ago
  • Oil Prices Keep Climbing as Iran War Rocks Global SupplyNewsWire English·6d ago
Show 4 more
  • Oil prices surge as Middle East tensions threaten supplyHiru News - English·6d ago
  • Asian stocks wilt as Brent holds above $100, yields near 2023 peakHiru News - English·Sep 10, 2026
  • Asian stocks wilt as Brent holds above $100, yields near 2023 peakAda Derana Biz·Sep 10, 2026
  • Global oil prices hit $101 per barrel as Middle East conflict roils marketsAda Derana·Sep 10, 2026
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