Singapore : U.S. oil prices hit their highest since 2015 again on Tuesday as speculators bet on further price rises amid OPEC-led production cuts and a dip in American drilling activity, though some warned the rally could run out of steam.
United States West Texas Intermediate (WTI) crude futures were at $62.24 a barrel at 0252 GMT - 51 cents, or 0.8 percent, above their last settlement.
They earlier marked a May-2015 high of $62.56 a barrel. Beyond that 2015-high, which was a short intra-day spike, Tuesday´s peak was the strongest level for WTI since December, 2014, at the start of the oil market slump.
Brent crude futures were at $68.22 a barrel, 44 cents, or 0.65 percent, above their last close. Brent touched $68.27 last week, its highest since May, 2015.
Honda officials posing for a photgraph. —APP/FileKARACHI: Honda Atlas Cars Pakistan Ltd has achieved a major...
SOS children village's children showing bags donated by Emirates International Airlines. — Emirates...
Automobiles at the shipping terminal are shown from the view of a drone in San Diego, California, US, March 26, 2025....
A representational photo of clash between police and protesters. —AFP/FileLAHORE: Pakistan’s governance crisis has...
A woman holds a smartphone displaying the logo of social network X . — AFP/FileElon Musk said his xAI artificial...
A representational image of a person using his cellphone for a digital transaction. — Unsplash/FileKARACHI: Chief...
