By Helen Clark PERTH, Jan 23 (Reuters) - Oil prices rebounded on Friday after U.S. President Donald Trump renewed threats against major Middle Eastern producer Iran, raising concerns of military action that could disrupt supplies.

An abrupt surge in oil prices could cause inflation to rise and spark volatility in markets. Brent on Tuesday jumped to the highest level since November.

Oil prices climbed Tuesday, with U.S. benchmark prices settling back above $60 a barrel for the first time in nearly a week, with traders likely “giving much more credence” to the International Moneta

By Katya Golubkova and Emily Chow TOKYO, Jan 21 (Reuters) - Oil prices fell on Wednesday as an expected build-up of U.S. crude inventories outweighed a temporary halt in output at two large fields in Kazakhstan and geopolitical pressure from U.

Trump’s North Sea claims were widely disputed, as regulators like the North Sea Transition Authority say the basin is mature.

Oil made headlines for plummeting prices in 2020 due to the impact of COVID-19. Here, we review what happened to oil prices in 2020.

By Stephanie Kelly LONDON, Jan 21 (Reuters) - Oil prices dipped on Wednesday as investors assessed expectations of a build in U.S. crude inventories, a temporary shutdown at two large fields in Kazakhstan and fresh geopolitical tension tied to U.

Oil prices closed 0.5 per cent higher on Wednesday on optimism around tighter supply after a temporary shutdown at two large fields in Kazakhstan and as low volume of Venezuelan oil exports highlighted slow progress in reversing output cuts in the South American country.