Brent oil dips below $80 per barrel for first time since March
Optimism over a tentative U.S.-Iran deal eased supply fears as Brent crude fell 5.7% to $78.96, the lowest since early March.
- Wall Street rallied on optimism over a potential US-Iran peace deal, with stocks and bonds surging overnight.
- Oil prices fell to a three-month low Monday, marking a transition from acute disruption risk to managed geopolitical risk, according to Jorge Leon of Rystad Energy.
- The Dow Jones Industrial Average and Nasdaq Composite both closed at record highs, while the S&P 500 jumped 1.7 per cent and the Nasdaq Composite surged 3.1 per cent.
- Clay Seigle of the Center for Strategic and International Studies said traders were relegated to the sidelines, calling Wall Street 'pollyannish' because 'you're basically going up against Trump.'
- Traders await a briefing from Japan Deputy Governor Shinichi Uchida to explain the Bank's rate-hike decision, as Governor Kazuo Ueda remains absent for medical treatment.
176 Articles
176 Articles
Joplin Globe
KTBSWorld shares are mixed and oil trades below $80 on optimism over interim US-Iran war deal
World shares are mixed and oil is trading below $80 a barrel as investors watch for details on the interim agreement to end the U.S.-Iran war. U.S. futures are also mixed ahead of a policy decision by the Federal Reserve,…
Idaho Press
SooLeader.comShares mostly advance and oil trades below $80 on optimism over interim US-Iran war deal
Asian shares are mostly higher and oil is trading below $80 a barrel, as markets watch for details on the interim agreement to end the U.S.-Iran war. U.S. futures edged higher after Wall Street closed mixed Tuesday and ahead of…
Going below $80 a barrel.
The Express Tribune
Oil dips as investors weigh deal on Iran war as uncertainty persists on Hormuz
Oil prices inched lower on Wednesday, extending the previous session's declines as investors assessed the US-Iran peace deal, though uncertainty over the full resumption of shipping through the Strait of Hormuz limited further falls. Brent crude futures dipped 16 cents, or 0.2%, to $78.80 a barrel by 0340 GMT, while US West Texas Intermediate fell 25 cents, or 0.3%, to $75.80 a barrel. Both benchmarks fell about 5% for a second straight sessio…
Stock market opens higher for fourth day as Brent crude slips below $79
Indian benchmark indices opened higher for a fourth straight session as crude oil prices extended their fall after the US-Iran peace agreement. Lower oil strengthened the market mood, though weak monsoon progress remained a key risk for inflation.
The price of the Brent barrel, the main reference to the cost of crude oil on the international market, has been reduced by $10 in just four days, coinciding with the rumors, confirmed on the night of last Sunday, of an agreement between the United States and Iran to open the Strait of Ormuz and end the war. Brent fell this Tuesday from $80 for the first time since March 3, to the few days of the beginning of the conflict. And after registering …
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