Oil prices fall nearly 3% on signs of progress in U.S.-Iran talks, demand fears
- Crude oil prices declined at the start of this week, influenced by several factors.
- Negotiations between the U.S. And Iran about a nuclear deal added to the downward pressure.
- OPEC+ decided to increase daily supply by 411,000 barrels starting in May, impacting prices.
- IG analyst Yeap Jun Rong told Reuters that tariffs impacting global growth add pressure.
- Oil prices fell more than 2% on Monday, with Brent at $66.15 a barrel.
21 Articles
21 Articles
Oil Prices Down on US-Iran Talks Progress, Tariffs Headwinds
By Adedapo Adesanya On Monday, oil prices fell by nearly 3 per cent on signs of progress in talks between the United States and Iran, while investors remained concerned about economic headwinds from tariffs that could curb fuel demand. Brent crude depreciated during the session by $1.93 or 2.8 per cent to $66.03 a barrel […]
Oil falls more than 2% with signs of progress in negotiations between USA and Iran - Global Happenings
Future Brent oil contracts fell $ 1.70, or 2.5%, to $ 66.26 per barrel, after closing up to 3.2% on Thursday. (Image: Reuters/Stringer/Archivo) The prices of oil closed with a drop of more than 2% on Monday (21), due to signs of progress in negotiations between the United States and the Iranwhile investors remained concerned about the economic contrary winds of tariffs that could reduce the demand for fuel. Future Brent oil contracts fell …
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