Brent Crude Oil Price Falls Below $90 a Barrel on Hopes of Iran Deal
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Times of India
The Economic TimesBrent crude oil price falls below $90 a barrel on hopes of Iran deal
Oil prices fell around 5 percent to below $90 a barrel on Tuesday after US President Donald Trump again said an Iran peace deal could be close. The international benchmark Brent crude fell below $90 for the first time since April 14, while its US counterpart, West Texas Intermediate crude fell to around $86 a barrel.
The price of the barrel of West Texas Intermediate, for delivery in July, lost 3.40%. The post Oil: Trump threatens Iran, the market still bets on an agreement appeared first on Les Affaires.
The Brent oil barrel, of reference in Europe, fell this Tuesday to 91.20 dollars, which means an intraday reduction close to 3.15% in the face of the expectation that Iran’s war will soon end due to statements by the president of the United States, Donald Trump, pointing in this direction. [...] The entry The price of oil is on the verge of 90 dollars in the face of the expectation of a peace agreement in Iran appears first in Forbes Spain.
The price of international benchmark Brent crude fell below $90 for the first time since April 14, while its US counterpart, West Texas Intermediate, fell to around $86 per barrel.
Brent crude oil prices, which rose to $98 per barrel yesterday, fell to $89.61 as the possibility of a diplomatic solution between the US and Iran strengthened and Israel lifted security restrictions. Trump's statement of 'complete victory within two weeks' boosted optimism in the markets.
The price of oil on Tuesday is as low as it has been since mid-April.
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