Crude Oil Prices Hit Six-Month High as Iran War Escalation Fears Grow
11 Articles
11 Articles
Oil prices rose to peaks yesterday since the end of April, in its fourth consecutive month of rise, as operators were preparing for a possible escalation of the conflict with Iran following the legislative elections in the United States and after more attacks in the Strait of Hormuz, events that highlighted the risks to the supply of crude oil. Brent for delivery in December, whose contract expired on Friday, climbed $2.76 (2.4 percent) to $117.…
Crude Oil Prices Hit Six-Month High as Iran War Escalation Fears Grow
By Adedapo Adesanya Crude oil prices jumped more than 2 per cent on Friday and settled at their highest levels since the end of April, as traders braced for a potential escalation in the Iran war after the US midterm elections. Brent crude futures gained $2.76 or 2.4 per cent to trade at $117.64 a barrel, while US
News of the Day and the Hour Latest News of today The OPEC+ alliance, led by Saudi Arabia and Russia, will evaluate this Sunday if it adjusts its oil supply in December, in a market conditioned by renewed tensions in the Middle East and the consequent increase in oil prices.The decision will be agreed by videoconference between ministers of the Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman branch, according to the Organizatio…
HOUSTON - Oil prices rose more than 2% in late October trading to their highest level in six months as markets anticipate further escalation of the Middle East conflict after the US midterm elections, Reuters and Bloomberg reported.
The OPEC+ alliance, led by Saudi Arabia and Russia, will evaluate this Sunday if it adjusts its oil supply in December, in a market conditioned by renewed tensions in the Middle East and the consequent increase in oil prices. Read
Oil prices rose more than 2 percent in late October trading to their highest level in six months as markets anticipate further escalation of the Middle East conflict after the US midterm elections, Reuters and Bloomberg reported.
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