Oil Prices Fall as Traders Weigh IEA Reserve Releases, Hormuz Risks
11 Articles
11 Articles
World oil prices have declined against the backdrop of the International Energy Agency (IEA) plans to accelerate the emergency release of stocks, outweighing fears of risks in the Middle East. The cost of the December Brent oil futures has declined by 0.9 per cent to $105 per barrel. At the same time, the December WTI oil futures have increased by 1.0 per cent, to $95.55 per barrel, written The Wall Street Journal. Traders are assessing the impl…
Oil: Second Week of Gains with Brent at $105 Despite Intervention by the International Energy Agency
Fragile balance in the market: on the one hand, the attacks in Hormuz maintain upward pressure on prices, on the other hand, the continuation of transits currently limits the risk of a new sharp surge.
Concern over supply also increased as attacks on the Strait of Ormuz intensified over the past 10 days
Oil prices fell slightly on Friday (16/10), but are on track for a weekly gain, as uncertainty over Middle Eastern supply and a larger-than-expected draw in U.S. crude inventories weigh on markets. At the same time, diesel refining margins in Europe fell after the International Energy Agency (IEA) decided to release additional diesel to the market. Against this backdrop, Brent crude futures fell 0.05% to $105.84 a barrel. U.S. West Texas Interme…
Oil prices fall this Friday (16), but they walk to close the week high, faced with uncertainties about the supply in the Middle East and a reduction in US crude oil stocks greater than expected. Future oil contracts Brent dropped 57 cents, or 0.54%, to US$ [...]
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