Brent Holds Above $100 as Hormuz Tanker Traffic Hits Two-Month Low
5 Articles
5 Articles
However, uncertainty is maintained by information about American strike plans, attacks on tankers in Hormuz, and the interruption of approximately 1.3 million barrels of daily production in the Gulf of Mexico.
<p>Oil fell to $91 per barrel after Trump's statement on Iran, Brent holds above $104 WTI fell to $91.19 after Trump's announcement of talks with Iran. Brent was above $104 the day before.</p>
Brent Holds Above $100 as Hormuz Tanker Traffic Hits Two-Month Low
Crude oil prices were on course to book a weekly gain earlier today amid a flurry of tanker attacks in the Strait of Hormuz—and outside it, too. Reports citing President Trump as saying productive talks were being held with Iran failed to allay concerns driving the benchmarks higher. At the time of writing, Brent crude was trading at $102.83 per barrel, with West Texas Intermediate at $90.33 per barrel, both slightly down from opening but higher…
Oil prices are falling in the morning hours of October 9. US President Donald Trump's statement that there will be no attack on Iran before the November elections and statements about progress in talks with Tehran have partially eased concerns about oil supplies from the Middle East. Brent crude futures fell 0.7% to $103.53/barrel, while US WTI crude fell 0.6% to $90.97/barrel, Banker.az reports. […]
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