Oil Holds Steady, on Track for Weekly Fall on US-Iran Talks Stalemate
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9 Articles
Oil prices remained stable on Friday and pointed to a weekly fall, while operators weighed the stagnation of diplomatic negotiations between the United States and Iran against some crude flows across the Strait of Ormuz. Brent crude futures dropped 5 cents to 89.65 dollars a barrel at 1126 GMT. West Texas Intermediate’s dropped 41 cents, or 0.49%, to 83.12 dollars. Both benchmarks were headed to close the week down, with Brent falling 5.3% and W…
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Oil Prices Head for Weekly Loss as Rising Gulf Exports Offset Iran Tensions
Oil prices fell on Friday and were on track to end a two-week run of gains as traders weighed persistent geopolitical tensions in the Middle ... The post Oil Prices Head for Weekly Loss as Rising Gulf Exports Offset Iran Tensions first appeared on [your]NEWS.
Oil prices today: Crude holds steady, heads for weekly losses as Hormuz flows remain choppy
Oil prices remained largely steady on Friday. Both Brent and WTI benchmarks were set for sharp weekly declines. Stalled US-Iran diplomatic talks and uneven Hormuz crude flows influenced traders. India's MCX crude futures also traded lower on Friday. Market sentiment shifted as economic sanctions replaced military pressure.
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