Brent Crude Nears $98 as US-Iran Strikes Raise Supply Risks
13 Articles
13 Articles
Oil Jumps to 6-Week High as US-Iran Strikes Escalate
Oil jumped to its priciest level in six weeks Monday after US-Iran hostilities over the weekend. Brent crude climbed 1.5% to $97.73 a barrel, briefly nearing $98, while West Texas Intermediate rose 1.8% to $93.10—both peaks not seen since late July, CNBC reports.The moves...
Today ' s oil prices have risen to their highest level in six weeks, at a time when tensions have escalated in the Middle East, leading to a sharp decline in oil supplies from the region.
Oil rose this Monday (7), coming back to the US$100 mark per barrel, after the United States and Iran exchanged new attacks this weekend, contributing to fuelling tensions in the Middle East. Due to the Labor Day holiday in the United States, which left the American markets closed, the pot was of lower volume of negotiations. At the closing, Brent type oil (world reference) with maturity in November had a high of 0.75%, quoted at US$97.00 per ba…
The price of Brent oil - of reference in Europe - rose by 0.75% to US$97 per barrel (14:04 EDT), while the cost of West Texas Intermediate crude (WTI) - of reference in the US- rose by 1.37%, up to 92.73 ‘green tickets’ per barrel, according to Bloomberg, after exchanging the United States and Iran new attacks during ... Continue reading "The barrel of oil continues under pressure after new exchange of attacks between the US and Iran"
Negotiated at the London Intercontinental Exchange (ICE), Brent oil for March, closed at 0.75% (US$ 0.72), at $97.00 the barrel
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