Oil Prices Fall as Investors Weigh Supply Outlook, Middle East Tensions
Brent and WTI reversed gains as traders weighed Strait of Hormuz shipping risks against a U.S. plan to ease sanctions on tankers.
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9 Articles
Oil Price Today (October 15): Crude oil dips to $105 despite rising Middle East tensions. Here’s why
Brent crude futures declined $1.50, or 1.41%, to $104.55 a barrel, while US West Texas Intermediate (WTI) crude futures dropped $1.02, or 1.07%, to $94.07. Both benchmarks reversed gains made in the previous session.
Channel News Asia
Oil prices fall as investors weigh supply outlook, Middle East tensions
BEIJING, Oct 15 : Oil prices fell more than $1 in early trade on Thursday as investors weighed risks to supply from attacks on shipping through the Strait of Hormuz against US efforts to cut petroleum shipping costs by easing sanctions on vessels.Brent crude futures fell $1.39, or 1.31 per cent, to $104.67 a
Oil prices fell by more than one dollar a barrel on Thursday, while investors assess the risks to supply caused by attacks on ships in the Ormuz Strait and the possibility for the United States to relax sanctions against oil tankers.
Oil prices fell below $105 on international markets on Tuesday as signs of higher Saudi production overshadowed attacks on tankers near the Strait of Hormuz.
Why are oil prices suddenly falling despite fresh attacks on Middle ...
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