Oil prices jump $2 as Iran knocks hopes of diplomatic progress
22 Articles
22 Articles
Expectations of a diplomatic rapprochement between the United States and Iran helped moderate oil pressures and improved the mood of investors around the world.
Oil prices jump $2 as Iran knocks hopes of diplomatic progress
LONDON: Oil prices jumped by more than $2 on Wednesday after Iran said there was little reason to expect diplomatic progress with the US, leaving the Brent benchmark hovering near five-month highs, with further market support from falling US crude and product inventories. Brent crude futures gained $2.06, or 1.9%, to $110.85 a barrel by 1048 GMT. US West Texas Intermediate (WTI) crude was up $2.13, or 2.2%, at $99.95. In the previous session, Br…
<p>Brent oil fell after a five-month high — helped by Brent falling to $108.79 and WTI to $101.79 per barrel. The market assesses the Iran-Pakistan talks and the risks of attacks in the region.</p>
(New York = Yonhap News) Correspondent Lim Soo-jung = International oil prices hit a five-month high during trading on the 20th (local time) due to concerns over crude oil supply disruptions in the Middle East, but then the U.S. and...
Prices are adjusted for the expectation that US and Iranian negotiations will resume.
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