Oil Prices Steady, Supported by Geopolitical Tensions, Weaker U.S. Dollar

Crude Below $65 Squeezes U.S. Shale, Even as Drivers Celebrate

Crude prices lingering below $65 are benefiting U.S. consumers at the pump, but they’re squeezing shale producers

Oil prices steady, supported by geopolitical tensions, weaker U.S. dollar

Brent crude futures gained 0.1 per cent to US$64.68 a barrel. West Texas Intermediate crude, meanwhile, was up 0.3 per cent, to US$62.68

Oil inches up on geopolitical concerns and weaker dollar

Brent Oil Steadies At $64.68 As Iran Signals Rejection Of U.S. Nuclear Proposal

Crude oil prices held firm on Tuesday as rising geopolitical tensions in the Middle East and Eastern Europe continued to support market sentiment. Brent crude oil, against which Nigerian crude oil is priced, rose by 5 cents or 0.1 percent to close at $64.68 per barrel by 11:00 a.m in Nigeria while U.S. West Texas […] The post Brent Oil Steadies at $64.68 as Iran Signals Rejection of U.S. Nuclear Proposal appeared first on Investors King.

Oil Steadies as Geopolitical Concerns and Weaker Dollar Support - Energy News, Top Headlines, Commentaries, Features & Events

Summary Iran set to reject US nuclear proposal US dollar weakens on fresh tariff threats OPEC+ to raise output by 411,000 bpd in July US crude inventories likely fell last week LONDON, June 3 (Reuters) – Oil steadied on Tuesday, supported by rising geopolitical tensions as Russia and Ukraine ramped up the war and Iran ...