Oil up more than 1% on Iran sanctions, lower U.S. crude stocks

Oil up more than 1% on Iran sanctions, lower U.S. crude stocks

Brent crude futures were up $1.10 to $68.54 a barrel at 0842 GMT, while U.S. West Texas Intermediate crude rose $1.12 to $64.79

Oil Prices Rise Nearly 1% as U.S. Sanctions Iran, Trump Softens Fed and China Rhetoric

Oil prices rose almost 1% in early trade on Wednesday, extending the prior day's gains as investors weighed a fresh round of sanctions on Iran, a drop in U.S. crude stocks, and a softer tone from Donald Trump on the Federal Reserve. The market found support after Trump on Tuesday backed off from threats to fire Fed Chair Jerome Powell, after days of intensifying criticisms of him for not cutting interest rates. Trump also signaled the possibilit…

Oil price recovers significantly – Commerzbank

The post Oil price recovers significantly – Commerzbank appeared on BitcoinEthereumNews.com. The Brent oil price rose significantly yesterday and regained last Thursday’s interim high of just over $68 per barrel in the morning, Commerzbank’s commodity analyst Carsten Fritsch notes. Brent crude surges on sanctions and inventory drop “The price increase was triggered by signs of easing in the tariff conflict and further US sanctions against Iran. …

Sanctions And Shrinking Inventory Fuel Over 1% Oil Price Surge

Global oil prices rose by more than one percent on Wednesday following renewed sanctions on Iranian oil exports by the United States and a sharper-than-expected decline in U.S. crude inventories. The twin developments reignited supply concerns across the energy market and supported a fresh uptick in benchmark crude futures. Brent crude increased by $1.10 or […] The post Sanctions and Shrinking Inventory Fuel Over 1% Oil Price Surge appeared firs…

Oil up over 1% following sanctions on Iran, US inventory decline – Businessamlive

Onome Amuge Oil prices continued their upward trajectory on Wednesday, building on the previous day’s gains as the market absorbed some factors, including fresh US sanctions on Iran, a notable decline in US crude inventories, and a more conciliatory stance from President Donald Trump regarding the Federal Reserve. Brent crude futures gained $1, or 1.5 per cent, to settle at $68.44 a barrel by mid-morning in London. Simultaneously, US West Texas …

Oil Prices Rise on Iran Sanctions and Decline in US Crude Stocks - Energy News, Top Headlines, Commentaries, Features & Events

Summary U.S. President Trump softens tone on China and Powell Brent crude benchmark hits highest in almost three weeks Official U.S. crude stocks data at 1430 GMT (Reuters) – Oil prices rose on Wednesday after a fresh round of U.S. sanctions on Iran, a drop in U.S. crude stocks and a softer tone from U.S. ...