Oil prices set for second weekly decline as Trump sticks with Iran blockade
Brent fell 0.29% and West Texas Intermediate dropped 0.63% as rising US inventories and softer refined-products demand pointed to weaker consumption.
6 Articles
6 Articles
Oil prices set for second weekly decline as Trump sticks with Iran blockade
NEW DELHI/PERTH, Nov 13 : Oil prices inched down on Friday and were headed for a second weekly decline as a continued US blockade of Iran eased fears of renewed fighting in the Middle East, though shipping attacks remained a supply risk.Brent futures fell 28 cents, or 0.29 per cent, to $95.54 a barrel at 0527
Oil Prices Head for Second Weekly Loss Despite Fresh Middle East Attacks
Crude oil prices were on course to book their second week of losses today, after two consecutive days of gains on news from the Middle East. At the time of writing, Brent crude was trading at $95.87 per barrel, with West Texas Intermediate at $88.49 per barrel. These price levels are a sharp decline from the peaks hit in mid-October, but are still significantly higher than what Brent crude and WTI traded at in February, before the war started. S…
For the second week in a row, oil prices are on a downward trend, although things look mixed today. In the evening live trading session, ...
#Swalev's oil prices tend to record losses for the second consecutive week, despite continuing threats to the Middle East's energy supply, with the performance of standard raw materials varying during Friday's dealings, as the US embargo on Iran continues and the prospects for renewed large-scale military confrontations decline. Burnett's future contracts fell to $95.41 a barrel, while... this oil content tends to record losses for the second we…
Oil prices fell on Friday, heading for a second straight weekly drop, as the US blockade of Iran eased fears of renewed fighting in the Middle East. This is reported by Reuters.
Oil prices fall despite Houthi attacks on Saudi energy infrastructure.
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