US EditionOil Rises on Growing Fears of Supply Disruptions in Iran
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8 Articles
Oil Rises on Growing Fears of Supply Disruptions in Iran
Oil prices rise after opening the session lower, driven by mounting concerns about potential U.S. actions in Iran and the risk of supply disruptions in the region. Brent crude and WTI both rise 0.7% to $65.94 a barrel and $61.57 a barrel, respectively. "Investors' perceptions of the upside risks h
WTI posts modest gains above $60.00 as traders assess Iran protests
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.35 during the Asian trading hours on Thursday. The WTI price edges higher amid persistent tensions in Iran. Traders will closely monitor the latest geopolitical developments surrounding the Iranian civil unrest.
The barrel of Brent crude for delivery in March rose again this Wednesday (1.61%), to exceed 66 dollars and to be placed at the close of the session in the London Futures Market at 66.52 dollars, in the face of renewed fears in the market for possible interruptions in supply from Iran. The crude oil of the North Sea, of reference in Europe, advanced 1.06 dollars per barrel in the Intercontinental Exchange (ICE) with respect to the closing of the…
Analysts noted, however, that protests had not spread to major Iranian oil producing areas, limiting the effect on actual supply
Oil price rises to $66 per barrel amid potential Iran supply disruptions
Crude oil prices rose on Wednesday as markets grew concerned about potential disruptions to Iranian supply amid fears of a US strike on Iran and possible Iranian retaliation targeting US regional interests. Brent crude rose by 1.13 percent to $66.21 a barrel while US West Texas Intermediate crude oil increased by 1.05 percent to $61.79 a barrel. According to Reuters, earlier today, Tehran, the country’s capital, warned neighbours hosting US …
WTI Oil Price Rises Above $60 - ActionForex
As the XTI/USD chart shows, the price of a barrel climbed above $60 this week, reaching a one-month high. The main bullish driver has been large-scale anti-government protests in Iran, which could lead to a change of power and/or military action. Trump has voiced support for the protesters and threatened 25% tariffs on all countries […] The post WTI Oil Price Rises Above $60 appeared first on ActionForex.
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