17 Articles
17 Articles
Oil prices fall as hopes for peace talks offset fears of growing Middle East conflict
Oil prices fell on Thursday, paring gains made a day earlier, as hopes for peace talks took the edge off renewed concerns over Middle East supply disruptions from escalating regional conflict. Brent crude futures declined 85 cents, or 0.7%, to $114.47 a barrel by 0720 GMT. US West Texas Intermediate (WTI) crude futures were down $1.13, or 1.1%, at $101.65. Brent rose 1.3% and WTI gained 3% on Wednesday. US Vice President JD Vance sought to reviv…
Brent and WTI crude oil prices fell simultaneously on October 29th as expectations of renewed US-Iran talks eased concerns about supply disruptions, despite lingering geopolitical risks in the Middle East. Gold prices also fell due to pressure from oil prices and US bond yields. Oil prices continued to rise amid concerns about potential supply disruptions in the Middle East. Brent crude rose to $115.98 per barrel following the refinery attack.
Oil prices fell in Asian trade, erasing part of yesterday's rise. The reason is renewed hopes for peace talks between the United States and Iran, which eased concerns about supply disruptions due to the conflict in the Middle East. Additional pressure on quotes is exerted by expectations of increased production in Russia. This was reported by Reuters, noting that tensions around Saudi Arabia continue to limit the decline. Brent fell to $ 114 per…
Oil prices fell on Thursday, October 29, as hopes for peace talks eased renewed concerns about supply disruptions from ...
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