US EditionWall Street, global markets mostly lower and oil prices drop $2 on hopes for a US-Iran nuclear deal
- Oil prices fell sharply on Thursday following U.S. President Donald Trump's statement that a nuclear deal with Iran was close, during his Middle East tour in Qatar.
- The renewed U.S.-Iran negotiations, which began last month and held their fourth round Sunday, follow Trump’s 2018 withdrawal from the three-year-old deal and ongoing sanctions.
- Iran's top advisor Ali Shamkhani indicated Tehran could accept significant atomic program curbs in exchange for sanctions relief, raising hopes for a peaceful resolution.
- WTI crude dropped over 4% to roughly $60.58 per barrel, while Brent fell nearly 3.8% to $63.52, partly due to a 4+ million barrel inventory build and increasing optimism on a deal.
- The developments eased fears of military conflict but left markets cautious given ongoing trade tensions, business uncertainty, and mixed global equity performances.
100 Articles
100 Articles
Oil prices settled down 2% on expectations for US-Iran nuclear deal
LONDON: Oil prices settled lower on Thursday (May 15) on expectations for a US-Iran nuclear deal that could result in sanctions being eased and more barrels released onto the global market. Brent crude futures settled down US$1.56, or 2.36 percent, to US$64.53 a barrel. US West Texas Intermediate crud
Oil Plummets in the Hope of a Nuclear Deal with Iran and Mixed-Quota Markets
Global stock exchanges operate cautiously as investors evaluate US economic data and companies warn that they will not be able to absorb the impact of tariffs without raising consumer prices
Stock Market Live May 15: Trump Talk Forces Oil Prices Lower, and the S&P 500 (VOO), Too
Live Updates Live Coverage Updates appear automatically as they are published. Time to Stop Selling Foot Locker 12:13 pm As you’ve probably heard by now, Dick’s Sporting Goods (NYSE: DKS) is buying Foot Locker (NYSE: FL) for $2.4 billion. It was a surprise move that caught JPMorgan flat-footed. Foot Locker stock is up 85% today on Dick’s bid (Dick’s itself is down 14%), saddling JPMorgan with a big loss on its recommendation. But when you’re…
The News-Herald
Wall Street, global markets mostly lower and oil prices drop $2 on hopes for a US-Iran nuclear deal
By ELAINE KURTENBACH and MATT OTT, Associated Press Business Writers Wall Street veered lower before the opening bell Thursday and oil prices fell more than $2 a barrel as optimism over a possible U.S.-Iran nuclear deal rose. Futures for the S&P 500 and Dow Jones Industrial Average each fell 0.4%. Nasdaq futures dipped 0.6%. President Donald Trump, visiting Qatar as part of a three-country Middle East tour, has urged the nation to use its influe…
Oil sinks amid demand concern and eventual nuclear agreement between the US and Iran
Oil prices are falling sharply at this time amid concerns over lower demand, rising reserves in the US and also the possibility of a nuclear deal between Iran and Washington.The Brent crude reference for Europe drops by 3.1%, to US$ 64.06 per barrel, while the WTI barrel reference for the US and also Chile falls by 3.3%, to US$ 61.08 per barrel.The market digests the surprise increase in inventories from the American Petroleum Institute (API) du…
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