Tag: oil hits
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Oil hits multi-week highs after Houthi attacks on Saudi energy facilities
Sept 8 : Oil prices hit multi-week highs on Tuesday after Iran-backed Houthis attacked Saudi energy facilities and Tehran threatened the United States with “economic warfare”.Brent crude futures were up $2.00, or 2.06 per cent, at $99.00 a barrel by 0800 GMT. U.S. West Texas Intermediate crude was at $94.41 a
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Oil hits over 3-week high on Middle East supply concerns amid war impasse
LONDON, Aug 20 : Oil prices climbed to more than three-week highs on Thursday, driven by concerns that the impasse in the Iran war will continue to disrupt supply from the key Middle Eastern producing region.Brent crude futures for October delivery were up $2.19, or 2.39 per cent, to $93.81 a barrel at 1257 G
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Oil hits 3-week high on Middle East supply concerns amid war impasse
LONDON, Aug 20 : Oil prices climbed to three-week highs on Thursday, driven by concerns that the impasse in the Iran war will continue to disrupt supply from the key Middle Eastern producing region.Brent crude futures for October delivery rose $1.20, or 1.3 per cent, to $92.82 a barrel by 0813 GMT, while U.S.
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Oil hits three-week high on uncertainty over Hormuz
Aug 19 : Oil prices hit a three-week high on Wednesday as uncertainty over shipping through the Strait of Hormuz and ongoing supply disruptions supported the market.Brent crude futures climbed 45 cents, or 0.49 per cent, to $91.47 by 0754 GMT, while U.S. West Texas Intermediate crude futures were up 45 cents,
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Oil hits four-week high as US-Iran conflict escalates
July 14 : Oil prices rose on Tuesday to their highest in four weeks, after the U.S. reimposed a naval blockade of Iran and renewed attacks between Washington and Tehran heightened concerns over energy flows through the Strait of Hormuz.Brent crude rose to its highest since June 12 and WTI to its highest since
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Oil hits multi-week high, Wall Street slips as Iran tensions reignite
WASHINGTON, July 8 : Stocks were mostly lower and oil prices rose on Wednesday after U.S. President Donald Trump said the interim peace deal with Iran was “over” and the U.S. announced fresh military strikes.Oil prices settled nearly 5 per cent higher as tensions reignited in the Middle East and worries mount
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Trading Day: Stocks rally, oil hits pre-Iran-war lows as Strait of Hormuz reopens for business
NEW YORK, June 18 : A tech-powered rally boosted U.S. stocks on Thursday, while crude prices dropped as supertankers sailed through the reopened Strait of Hormuz hours after U.S. President Donald Trump signed a peace deal with Iran.With U.S. markets closed on Friday in observance of Juneteenth, Wall Street’s
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Oil hits 3-month low as US, Iran reach peace deal to reopen Strait of Hormuz
LONDON, June 15 : Oil prices slipped to a 3-month low on Monday after U.S. President Donald Trump and Iran’s deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz.Brent crude futures fell $4.33, or nearly 5 per cent, to $83.00 a…
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