Tag: Oil prices
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Oil prices steady at pre-Iran war levels
July 6 : Oil prices were stable around pre-Iran war levels on Monday as Saudi Arabia slashed its official selling prices and after OPEC+ agreed to further increase its output targets from August, while exports from key producers via the Strait of Hormuz are recovering.Brent crude futures fell 4 cents, or 0.06
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Oil prices stable as US-Iran peace efforts hold
LONDON, July 3 : Oil prices were steady on Friday and little changed for the week as traders held on to hopes that attempts to secure peace in the Middle East between the United States and Iran would succeed.Brent futures were up 17 cents, or 0.24 per cent, to $71.97 a barrel at 0932 GMT.…
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Oil prices little changed ahead of long US weekend as peace efforts hold
PERTH, July 3 : Oil prices were little changed on Friday before a long holiday weekend in the U.S., as traders held on to hopes that attempts to secure peace in the Middle East between the United States and Iran would succeed.Brent futures climbed 7 cents, or 0.1 per cent, to $71.87 a barrel as…
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Oil prices rise as breakdown in Iran-US talks raises supply concerns
NEW DELHI, July 1 : Oil prices rose on Wednesday on concerns breakdowns in discussions between Iran and the U.S. for a final agreement to end their war may extend supply disruptions in the key Middle East producing region.Brent futures rose 33 cents, or 0.45 per cent, to $73.28 a barrel at 0339 GMT, while…
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Oil prices little changed but set for steepest monthly and quarterly loss since 2020
June 30 : Oil prices were little changed on Tuesday but were headed for their biggest monthly and quarterly losses since the COVID-19 pandemic in early 2020, with investors eyeing potential U.S.-Iran talks in Doha amid a strained interim ceasefire in the four-month-old war. Brent futures rose 3 cents to $73.
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Stocks and oil prices rise with eyes on Iran; yen touches 40-year low vs dollar
LONDON/NEW YORK, June 29 : A global gauge of stock markets rose on Monday as investors tracked the implementation of an interim peace deal between Iran and the U.S., even as oil prices rose after tit-for-tat attacks underscored the risk of escalation. European equities ended flat but Wall Street led gains w
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Greenpeace says energy measures waste a unique opportunity
The NGO says European countries missed the chance to back renewables and cut fossil dependence exposed by the Strait of Hormuz’s closure, calling Spain’s action ‘one of the best bets’.
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Oil prices fall as tankers exit Strait of Hormuz
BEIJING, June 25 : Oil prices extended their decline on Thursday, edging closer to pre-war levels as stranded tankers exited the Strait of Hormuz following an initial accord to end the U.S.-Israeli war with Iran, easing supply concerns.Prompt-month Brent crude futures for August delivery fell 40 cents, or 0.5
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Brent crude falls below $74 for first time since Iran war began
Brent crude dropped below $74 a barrel on Wednesday for the first time since the start of the Iran war in late February, as investors continued to price out the geopolitical risk premium that had driven energy markets higher during the conflict.
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Oil prices extend decline on expectations of smoother crude flows via Hormuz
TOKYO, June 24 : Oil prices fell on Wednesday, extending this week’s losses and trading near four-month lows hit in the previous session, on signs that more oil tankers stranded in the Gulf since the start of the Iran war are set to move out of the Strait of Hormuz. Brent crude futures were down…
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