Tag: Oil prices
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Oil prices fall $2 on Iran-Oman talks to reopen Strait of Hormuz
Aug 26 : Oil prices fell more than $2 a barrel to a two-week low on Wednesday as talks between Iran and Oman revived hopes that the Strait of Hormuz could reopen and remove shipping constraints affecting supply in the key Middle East region. Brent crude futures fell $2.25, or 2.54 per cent, to $86.33…
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Oil prices slide 2% on Iran-Oman talks to reopen Strait of Hormuz
TOKYO, Aug 26 : Oil prices dropped about 2 per cent on Wednesday, adding to the previous session’s losses, on fresh hopes the Strait of Hormuz could reopen after Iran said it had resumed talks with neighbour Oman on managing the strategic waterway.Brent crude futures fell $1.78, or 2.0 per cent, to $86.80 a b
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US oil prices extend losses on hopes of Iran-Oman talks on Strait of Hormuz
TOKYO, Aug 26 : U.S. oil prices fell in early trade on Wednesday, extending the previous session’s losses, on hopes the Strait of Hormuz could reopen after Iran said it had resumed talks with neighbour Oman on managing the strategic waterway.U.S. West Texas Intermediate crude futures fell $1.37, or 1.7 per ce
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Oil prices steady as investors weigh impact of expanded US sanctions against Iran
Aug 25 : Oil prices steadied on Tuesday, after falling more than 2 per cent in the previous session, as investors assessed the impact of harsher U.S. secondary sanctions against Iran.Brent crude futures were down 9 cents, or 0.1 per cent, at $92.16 by 0104 GMT, while U.S. West Texas Intermediate crude was up
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Oil prices steady as investors assess US-Iran war outlook
TOKYO, Aug 20 : Oil prices steadied in early trade on Thursday as investors assessed the outlook for the U.S.-Iran war and the security of shipping through the Strait of Hormuz. Brent crude futures for October delivery rose 25 cents, or 0.3 per cent, to $91.87 a barrel by 0037 GMT, while U.S. West Texas…
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Oil prices at near three-week high as US-Iran peace hopes fade
LONDON, Aug 18 : Oil prices rose for a third session on Tuesday as prospects receded for a deal to end the Middle East war, with Iran saying it would adopt a more offensive stance and the U.S. ruling out extending a ceasefire deal, heightening worries about prolonged energy supply disruptions.Brent crude futu
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Oil prices climb again, as global stocks gain
NEW YORK/LONDON, Aug 12 : Global equities were higher on Wednesday after mild inflation data reinforced bets the Federal Reserve will hold interest rates steady, while oil prices edged higher as investors balanced lower demand against a deadlock in U.S.-Iran talks.The United States and Yemen’s Iran-aligned Ho
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Oil prices rise after ship attacks, US-Iran talks deadlock
LONDON, Aug 12 : Oil prices rose in volatile trade on Wednesday after attacks on two ships reinforced worries about disruptions to Middle East supplies and as talks to end the Iran war hit an impasse.Brent futures were up 17 cents, or 0.2 per cent, at $89.08 a barrel by 1055 GMT, heading for a…
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Oil prices rise, Asia stocks drift amid US-Iran stalemate
Brent crude futures edged up to hit US$88 per barrel and US crude futures ticked up to US$82.45, both the highest levels since Jul 31, after the contracts rallied roughly 5 per cent on Monday.
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Oil prices firm on concerns over Strait of Hormuz plans
LONDON, Aug 7 : Oil prices edged higher on Friday on further concerns surrounding the reopening of the Strait of Hormuz and potential Iranian bans and fines on vessels it deems hostile or in violation of proposed rules. Brent crude futures were up 75 cents, or 0.9 per cent, at $83.24 a barrel by 0815…
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