Tag: oil
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Oil climbs 2%, extending gains on dimming US-Iran peace hopes
Aug 11 : Oil prices rose more than 2 per cent on Tuesday to their highest in more than a week as ongoing disruption to Middle East energy flows and fading hopes for a U.S.-Iran peace deal heightened concern over global oil supplies.Brent crude futures rose $2.09, or 2.38 per cent, to $89.81 a barrel…
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Oil rises 2% to more than one-week high as US-Iran peace hopes dim
Aug 11 : Oil prices rose more than 2 per cent on Tuesday to over one-week highs as hopes for a U.S.-Iran deal to end the war and reopen the Strait of Hormuz faded after President Donald Trump demanded compensation from Tehran.Brent crude futures rose $1.92, or 2.19 per cent, to $89.64 a barrel by…
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Middle East: Trump took secret flight out of Turkey — report
President Donald Trump reportedly used an elaborate ruse to leave the NATO summit in Turkey, amid a credible assassination threat. Meanwhile, oil prices rose as hopes for a deal on the Strait of Hormuz fade. DW has more.
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Oil steadies near one-week highs as US-Iran peace deal hopes dim
Aug 11 : Oil prices steadied on Tuesday at more than one-week highs amid fading hopes of a deal between the U.S. and Iran to end their war and reopen the Strait of Hormuz, after President Donald Trump demanded compensation for damage the U.S. has incurred.Brent crude futures were flat at $87.81 a barrel by…
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Oil rises nearly 2% as Iran tempers hopes of Hormuz reopening
LONDON, Aug 10 : Oil prices jumped almost 2 per cent on Monday after Iran insisted that the United States must satisfy several demands before the Strait of Hormuz can reopen. Brent crude futures were up $1.40, or 1.7 per cent, at $84.95 a barrel by 1218 GMT. U.S. West Texas Intermediate crude futures were…
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Oil edges higher as Iran tempers hopes of swift Hormuz reopening
LONDON, Aug 10 : Oil prices edged higher on Monday on optimism over talks to reopen the Strait of Hormuz, though gains were capped by Iran’s insistence that the United States must satisfy several demands before the waterway can reopen. Brent crude futures stood were up 67 cents, or 0.8 per cent, at $84.22 a
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Oil steady as Iran tempers hopes for swift Hormuz reopening
NEW DELHI/PERTH, Aug 10 : Oil prices were little changed on Monday after surrendering earlier gains, as optimism over talks to reopen the Strait of Hormuz was tempered by Iran’s insistence that the United States satisfy several demands before the waterway could reopen.Brent crude futures stood at $83.54 a bar
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Oil rises as Iran tempers hopes for swift Hormuz reopening
NEW DELHI/PERTH, Aug 10 : Oil prices rose on Monday as uncertainty persisted over the reopening of the Strait of Hormuz, with Iran saying the United States must meet several conditions even as Tehran and Oman moved into the final stages of agreeing on new shipping lanes.Brent crude futures rose 84 cents, or 1
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Oil rises on uncertainty over reopening of Hormuz
PERTH, Aug 10 : Oil prices rose on Monday on uncertainty over the reopening of the Strait of Hormuz anytime soon, as Iran said a deal with Oman defining new shipping lanes was in its final stages but insisted the U.S. must still meet other conditions. Brent crude futures rose 91 cents or 1.09 per…
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Asia stocks edge higher, oil up amid Gulf confusion
Brent crude added 0.9 per cent to US$84.32 a barrel as shipping through the vital waterway remained at a trickle, while US crude rose 0.7 per cent to US$78.74 a barrel.
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