Tag: oil edges
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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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Chipmakers weigh on stocks, oil edges higher
LONDON/SYDNEY, July 16 : European markets edged lower on Thursday following more overnight volatility in Asia’s tech-dominated indexes, while benign U.S. inflation data helped keep the dollar and government bond yields under control, as the U.S.-Israeli war on Iran nudged oil prices up again.Despite stellar
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Oil edges higher as breakdown in Iran-US talks raises supply concerns
NEW DELHI, July 1 : Oil prices ticked higher on Wednesday on concerns a breakdown in talks 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 14 cents, or 0.19 per cent, to $73.09 a barrel at 0644…
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Oil edges lower amid resumption of strait shipments even as vessel hit near Oman
BEIJING, June 26 : Oil prices fell on Friday morning and are heading for steep weekly losses amid easing supply concerns as more stranded oil tankers exited the Strait of Hormuz, even though a cargo vessel was hit near Oman on Thursday.Brent crude futures fell 19 cents, or 0.25 per cent, to $75.07 a barrel…
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