Tag: oil steadies
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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 steadies after two-day slump as investors eye Hormuz traffic
PERTH, Aug 5 : Oil steadied on Wednesday after steep falls in the previous two trading sessions, as investors waited to see if efforts to end the U.S.-Iran war and restore traffic through the blockaded Strait of Hormuz were making progress.Brent crude futures rose 26 cents, or about 0.33 per cent, to $79.62 a
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Oil steadies as hopes of renewed US-Iran negotiations offset Houthi threat
July 20 : Oil prices were steady on Monday, pulling back from earlier highs as price pressure from hopes of renewed U.S.-Iran negotiations was countered by Yemen’s Houthis declaring a naval blockade against Saudi Arabia.Benchmark prices had earlier touched more than one-month highs on concern over disruption
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Oil steadies as US and Iran agree to halt attacks
LONDON, June 29 : Oil prices steadied on Monday as Iran and the United States agreed to halt recent hostilities in the Gulf and Middle East producers pushed ahead with loading oil and liquefied natural gas despite fresh ship attacks. The two countries also agreed to renew talks over the Strait of Hormuz, rai
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