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Brent crude slips to four-month low as improving supplies and US-Iran talks weigh on market sentiment
International oil prices extended their losses on Thursday, with Brent crude falling close to $70 per barrel as improving global supply conditions and progress in indirect negotiations between the United States and Iran eased concerns over potential energy disruptions.
(more…)Brent crude slips below key threshold as improving Strait of Hormuz traffic eases supply concerns
International oil prices extended losses on Wednesday, with Brent crude falling below the $75-per-barrel mark and US benchmark West Texas Intermediate (WTI) dropping below $72, as progress in US-Iran peace talks improved market sentiment and reduced fears of supply disruptions.
(more…)Brent extends losses for fourth straight session amid easing supply disruption fears
Crude oil prices fell sharply on Tuesday, with Brent sliding more than 3% to hover near $80 per barrel as expectations of a US–Iran agreement improved the global supply outlook and extended a recent selloff.
(more…)Oil prices surged nearly 5% on Tuesday in response to escalating geopolitical tensions after Iran launched a barrage of missiles toward Israel. This action has sent shockwaves through the energy market, intensifying concerns over the stability of oil supplies from the Middle East.
(more…)Oil prices surged to a six-month high, reaching levels not seen since October, as escalating tensions in the Middle East sent shockwaves through global markets.
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KARACHI: The international oil prices have fallen by around 15 percent since the outbreak of deadly coronavirus, analysts at Arif Habib Limited said on Tuesday.
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