Oil Price Dips Briefly Below $100 on Saudi Exports, Hopes ...
7 Articles
7 Articles
Global crude oil prices fell by about 1% after Saudi Arabia's oil shipment estimates were revised upward, but the drop was not as significant as expected because Donald Trump dashed hopes of a deal with Iran.
Diplomacy between Iran and the United States creates a drop in the price of the barrel of crude oil.
(Los Angeles=Yonhap News) Correspondent Kim Kyung-yoon = International oil prices fell below $100 per barrel on the 22nd (local time) amid expectations of a recovery in crude oil supply from the Middle East...
Future oil contracts closed down on Tuesday (22), extending yesterday's losses and consolidating below $100 per barrel, especially after US President Donald Trump said that the United States and Iran were moving towards an agreement. The prospect that a diplomatic solution to the conflict might be near brought relief to the markets. Furthermore, Saudi Arabia reported being in the initial stages of reactivation of the East-West pipeline, which ha…
Oil price dips to US$100 on hopes of U.S.-Iran diplomacy, partial recovery in Saudi exports
NEW YORK, Sept 21 (Reuters) – Oil prices eased on Monday to their lowest level in 12 days, as investors for diplomatic progress on the Iran war due to this week’s United Nations meeting and eyed a partial recovery in shipments from Saudi Arabia. The Brent crude futures November contract settled at US$100.34 a barrel, […]
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