Crude Oil Adds to Losses as Investors in 'Wait-and-See Mode' over Iran Sanctions (USO:NYSEARCA)

US Crude Prices Extend Losses as Oil Market ‘Remains in Limbo’

Crude oil prices extended their losses as traders weighed the United States’ move to ratchet up economic pressure on Iran rather than pursue military strikes. A barrel of West Texas Intermediate—the benchmark for U.S. oil prices—declined more than 3 percent, or around $2.80, to nearly $82 on the New York Mercantile Exchange. However, U.S. crude is up 43 percent year-to-date. The global benchmark Brent is down almost 4 percent, or more than $3, t…

Crude oil adds to losses as investors in 'wait-and-see mode' over Iran sanctions (USO:NYSEARCA)

Crude oil futures fell nearly 3% as the US pivots to economic sanctions rather than military strikes to pressure Iran, which the oil market sees as posing less risk to oil supplies.

Crude Oil Tumbles as Vague U.S. Sanctions Timeline on Iran Fails to Spark Market Alarm

TLDR Brent crude declined almost 2% to approximately $90 per barrel; WTI slipped to a one-week low around $83 Washington unveiled sanctions targeting 60 Iran-associated entities without establishing a firm enforcement schedule Market participants interpreted the measures as milder than anticipated, diminishing oil’s geopolitical risk premium Transit through the Strait of Hormuz continues to face severe limitations, with just two vessels crossin…

Crude Oil Falls 2% as Profit-Taking Overshadows Iran Sanctions

By Adedapo Adesanya Crude oil slipped more than $2 a barrel on Monday as investors ​took profits after recent gains and shrugged off new sanctions on Iran by the United States, which would have lifted prices. Brent crude futures declined by $2.22 or ‌2.35 per cent to $92.17 per barrel, while the US West Texas […]