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Oil Prices Lower Ahead of OPEC+ Meeting; Iran Supply in Focus
12 Articles
12 Articles
The WTI oil closed the week by contributing $65.50 per barrel, with an increase of 1.5 percent compared to last Friday. During the week, the US reference barrel touched a minimum of 64.50 and a maximum of $67.58 per barrel. In the reference period, the price of crude oil was driven by Iran’s announcement that it will stop collaborating with the International Atomic Energy Agency, something that the US government called “unacceptable.” “This rais…
Oil prices fall amid supply increase signals and Iran talks
Oil prices today recorded a decline in world markets, falling below 68 dollars per barrel. This decline followed signals from key producers that they could increase oil production by the end of the summer, as well as news of continued talks between Tehran and Washington regarding Iran's nuclear program. On the London Stock Exchange, after noon, the price of a barrel recorded a drop of 67 cents compared to yesterday's closing, amounting to $68.13…
Price of oil falls after Iran signals a commitment - London Business News
Iran has said they are committed to nuclear non-proliferation (NPT) which saw the price of oil fall. West Texas Intermediate fell 0.2% to $66.84 per barrel whilst Brent crude futures… The post Price of oil falls after Iran signals a commitment appeared first on London Business News
Oil Falls as Iran Affirms Commitment to Nuclear Treaty
London July 4 2025: Oil futures fell slightly on Friday after Iran reaffirmed its commitment to nuclear non-proliferation, while major producers from the OPEC+ group are set to agree to raise their output this weekend. Brent crude futures were down 49 cents, or 0.71%, to $68.31 a barrel by 0831 GMT, while U.S. West Texas Intermediate crude fell 41 cents, or 0.61%, to $66.59. Separately, Barclays said it raised its Brent oil price forecast by $6 …
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