Brent Holds Above $100 as Hormuz Tanker Traffic Hits Two-Month Low
6 Articles
6 Articles
However, uncertainty is maintained by information about American strike plans, attacks on tankers in Hormuz, and the interruption of approximately 1.3 million barrels of daily production in the Gulf of Mexico.
<p>Oil fell to $91 per barrel after Trump's statement on Iran, Brent holds above $104 WTI fell to $91.19 after Trump's announcement of talks with Iran. Brent was above $104 the day before.</p>
Oil prices fell after Donald Trump's statements about Iran, but the insecurity of shipping routes in the Persian Gulf and the Red Sea and the partial halt in US oil production continue to prevent a sustained decline in prices.
Oil prices are falling in the morning hours of October 9. US President Donald Trump's statement that there will be no attack on Iran before the November elections and statements about progress in talks with Tehran have partially eased concerns about oil supplies from the Middle East. Brent crude futures fell 0.7% to $103.53/barrel, while US WTI crude fell 0.6% to $90.97/barrel, Banker.az reports. […]
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