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The Price of Oil and Gas Rises Again Strongly After the Ephemeral Opening of Ormuz
6 Articles
6 Articles
The oil and gas markets suffer this Monday from geopolitical tensions in the Middle East. In contrast to the marked declines that they recorded on Friday coinciding with the announcement of the reopening of the Strait of Ormuz, the price of these two hydrocarbons in the energy markets begins the week with strong rises after Iran reversed and decided to block the strategic step, through which circulates a fifth of the world's crude oil.Continue r…
Future oil contracts returned to strong high on Monday (20) following the escalation of tensions between the United States and Iran, after the Persian country resumed the closure of the Strait of Ormuz. The market also awaits more information from a possible new round of negotiations, faced with conflicting versions by both countries. Negotiated in New York Mercantile Exchange (Nymex), WTI oil for June closed at a high of 5.85 percent (US$ 4.83)…
The rise of crude oil due to the tension in the Middle East hits Argentina’s assets: the debt opens red on Wall Street, the ADRs operate mixed and the Merval rises, on a wheel marked by investor caution. Read more
Oil prices are rising sharply this Monday, April 20 at 12.00 p.m., driven by renewed tensions around the Strait of Ormuz, a strategic crossing point for global energy supply. The yoyo, between opening and closing, which is known in the Strait of Ormuz, from which at least 20 per cent of the world's oil is passing, accounts for the volatility of black gold prices in recent days. Iran's and the United States' statements have not helped to stabiliz…
Oil prices increased sharply as a result of a further escalation of hostilities in the Middle East conflict, after Iran closed the Ormuz Strait at the end of the week, just one day after its reopening.
The European stock exchanges abandon maximums and are listed with a negative tone at the start of the week, waiting for the corporate results of the heavyweights of the market and the proximity of the meetings of the Fed and the ECB to be quoted.But the pulse to the investment spirit is still in the Persian Gulf, where Iran and the US have dilapidated this weekend the hope that a short-term agreement will be reached to reopen Ormuz.In this way, …
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