WTI Whipsaws as Hormuz Hopes Collide With Diesel Crunch
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19 Articles
Brent's futures dropped $2.28, 2.14%, to $104.32 a barrel.
Oil barrel prices are now between $104 and $92.
London, Sep 25 (EFE).- The price of the barrel of Brent for delivery in November fell by 2.06 % this Friday to the 104.32 dollars at the close of the session in the London futures market in the face of a moderate optimism for possible talks between the US and Iran. The oil of the sea of [...] The entry Brent falls by 2.06 % and closes this Friday at 104.32 dollars the barrel was first published in HolaNews.
This afternoon, Brent was dropping 2.5% to $103.90 per barrel.
WTI Whipsaws as Hormuz Hopes Collide With Diesel Crunch
November WTI crude oil futures spent the week trading a possible reopening of the Strait of Hormuz against the risk that shipping conditions have not normalized. The contract fell to $88.67 Tuesday after reports that Iran could reopen the Strait within seven days, then recovered to $96.78 Thursday as the diplomatic story ran into the same problem it had all week: no agreement, no normal tanker traffic, and no proof the physical market is back to…
Cryptopolitan
Cryptocurrency News | Cryptocurrency Prices | Market CapOil crashes back to $92 as U.S.-Iran diplomacy wipes out nearly 8% in a week
Oil took another beating Friday as talks between Iran and the United States returned to the market’s radar. West Texas Intermediate crude sank 2.3% to $92.41 a barrel, pushing its weekly loss to 7.9%. Brent crude also fell 2.1% to $104.32, though the global benchmark finished the full week roughly flat. Iran has put a...
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