Brent crude oil rose 3 percent on Tuesday after the US military carried out strikes in Iran, adding to uncertainty on whether a deal will be imminently reached to end the war and open up shipping flows through the Strait of Hormuz. US Secretary of State Marco Rubio said on Tuesday that negotiating a deal […]
oil price
WTI oil price slides under $50 per barrel
One of the world’s major oil contracts, New York’s WTI, slumped under $50 per barrel on Thursday, reaching the lowest level in nearly 14 months. WTI and Brent North Sea crude, another benchmark contract, have been tumbling for weeks on fears of a supply glut — despite oil kingpin Saudi Arabia planning an output cut […]