Global crude oil prices declined following reports of a possible second round of US-Iran talks, as markets reacted to easing geopolitical tensions. The development raised expectations of improved supply stability. The price movement comes amid shifting investor sentiment in global energy markets. Brent crude fell to 98 dollars per barrel, while West Texas Intermediate traded […]
Oil prices fall
Oil prices fall, taking a breather from massive surge
Oil prices fell on Tuesday, taking a breather after surging more than $5 a barrel in the previous session as a plunging dollar supported buying interest and on expectations the US Federal Reserve’s interest rate hike may be less than thought. Brent crude futures for September settlement fell 69 cents to $105.58 a barrel […]
Oil prices fall as US stockpiles rise, but Middle East tensions support
Oil fell on Wednesday after data showed a surprise rise in US crude stockpiles and as Chinese industrial output grew less than expected in April, but prices were supported by mounting tensions in the Middle East. Brent crude futures were at $71.06 a barrel at 0646 GMT, down 18 cents, or 0.3%, from their last […]