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Oil is falling as a result of increased tension in the Middle East

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Oil is falling as a result of increased tension in the Middle East Empty Oil is falling as a result of increased tension in the Middle East

Post by rocky on Tue 25 Jun 2019, 2:01 am

Oil is falling as a result of increased tension in the Middle East

Oil is falling as a result of increased tension in the Middle East 15886


Oil prices fell on Tuesday, weighed down by concerns over global demand for crude, as prices gained support as a result of mounting tension in the Middle East. 
Global Brent crude futures were trading at $ 64.59 a barrel by 07:42 Moscow time, down 0.42%, while US WTI was trading at $ 57.53, down 0.64%. 
Brent crude rose last week by 5%, while US crude rose 10%, as tension in the Gulf increased, especially after Iran dropped a US-bound aircraft. 
Yesterday, Washington took an unprecedented step to increase pressure on Tehran, where US President Donald Trump announced sanctions against Supreme Leader Ali Khamenei and other senior Iranian officials.
Analysts said the tightening of US sanctions on Iran would increase the chances of rising prices, especially as the confrontation between the two sides intensified, and expectations for demand growth were unclear in the second half of the year.



http://economy-news.net/content.php?id=17035

    Current date/time is Tue 23 Jul 2019, 5:28 pm