Browsing: oIL

Oil prices dropped sharply in the global commodity market on Wednesday after the U.S. announced its plan to exit Iran in two to three weeks, suggesting the Middle East war could end sooner than expected.

Oil prices dipped on Tuesday as US President Donald Trump signalled progress in negotiations to end joint US-Israeli strikes on Iran, while warning that the country’s critical energy infrastructure would be at risk if talks fail.

Crude oil prices surged early on Monday amid concerns about rising supply risks as the war in the Middle East spread across the region.  The US-Iran war could be prolonged after the 15-point peace proposal by Washington was rejected by Tehran, with a counterproposal last week.

Oil Prices Surge over Unresolved Supply Risk Reflecting unresolved supply risks, oil prices edged slightly higher on Friday, as rising…

Oil Prices Surge after Iran Rejects U.S. Peace Proposal Oil prices surged in the global commodity market on Thursday as…

Oil Falls Below $100 after Trump’s Comments on U.S.-Iran Talks Oil prices fell back below the key 100 dollars per…

Oil Rebounds after De-escalation Signals Plunge Crude Prices  Brent crude price rose on Tuesday, recovering some of the losses from…

Dangote Warns of Global Oil Shocks A foremost industrialist, Alhaji Aliko Dangote, has warned that Middle-East tensions driving global oil…

Oil Climbs as U.S. Threatens to Attack Iran’s Power Plant Oil prices rose on Monday, fueled by U.S. President Donald…

Oil Prices Dip as Iran Allows Ships Through Strait of Hormuz Brent crude oil traded at $107.68 per barrel in…