Oil falls on oversupply worries despite Iran sanctions
Oil prices headed for a third weekly loss on Friday after Saudi Arabia warned of oversupply, while a slump in stock markets and concerns about trade clouded…
Oil steadies boosted by Iran fears, capped by China data
Oil prices retreated below multi-year highs hit early in the day on Tuesday, supported by concerns that U.S. sanctions on Iran that are likely to…
Brent and WTI price spread narrowing
The Brent and WTI spread decreased to $ 3.8 in world market. Report informs, in December the price spread was $ 7. Notably, there were…
Why does oil hit $71?
Oil hit $71 a barrel on Thursday for the first time since 2014, supported by OPEC-led supply curbs, a record-breaking run of declines in U.S….
Brent price exceeds $71 for first time since 2014
Price of March futures for the North Sea petroleum mix of mark Brent crude increased by 1,5% and exceeded $ 71,01/barrel. Report informs citing the…