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Oil little changed as investors weigh US-Iran peace deal, Hormuz uncertainty
SINGAPORE: Oil prices fell slightly on Wednesday as investors gauged the impact of a US-Iran peace deal, while uncertainty over full resumption of shipping through the Strait of Hormuz limited price declines. Both benchmarks were down about 0.2 percent by 09:30 a.m. Saudi time, with Brent crude futures dipping 15 cents to $78.81 a barrel and US West Texas Intermediate falling 12 cents to $75.93 a barrel. On Tuesday both had fallen about 5 percent for a second straight session to hit three-month lows, fuelled by hopes that a US-Iran deal would allow oil flows through the Strait.
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arabnews.com
Oil slips over 4 percent after US, Iran reach peace deal, reopen Strait of Hormuz
SINGAPORE: Oil prices slipped on Monday after US President Donald Trump and Iran’s deputy foreign minister said they have reached a deal to halt the war and to resume…
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straitstimes.com
Oil falls over 4% after US and Iran reach peace deal, to reopen Strait of Hormuz
Brent crude fell 4.02 per cent to US$83.82 as at 6.03m Singapore time. Read more at straitstimes.com. Read more at straitstimes.com.
