4 hours agoOil prices drop 10% after the opening of Hormuz Strait
Periskopi(3 months ago)
(3 months ago)The price of oil dropped significantly and US stock indexes opened at new record levels after the Iranian foreign minister said the Hormuz Strait was open to commercial ships. The price of gross American oil fell by 10% to nearly $85 per barrel, while the international gross oil price Brent also [...]
The price of oil dropped significantly and US stock indexes opened at new record levels after the Iranian foreign minister said the Hormuz Strait was open to commercial ships.
The price of gross American oil fell by 10% to nearly $85 per barrel, while the international gross oil price Brant also dropped by more than 8% to about $90 per barrel, writes NBC News.
The future heating oil contracts, which are a representation for aircraft fuel, fell by 13%. Future gas contracts in majority RBOB also fell by 7%.
At the opening of the scholarship, the S&P 500 index increased by 0.6%, and the Nasdaq Compose index increased by 1%. As a result, both placed record levels in early trading.
