an hour agoOil falls as markets assess return of US-Iran peace supply and agreement
Periskopi(2 days ago)
(2 days ago)Oil prices lasted losses on Tuesday, while markets discussed prospects for relaunching supply through Hormuz' key Strait towards the unstable factors of the physical market and lack of details from a preliminary agreement to end the war with Iran.
Future crude oil contracts Brant fell by 25 cents, or 0.3%, to $8.92 per barrel and American oil West Texas Intermediate fell 9 cents, or 0.1%, to $80.66 per barrel, Reuters reports.
On Monday, oil prices dropped by nearly 5% in their lowest closure since March 4th, after US President Donald Trump said a memorandum of understanding was signed to end the US-Israel war with Iran, though full details have not been made public. /Periscopi/
