Oil prices inched lower on Wednesday on signs that global markets remain adequat...
SINGAPORE - Oil prices inched lower on Wednesday on signs that global markets remain adequately supplied despite a jump to 2019 highs this week on Washington’s push for tighter sanctions against Iran.
U.S. West Texas Intermediate crude futures were at $66.02 per barrel, down 28 cents, or 0.4 percent, from their previous settlement. With Iranian oil exports likely declining sharply from May as most countries bow to U.S. pressure, global crude markets are expected to tighten in the short-run, Goldman Sachs and Barclays bank said this week.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil prices jump over 2% on expectations U.S. will halt waivers on Iran oil importsTraders return from the long holiday weekend to climbing oil prices, amid reports the U.S. is getting ready to cut off waivers for countries to import oil...
Read more »
India to get extra oil from major producers to make up for Iran oil loss: ministerIndia will get additional supplies from other major oil producing countries to c...
Read more »
U.S. making a mistake politicizing oil: Iran oil ministerThe United States has made a bad mistake by politicizing oil and using it as a w...
Read more »
Brent nears $72 amid tightening supplies; surprise draw in U.S. crude stocksOil prices rose on Wednesday, supported by concerns over tightening global suppl...
Read more »
U.S. to announce end to sanctions waivers for Iran oil imports: Washington PostThe United States is preparing to announce on Monday that all importers of Irani...
Read more »
Oil surges as US ends Iran sanction waivers—four experts forecast what's nextCrude prices popped after the Trump administration announced that it would no longer grant exemptions to U.S. sanctions on Iran, and experts say it could be good for stocks.
Read more »
US ends waivers for Iran oil sanctions, tightening economic pressure on regimeU.S. will no longer grant waivers to countries to purchase Iranian oil, fully implementing the sanctions that Pres. Trump reimposed nearly a year ago when he withdrew from the Iran nuclear deal.
Read more »
Secretary of state says no grace period after May 1 end to Iran oil waiversSecretary of State Mike Pompeo said on Monday the United States is not extending...
Read more »
The Latest: US ending sanction waivers for Iran oil importsWASHINGTON (AP) — The Latest on U.S. sanctions on countries importing Iranian oil (all times local): 8:45 a.m. The White House says the U.S. is ending exemptions from sanctions for...
Read more »