Oil stagnates as the US considers imposing sanctions on Iran.
17 thg 4, 2024
Futures contracts for crude oil remained stable on Tuesday (April 16) as the US prepares new sanctions targeting Iran's oil exports following an attack on Israel.
At the close of trading on April 16, WTI crude oil contracts fell by 5 cents to $85.36 per barrel. Brent crude contracts lost 8 cents, settling at $90.02 per barrel.
US Treasury Secretary Janet Yellen stated: 'Clearly, Iran continues to export some oil. There may be more we can do. I don't want to preempt our actual sanctions actions, but it's certainly something we can address.'
So far, the oil market's reaction to Iran's attack has been relatively subdued, with futures contracts declining on April 15 after Israel and the US successfully repelled Iran's attack.
Jorge Leon, Senior Vice President at Rystad Energy, commented: 'Tensions are high and it's hard to predict the next moves from both sides, but all key signs point towards easing tensions and short-term restraint.'
Source: Vietstock
Related Posts
At the end of Tuesday’s trading session, oil prices surged by around 2%, marking a three-week high following China’s monetary easing measures to boost its economy.
Economic News September 25, 2024
25 tháng 9, 2024
The dollar index rose by 0.14% on Monday. The dollar strengthened as concerns over the Eurozone economy weakened the euro after the Eurozone’s September manufacturing and composite PMI indices contracted more than expected.
Metals News September 24, 2024
24 tháng 9, 2024
Related Post
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.