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Daily (02.07.2018): WTI crude surged by 1% on Monday to hit a peak since November 2014
Oil prices climbed on Friday as U.S. sanctions against Iran at a time of escalating demand will most likely lead to a decline of crude volumes in the global market. Brent crude traded 2% higher to $79.44 a barrel. WTI crude hiked by 1% to hit its highest since November 2014 at $74.15 a barrel.
read more... 02/07/2018
US Softens Stance On Countries Buying Iranian Oil
The United States will work with countries importing Iranian oil on a case by case basis to get as many of them as possible “down to zero” by early November, the U.S. State Department said on Thursday, clarifying comments from earlier this week that suggested there wouldn’t be any waivers for Iran’s oil buyers.
read more... 29/06/2018
Daily (27.06.2018): WTI crude jumped by 3.6% on Tuesday as U.S. requested countries to stop buying Iranian crude
Oil prices have seen an upward evolution on Tuesday, as Washington demanded allies to reduce imports of Iranian crude, which would put pressure on global supplies. Brent crude hiked by 2.1% to $76.31 a barrel. Prices have been also supported by uncertainty over Libyan exports. WTI crude jumped by 3.6% to 70.53 a barrel.
read more... 27/06/2018
Protests In Iran Erupt While U.S. Sanctions Loom
A fresh wave of protests erupted in Iran over the weekend against the plunging value of the local currency and rising prices, in what some observers and analysts describe as the biggest protest in the capital Tehran since 2012, just before the previous sanctions on Iran were imposed.
read more... 26/06/2018
Daily (25.06.2018): OPEC’s decision to moderately increase oil production led to a hike in crude prices on Friday
Oil prices jumped on Friday after OPEC settled on a moderate increase in production, below figures discussed ahead of the reunion held in Vienna. Brent crude soared by 3.4% to $75.55 a barrel. Moreover, lower output in Venezuela and Trump’s sanctions on Iran also boosted prices, with WTI crude closing 4.6$ higher at $68.58 a barrel.
read more... 25/06/2018