Aug 16, 2022 (Bloomberg) Oil recovered from early losses with the market weighing expectations of an increase in Iranian production and worsening prospects for global growth.West Texas Intermediate rebounded over $90 a barrel and is up for the day. Although talks between Iran and European Union negotiators indicated progress toward a…
Oil settled at the lowest in more than six months as traders weighed the prospects for increasing Iranian crude exports with a worsening outlook for global.
Oil settled at the lowest in more than six months as traders weighed the prospects for increasing Iranian crude exports with a worsening outlook for global.
The price of Alaska North Slope crude budged upward 10 cents to close at $83.71 per barrel Oct. 13. West Texas Intermediate fell 20 cents to close at $80.44, and Brent dropped 24 cents to close at $83.18.
The indexes are trading now at levels not seen since 2014.
The mixed, miniscule price action on.