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Oil prices edge lower amid concerns over Iran nuclear deal

Daily Times May 27, 2021 Oil prices went down up to one percent on Wednesday amid concerns over the Iran nuclear deal. At 1315 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, was trading at $68.16 a barrel after shedding 0.71 percent. Likewise, the US West Texas Intermediate (WTI) crude futures shed 1.01 percent to reach $65.40 a barrel. The price for Opec Basket was recorded at $66.93 a barrel with 2.51 percent increase, Arab Light was available at $68.51 a barrel with 0.13 percent increase while price of Russian Sokol increased 0.28 percent to reach $69.01 a barrel. According to experts, indirect negotiations between the United States and Iran are due to resume in Vienna this week. Talks were given another life after Tehran and the UN nuclear agency extended a monitoring agreement on the Middle Eastern country’s atomic programme. Worries that Iran is soon going to start selling oil if an agreement results in the lifting of UN and other sanctio

Oil prices fall further as Rouhani hints at lifting of sanctions

Daily Times May 21, 2021 Crude oil prices fell around one percent on Wednesday amid reports that Iran is preparing to boost production and exports of crude oil as talks on the nuclear deal with the United States continue to progress. At 1405 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, was trading at $65.99 a barrel after shedding 1.01 percent. Likewise, the US West Texas Intermediate (WTI) crude futures shed 0.90 percent to reach $62.79 a barrel. The price for Opec Basket was recorded at $68.39 a barrel with 1.29 percent increase, Arab Light was available at $66.56 a barrel with 1.77 percent decrease while price of Russian Sokol decreased 1.77 percent to reach $67.02 a barrel.

Oil prices fall 2pc as Iran gears up for return to market

Daily Times May 20, 2021 Crude oil prices fell over two percent on Wednesday amid reports that Iran is preparing to boost production and exports of crude oil as talks on the nuclear deal with the United States continue to progress. At 1220 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, was trading at $65.34 a barrel after shedding 2.01 percent. Likewise, the US West Texas Intermediate (WTI) crude futures shed 2.03 percent to reach $64.16 a barrel. The price for Opec Basket was recorded at $67.52 a barrel with 2.06 percent increase, Arab Light was available at $67.76 a barrel with 1.98 percent decrease while price of Russian Sokol decreased 2.00 percent to reach $68.23 a barrel.

Brent flirts with $70 mark - Daily Times

Brent flirts with $70 mark - Daily Times
dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.

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