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Oil prices stay near six-month highs on Mideast tensions

Oil prices stay near six-month highs on Mideast tensions
streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.

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Oil falls on U.S. refinery outage, persistent inflation

Oil falls on U.S. refinery outage, persistent inflation
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Oil settles lower as rate cut hopes moderate, Brent holds near $90/bbl

Oil settles lower as rate cut hopes moderate, Brent holds near $90/bbl
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Brent hovers around $90 as inflation concerns offset Middle East tensions

Global benchmark Brent hovered around $90 a barrel on Thursday as persistent inflation dampened rate cut optimism in the short term, but stayed near six-month highs as investors braced for a potential attack on Israeli interests by Iran. Brent crude futures were down 44 cents to $90.04 a barrel at 1321 GMT, while U.S. West Texas Intermediate crude futures lost 58 cents to $85.63 a barrel. It will be difficult to maintain Brent above $90 a barrel in the second half of the year without actual supply disruption associated with geopolitical events, said global energy strategist Vikas Dwivedi of Macquarie. ....

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Oil falls on U.S. refinery outage, persistent inflation | Hellenic Shipping News Worldwide

Oil falls on U.S. refinery outage, persistent inflation | Hellenic Shipping News Worldwide
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