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Oil inches toward $90 on tanker attacks, lack of progress in Iran war peace deal

Crude oil futures experienced an upward trend on Friday due to disruptions from tanker attacks and the stagnation of peace talks. Brent crude closed at $88.52 a barrel while WTI crude settled at $82.40. Attacks within the Strait of Hormuz and disruptions at a Russian port led to a decline in shipping activity. Fortunately, storage levels have proven more resilient, potentially exerting downward pressure on prices.

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Economic TimesLean R·2h ago
Oil inches toward $90 on tanker attacks, lack of progress in Iran war peace deal
Crude oil futures experienced an upward trend on Friday due to disruptions from tanker attacks and the stagnation of peace talks. Brent crude closed at $88.52 a barrel while WTI crude settled at $82.40. Attacks within the Strait of Hormuz and disruptions at a Russian port led to a decline in shipping activity. Fortunately, storage levels have proven more resilient, potentially exerting downward pressure on prices.
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Oil inches toward $90 on tanker attacks, lack of progress in Iran war peace deal

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Oil inches toward $90 on tanker attacks, lack of progress in Iran war peace deal

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