Oil Prices Fall as Trump Hails US-Iran Talks
By Mardiyyah Abubakar Oil prices fell on Wednesday after US President Donald Trump said talks between American and Iranian representatives at the United Nations were “very good” and productive. Brent crude, the international benchmark, dropped 0.9 per cent to $98.41 per barrel, while US West Texas Intermediate (WTI) fell 1.4 per cent to $89.23. Both […]
Oil Prices Rise as Markets Gain on US-Iran Developments
By Mardiyyah Abubakar Oil prices rose on Tuesday after a sharp decline, while most global stock markets recorded gains as investors monitored developments in US-Iran relations and renewed optimism on Wall Street. Crude prices briefly gained about one per cent after falling five per cent on Monday. Traders reacted to hopes that the United States […]
European Stocks Slip as Oil Prices and Tensions Rise
By Oluwakemi Kindness European stock markets fell on Wednesday as rising oil prices and renewed tensions in the Middle East weighed on investor sentiment. Markets remained focused on the conflict involving the United States and Iran, after fresh US strikes and the reimposition of a naval blockade pushed oil prices higher. Asian markets, however, recorded […]
Oil Surges 4% as US-Iran Conflict Escalates
By Mardiyyah Abubakar Global oil prices climbed more than four per cent on Monday after renewed military confrontation between the United States and Iran rattled financial markets and reignited fears over the security of the Strait of Hormuz, one of the world’s most critical oil shipping routes. The latest escalation came just days after both […]