November 17, 2024

OPEC

Oil sheds 5% over possible ceasefire reports in Lebanon after Israel-Iran war stokes supply fears, Brent drops to | Stock Market News

Oil sheds 5% over possible ceasefire reports in Lebanon after Israel-Iran war stokes supply fears, Brent drops to $77 | Stock Market News

TheSpuzz Desk09 mins

Source: Live Mint International crude oil prices reversed Monday’s gains and crashed five per cent on Tuesday, October 8, snapping a five-day rally, as fears of supply disruptions from the conflict between Israel and Iran eased after Iranian-backed Hezbollah signalled support for a ceasefire proposal put forth by Lebanon’s government. Local news reports suggested a…

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Oil gives up US Fed rate cut gains, sheds 3% on OPEC+ December output hike bets; Brent drops to /bbl | Stock Market News

Oil gives up US Fed rate cut gains, sheds 3% on OPEC+ December output hike bets; Brent drops to $71/bbl | Stock Market News

TheSpuzz Desk07 mins

Source: Live Mint International crude oil prices reversed their gains picked after the US Federal Reserve’s supersized interest rate cut and dropped over three per cent on Thursday, September 26, on a media report that Saudi Arabia, the world’s top crude exporter, will give up its price target in preparation for raising output. Brent crude…

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