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Oil Price - Oil Prices Sink 4% on Hints of U.S.-Iran Deal
Oil prices slumped significantly as President Trump indicated progress in negotiations with Iran regarding a nuclear deal, potentially leading to sanctions relief and impacting global oil supply.
Trump Says Deal With Iran Close; Oil Prices Fall
President Trump indicated the U.S. was close to a deal in which Iran agrees to forgo nuclear weapons, sparking a selloff in oil prices. "You probably read today the story about Iran has sort of agreed ...
The Oil Industry's Double Whammy of Higher Costs and Lower Price
The new administration has a "drill, baby, drill" mantra and a much more liberal attitude towards the oil and gas industry than the last one. But that hasn't translated into great profits for the oil ...
FTSE 100 Live 15 May: GDP figure beats hopes, oil price under pressure
The benchmark today traded near $64.48 a barrel amid the concerns over oversupply. Meanwhile, the FTSE 100 index is set to open broadly unchanged after the Dow Jones Industrial Average and S&P 500 ...
US oil prices drop more than $1 as inventory build raises oversupply fear
U.S. crude futures declined more than $1 in early trade on Thursday after an unexpected build in U.S. crude oil inventories last week raised investor concerns about oversupply. U.S. West Texas ...