84540
Brent Crude Prices Near 2014 Peak
Brent Crude Prices Near 2014 Peak

Brent Crude Prices Near 2014 Peak

Brent Crude Prices Near 2014 Peak

Oil held near its highest in nearly three years on Wednesday, supported by political tension in the Middle East, although evidence of rising US crude supply acted as a counterbalance.
Brent crude has gained 5.7% this week, rising to $71.34 a barrel on Tuesday, the highest since late 2014, although the price has since fallen back and was $70.98 a barrel, down 6 cents, CNBC reported.
US crude futures were at $65.55 a barrel, up 4 cents on the day.
The United States and its allies are considering airstrikes against Syrian President Bashar al-Assad’s forces following a suspected poison gas attack last weekend.
Pan-European air traffic control agency Eurocontrol said late on Tuesday that air-to-ground and/or cruise missiles could be used within the next 72 hours, warning of intermittent disruption of radio navigation equipment.
Syria is not a significant oil producer, but any sign of conflict in the region tends to trigger concern about potential disruption to crude flows across the wider Middle East, home to some of the world’s biggest producers.

 

Short URL : https://goo.gl/2SUTye
  1. https://goo.gl/x5XGvH
  • https://goo.gl/ozqb5K
  • https://goo.gl/2kCrZ1
  • https://goo.gl/ih2Hyu
  • https://goo.gl/iaRDgK

You can also read ...

Sweden Approves Nord Stream 2 Pipeline
While Denmark is yet to give permission for the Nord Stream 2...
India Sees $55-60 Oil Price Reasonable
India, the world’s third-largest oil consumer, expects a...
Chinese Tariffs Will Crimp American Shale Production
China’s proposed tariffs on US petroleum imports, part of a...
NIOC Plans to Increase Oilfield Capacity
National Iranian Oil Company plans to increase the production...
OPEC reached an agreement with Russia in 2016 to keep 1.8 million bpd off the market.
Oil Minister Bijan Namdar Zanganeh rejected leaving the 2016...
Sixfold Rise in Zanjan Petrochem Plant Capital
Zanjan Petrochemical Complex’s registered capital has...
Renewable Power Plants' Dues Settled in Full
The state-run Renewable Energy Organization of Iran, aka SUNA...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus