Oil prices continued to trend lower in early Asian trade on Tuesday as a fourth night passed without any attacks from either Iran or the United States. At the time of writing, WTI crude was trading at $80.98 per barrel, down 1.97% on the session, while Brent crude had slipped to $86.
Oil prices surged more than 7% on Wednesday as renewed U.S.-Iran hostilities and fresh threats to shipping through the Bab el-Mandeb pushed WTI above $84 and Brent toward $90, confronting the Federal Reserve with another inflation shock just hours before one of its most uncertain interest-rate decis…
The price of benchmark Brent crude climbed past $90 per barrel on Wednesday after a renewed round of US-Iran hostilities shattered a days-long lull in fighting and the Houthis targeted Saudi oil exports.
Oil prices were back higher on Wednesday as U.S.-Iran tensions escalate again. As of late Wednesday afternoon, international benchmark Brent crude was trading at about $91 per barrel, up from as low as about $83 earlier this week.
