Oil Prices Remain Above $100 Amid Conflicting US-Iran Talk Reports and Market Volatility
Oil prices, with Brent crude surpassing $100 a barrel, continue to react to President Trump's claims of productive US-Iran talks and a nearing nuclear deal, despite Tehran's denials and conflicting reports, causing ongoing market volatility.
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Oil back above $100 as conflicting reports emerge on US-Iran talks
Stock markets had originally rebounded on Monday said Trump said he would hold off strikes on Iran.
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The Dow Industrials jumped more than 600 points in a relief rally Monday after President Trump said Iran and the U.S. have had "productive" talks.
Read full article →Oil prices plunge 10pc on US-Iran talks
NEW YORK: Oil prices dropped about 10 per cent to a one-week low on Monday after US President Donald Trump said he would postpone any military strikes against Iranian power plants for five days after constructive talks to resolve the hostilities in the Middle East, hours ahead of a deadline that threatened further escalation in the four-week-old war. Brent futures fell $11.17, or 10.0pc, to $101.02 a barrel at 10:46 a.m. EDT (15:46 GMT), while US West Texas Intermediate (WTI) lost $9.28, or 9...
By none@none.com (Reuters)
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By The Week US
Read full article →Oil back above $100 as conflicting claims emerge on US-Iran talks
The price of Brent crude oil has risen back above $100 a barrel, after plunging on Monday, as conflicting accounts of potential talks between the US and Iran emerged.
By Abubakar Ibrahim
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