SINGAPORE - Oil prices stabilized on Wednesday as markets remained relatively tight amid U.S. sanctions on crude exporters Iran and Venezuela.
U.S. West Texas Intermediate crude futures were at $61.56 per barrel at 0057 GMT on Wednesday, 17 cents, or 0.3 percent, above their last settlement.With U.S. sanctions on Iran and Venezuela in place, analysts said global oil markets remained tight.
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OPEC Warns Against Mixing Oil and Politics as U.S. Iran Ban BeginsThe head of the OPEC warned against the political use of oil markets during a trip to Tehran, as tightened U.S. sanctions on Iranian oil exports begin. From arab Trump 2020 . ! Wait until 40-50% of the vehicles in the US are EV like Tesla . THAT will start to depolitize oil !
Source: WSJ - 🏆 98. / 63 Read more »
Oil prices fall as robust U.S. production counters OPEC’s constraint; Iran sanctions to kick inU.S. oil prices fell in Thursday action, as energy markets await potential next moves from OPEC as U.S. sanctions against Iran officially kick in and as a jump in domestic supplies, reflecting record U.S. crude production, continues to keep prices in check. Why is gas the highest since 2011 then Sanctions, sanctions that's all we do. What a load of BULLSHIT. $60 a barrel? We're up to our ears in the stuff. The United States of America has absolutely no reason to fear Iran or Venezuela. But we've got to keep the leaches pacified. Where ?
Source: MarketWatch - 🏆 3. / 97 Read more »