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Oil prices drop following Trump's Iran comments, US stocks rise
Oil prices initially rose after Iran's supreme leader Ali Khamenei rejected US President Donald Trump's demand for an "unconditional surrender", adding to sharp gains made the previous day. Six days into the conflict, Khamenei warned the United States would face "irreparable damage" if it intervenes in support of Israel.
Oil Prices Drop, but Iran-Israel Conflict Raises Many Risks
The initial round of Israeli attacks sent oil prices 7 percent higher on Friday. Still, at about $74 a barrel, Brent crude remains below the $80 average for 2024, the Deutsche Bank analysts wrote. The market continued to waver, though, and by Monday, oil prices had fallen about 3 percent.
Russia failed to reap the full rewards of the recent rally in oil prices, or the increase in its own OPEC+ output target, as ...
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Oil stabilises after surge, stocks drop as Mideast crisis fuels jittersOil prices stabilised Wednesday after surging the previous day on fears of a US intervention in the Israel-Iran conflict ...
KUALA LUMPUR (Reuters) -The chief executive of top energy trader Vitol expects a slight reduction in U.S. oil production this ...
Although the U.S. is a net oil exporter, higher oil prices could increase inflation and lower economic growth.
Calm is returning to Wall Street. U.S. stocks are rallying Monday, while oil prices are giving back some of their initial ...
Crude oil futures spiked Tuesday after a series of posts from President Trump fueled speculation that the U.S. is on the verge of joining Israel's attack on Iran, which in turn raised questions about ...
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