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Oil prices edged down on Monday as investors weighed easing Middle East risks and a possible OPEC+ output increase in August.
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Cyprus Mail on MSNOil steady as Middle East risks ease, OPEC+ weighs output hikeOil prices held steady on Monday as Middle East risks eased while a possible OPEC+ output increase in August and uncertainty over the global demand outlook weighed on the market.Brent crude futures ...
Oil prices fell on Monday as an easing of geopolitical risks in the Middle East and the prospect of another OPEC+ output hike ...
Future conflicts may be decoupled from oil shocks, giving Western powers more freedom to engage politically in the region ...
In the event, Monday proved a turning point. Tehran didn’t close the strait. Instead, it fired missiles on a nearly empty ...
Iran, a founding member of OPEC in 1960, has lost influence in the oil cartel that provides 36% of the world's production as the Islamic Republic's status eroded over decades due to sanctions and its ...
A fragile cease-fire in the Middle East and an oil supply chain without significant disruptions have helped keep gas prices ...
In decades past, turmoil in the Middle East would send crude oil prices soaring, pushing up the cost of gasoline for drivers ...
Global crude oil prices are now lower than they were before Israel attacked Iran earlier this month. A price spike did occur, ...
Oil prices fell 6% on Tuesday to settle at a two-week low, on expectations the ceasefire between Israel and Iran will reduce the risk of oil supply disruptions in the Middle East.
Frontline led a steep decline in tanker and gas stocks after a ceasefire was announced between Iran and Israel. Shares of the ...
Oil prices fell sharply on Tuesday after US President Donald Trump announced a ceasefire between Iran and Israel, Zawya News ...
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