Oil Prices Drop as Iran Signals Support for Opec Output Rise
OilNSE 0.73 % prices fell on Thursday as Iran signalled it could be won over to a small rise in Opec crude output, potentially paving the way for the producer cartel to agree a supply increase during a meeting on Friday, Economic Times reports.
However, prices were prevented from dropping further by record refinery runs in the United States and a large decline in crude inventories, a sign of strong fuel demand in the world's biggest economy.
Brent crude futures were at $74.51 per barrel at 0152 GMT, down 23 cents, or 0.3 percent, from their last close.
US West Texas Intermediate (WTI) crude futures were at $65.64 a barrel, down 7 cents, or 0.1 percent.
Other materials on this subject
- Damage to Business from Riots in Kazakhstan Surpasses $213 mln "As of 09:00 (06:00 Moscow time) on January 10, the total amount of damage was, according to rough estimates, more than 93.7 bln tenge. In Almaty - 92.2 bln tenge (over $209 mln)," the statement said.
- China Bars Four from U.S. Panel on Religious Freedom in Response to Sanctions The four people, from the U.S. Commission on International Religious Freedom (USCIRF), would be banned from mainland China, Hong Kong and Macau, ministry spokesman Zhao Lijian said.
- Gas Prices in Europe Drop Below $1,000 The price of December futures on the TTF hub in the Netherlands dropped to $ 993 per 1,000 cubic meters, or € 85 per MWh (based on the current EUR / USD exchange rate, ICE prices are presented in euros...
- G20 Calls on IMF to Set up New Fund to Finance Low-Income Countries The G20 leaders also welcomed the IMF’s initiative to allocate SDRs worth 650 billionn US dollars in additional reserves to help the most vulnerable countries.
- World Oil Prices Falling Accordingly, the WTI crude oil futures for May fell by 0.69 percent to $64.47 a barrel.
Read also
-
World Oil Prices Falling
-
Brent Crude Oil Prices Reach $ 29.78 Per Barrel
-
Brent Crude Oil Falls Below $28 First Time Since January 2016
-
Venezuelan Crisis to Have Economic Consequences
-
Oil Prices Rise Amid the Diplomatic Scandal Surrounding Qatar
-
Оil Prices Dropped
-
Oil Prices Are Rising
-
World Oil Prices Fall Again
-
16:535-Day Weather Forecast in Armenia
-
15:20Some Roads are Closed and Difficult to Pass in Armenia
-
14:11PM Pashinyan to Hold Online Press Conference
-
12:24Armenia Records 351711 Confirmed Coronavirus Cases
-
15:55Armenian Minister of Defense Takes Vacation
-
15:27Armenian Patriarch of Istanbul Comments on Normalization Process of Armenia-Turkey Relations
-
15:04Lavrov-Blinken Meeting Kicks Off in Geneva
-
14:38Armenia First Deputy Minister of Justice Dismissed
-
14:355-Day Weather Forecast in Armenia
-
14:13Priority Today Is to Start Azerbaijan-Armenia Border Delimitation, Demarcation Process
-
14:06The Secretary of the Security Council, Armen Grigoryan, Met With the Delegation of Representatives of the European Council's Presidency and the European Union
-
13:24NBA Veteran Rex Kalamian Named Head Coach of Armenian National Team
-
12:59Parajanov's ''Hakob Hovnatanyan'' Is the First Armenian Film in Collection of New York’s Museum of Modern Art
-
11:05Armenia Records 349957 Confirmed Coronavirus Cases
-
10:13FFA is Going to Implement VAR System in Armenian Football
-
09:51Some Roads are Closed and Difficult to Pass in Armenia
-
01:14Erdogan to Visit Ukraine in Early February
-
00:45Ukrainian President Pushes Back on Biden: 'There Are No Minor Incursions'
-
23:45Lighthouse on Crete, City Hall of Alexandroupoli Were Illuminated in the Colors of the Armenian Flag
-
23:27China Unveils ‘World’s Largest’ Quadruped Military Robot (video)
Most read
day
week
month
-
22:20The Prime Minister Awards the 10 Best Athletes of the Year
-
15:59Turkey Announces One of Its Preconditions for Normalization of Relations with Armenia
-
15:30Zakharova Speaks about First Meeting in Moscow of Armenia, Azerbaijan Elites after Karabakh War
-
18:13Armenian Aviation Regulator Grants Permit to Flyone Armenia to Operate Yerevan-Istanbul Flights
-
19:16The Process of Armenian-Turkish Normalisation Dangerous, Does Not Consider Armenia's Interests - Artur Vanetsyan
-
14:53Artsakh Defense Army Denies Shooting at Employees of Azerbaijani Company
-
20:04Whole World Will Benefit from Normalization of Armenian-Turkish Relations: Dmitry Polyanskiy
-
19:35Artsakh Republic President Received Staff Members of Schools of Hadrout and Shoushi
-
14:113rd President Sargsyan Pays Tribute to Armenians who Sacrificed Their Lives for the Homeland (PHOTOS)
-
13:08Armenia Records 344930 Confirmed Coronavirus Cases
Weather
Yerevan
Humidity: %
Wind: km/h
0 C°
16° 27°
24.01.2022
17° 30°
25.01.2022
Poll