New Delhi, June 24 (IANS) Global crude oil prices remained under pressure on Wednesday, with benchmarks hovering near four-month lows after easing geopolitical tensions in West Asia and progress in US-Iran peace talks reduced concerns over potential supply disruptions.International oil benchmark Brent crude was trading over 1 per cent lower at near $76 per barrel, while US West Texas Intermediate (WTI) hovered around $72 per barrel, a decrease of 1.5 per cent.Over the past month, both benchmarks…
Latest Global oil supplies News & Updates
Washington, May 2 (IANS) President Donald Trump said that US military action against Iran was carried out despite expectations of a sharp economic shock, arguing that preventing Tehran from acquiring nuclear weapons outweighed risks to markets and oil prices.Speaking at an event with seniors in Florida, Trump said he had warned advisers that the move could rattle the economy. “I thought the stock market would go down by 25 per cent. I thought that oil prices would be at much higher than they a…
Seoul, March 23 (IANS) South Korean stocks were trading sharply lower on late Monday morning, as investors offloaded major shares after Iran warned it could close the Hormuz Strait indefinitely.The benchmark Korea Composite Stock Price Index (KOSPI) declined 293.84 points, or 5.08 percent, to 5,487.36 as of 11:20 a.m.The index remained in negative territory, triggering the country’s main bourse operator to temporarily halt program trading for five minutes, reports Yonhap news agency.On Friday, m…