EghtesadOnline: Venezuela is in chaos. Iran is grappling with US sanctions. And now there is a surge of violence in Libya. Trouble in these three OPEC nations has helped send US oil prices climbing back above $64 a barrel.
EghtesadPnline: Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC’s ongoing supply cuts, US sanctions against Iran and Venezuela, fighting in Libya as well as strong US jobs data.
EghtesadOnline: Tehran's main stock market closed higher on Saturday buoyed by rising oil prices and renewed appeal toward auto and bank shares.
EghtesadOnline: World stocks extended their gains to hit a near-four week high and oil prices rose on Wednesday on optimism that the United States and China may be inching toward a trade deal, soothing fears of an all-out trade war.
EghtesadOnline: Oil prices climbed 2 percent on Wednesday as the extension of U.S.-China talks in Beijing raised hopes that the world’s two largest economies would resolve their trade standoff.
EghtesadOnline: Refinery and chemical shares led a broad market rally Saturday, lifting TEDPIX and IFX to their second consecutive day of gains. Stocks began the day in positive territory and steadily climbed higher as investor sentiment was boosted after gains in global oil prices over the weekend.
EghtesadOnline: Tehran stocks closed higher for a second straight session on Monday, supported by expectation of improved global trade atmosphere in the wake of the China-US trade truce and hike in international oil prices.
EghtesadOnline: Crude oil prices rose more than 1% on Friday as US sanctions against Iran looked set to tighten supply, but futures contracts posted a weekly decline since investors worried that global trade disputes could slow economic growth and hurt energy demand.
EghtesadOnline: Oil prices rose on Tuesday with the reimposition of US sanctions against major crude exporter Iran expected to tighten global supply. Spot Brent crude oil futures were $74.17 per barrel, up 42 cents, or 0.6%, from their last close, CNBC reported.
EghtesadOnline: Oil prices steadied on Tuesday as rising tension between the United States and Iran highlighted risks to supply while escalating trade disputes raised the prospect of slower economic growth and perhaps weaker energy demand.