Oil market turbulence ahead of US sanctions on Iran; OPEC meeting does not plan to increase output

Tuesday, September 25th 2018 - 07:45 UTC

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Brent crude breached US$ 81 a barrel on Monday — its highest level in nearly four years — on the back of a tightening oil market and OPEC leaders signaling they won't be immediately boosting output. Global benchmark Brent crude rose as high as US$ 81.39 a barrel, its strongest level since Nov. 21, 2014. Read full article

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The US-Sanctions are absolutely essential, to increase the crude-oil prices to make up for the losses of the Oil-Cartels.
Sep 25th, 2018 - 10:02 am - Link - Report abuse 0
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