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Montevideo, September 29th 2023 - 03:00 UTC

Tag: Phil Flynn

  • Thursday, December 20th 2018 - 08:38 UTC

    What’s Behind The Crash In Crude?

    Crude prices fell 4% on Monday and about 7% on Tuesday. WTI dropped below US$47 per barrel and Brent fell to the US$56 handle.

    Oil prices crashed to new one-year lows on Tuesday, dragged down by a deepening sense of global economic gloom as well as fears of oversupply in the oil market itself.

  • Tuesday, November 6th 2018 - 08:44 UTC

    Oil market cautious as US punitive sanctions on Iran become effective

    Trump on Monday said he wants to impose sanctions on Iran’s oil gradually, citing concerns about shocking energy markets and causing global price spikes.

    Oil prices were mixed on Monday after a steep five-day fall, as the United States formally imposed punitive sanctions on Iran but granted eight countries temporary waivers allowing them to keep buying oil from the Islamic Republic. The sanctions are part of U.S. President Donald Trump’s effort to curb Iran’s missile and nuclear programs and diminish its influence in the Middle East.