TOKYO - Oil prices fell on Tuesday after Saudi Arabia reiterated it would aim to keep the market balanced and try to reduce tensions in the Middle East, while industry data showed a surprise increase in U.S. crude inventories.
U.S. West Texas Intermediate crude futures for July delivery were down 54 cents, or 0.9%, at $62.59. The June contract, the previous front-month contract which expired on Tuesday, settled at $62.99 a barrel, down 11 cents. U.S. President Donald Trump on Monday threatened Iran with “great force” if it attacked U.S. interests in the Middle East.
But ENERGYKENYA will still price petroleum based on what cartels want for profit. Sad.
It’s amazing that this one country can spike the gas markets anytime they want.
In case of war between Iran & gulf states, both will be destroyed, oil prices will jump,all prices will rise in the west &everybody will loose! No winner from this war except for israel who will just ask & get more money from the zionist trump to make up for extra fuel prices!
Such bullshit.