SINGAPORE - Oil prices dipped on Friday on expectations that producer club OPEC will soon raise output to make up for a decline in exports from Iran following a hardening of sanctions on Tehran by the United States.
Brent crude futures were at $74.18 per barrel at 0505 GMT, down 17 cents, or 0.2 percent, from their last close. WTI is on track for its eighth successive weekly gain, the longest weekly run since the first half of 2015. Brent is set a fifth weekly price gain, the longest stretch since April 2018. Washington said on Monday it would end all exemptions for sanctions against Iran, demanding countries halt oil imports from Tehran from May or face punitive action.
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Oil dips on hope OPEC will raise output, but market remains tenseOil prices dipped on Friday on hopes that producer club OPEC will soon raise out... Iron Man is dead 😢 That is like saying “I am putting Christmas on my CC because I think I might get Xmas bonus!” You don’t say less than a week when US announced sanctions.
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A threat in Trump’s back pocket: Shaking up the global oil industryTrump's potential support for anti-oil cartel legislation has members of OPEC holding their breath and could send oil prices into a tail spin ok ok How about simply supporting more green alternatives that will decrease demand for oil? RT ImpeachDonaldTrump ImpeachDonaldTrump ImpeachDonaldTrump ImpeachDonaldTrump ImpeachDonaldTrump ImpeachDonaldTrump ImpeachDonaldTrump ImpeachDonaldTrump ImpeachDonaldTrump ImpeachDonaldTrump ImpeachDonaldTrump ImpeachDonaldTrump ImpeachDonaldTrump ImpeachTheMF
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