Oil slides on Iran supply prospects as traders wait on Warsh
SINGAPORE: Tumbling crude prices on news that Iranian fuel may soon hit global markets promised inflation relief and pushed bond yields lower on Wednesday, while stocks and currencies were quieter ahead of Kevin Warsh's debut meeting as Federal Reserve chair.
Oil hits 3-month low on Hormuz reopening hopes
Oil prices fell about 5% for a second day in a row to a three-month low on Tuesday as details emerged of an interim deal to end the war in the Middle East and reopen the Strait of Hormuz, including an agreement to allow Iran to sell oil.
Wall Street majors cut oil forecasts on deal to reopen Hormuz Strait
Wall Street's biggest banks are cutting their oil price forecasts for the coming quarters, as optimism grows over a revival of Middle East crude output following an interim deal to reopen the Strait of Hormuz.
Strait of Hormuz transit will take ‘weeks’ to resume, largest tanker operator tells FT
SHIPOWNERS will not resume transit through the Strait of Hormuz for weeks until they are confident that the U.S.-Iran deal is "material", the chief executive of Japan's Mitsui O.S.K. Lines told the Financial Times in an interview published on Tuesday.
Oil settles at three-month low after Trump says deal signed to end Iran war
HOUSTON: Oil prices settled down $4 a barrel to a three-month low on Monday after President Donald Trump said the United States and Iran have signed a memorandum of understanding aiming to end the Iran war and reopen the Strait of Hormuz.
Oil slips 4% as US, Iran reach peace deal to reopen Strait of Hormuz
SINGAPORE: Oil prices slipped to their lowest since March on Monday after U.S. President Donald Trump and Iran's deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz.
El Nino impetus for oil palm stocks
PETALING JAYA: Plantation stocks are set to gain from the drier weather conditions due to a more severe El Nino affecting crop yields in oil palm estates, says Kenanga Research.
Oil extends losses as Trump calls off planned strikes on Iran
SINGAPORE: Oil prices fell over $1 on Friday, extending losses from the previous session after U.S. President Donald Trump cancelled plans to strike Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week.
Oil retreats after Trump scraps Iran strikes
Oil prices settled lower on Thursday after US President Donald Trump cancelled plans to strike Iran within hours, a move that raised expectations for a deal to end more than three months of war.
Oil rises nearly US$2 on Trump’s Iran threat
Oil prices closed up nearly US$2 on Wednesday after President Donald Trump said the US is going to attack Iran "very hard" if no peace deal is finalised.
