Oil prices slide 4% on US-Iran escalation. Where are they headed in the near term?

Buzz line3 hours ago05 mins

Oil prices slid about 4% on Monday, February 2, after US President Donald Trump said over the weekend that Iran was seriously talking” with Washington. The comments eased fears of an escalation involving the OPEC member, after earlier concerns over a possible military strike had pushed prices to multi-month highs. Brent crude futures fell $2.81,…

Crude oil price falls after gaining for four sessions; analysts see volatility ahead — Here’s why

Buzz line3 weeks ago06 mins

Crude oil prices edged lower on Wednesday after four straight sessions of gains, pressured by Venezuela restarting exports and a build-up in US crude and fuel inventories. However, concerns over potential Iranian supply disruptions amid deadly civil unrest continued to support prices. On the Multi Commodity Exchange, February crude oil contracts eased by ₹22, or…

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Oil prices slide 4% on US-Iran escalation. Where are they headed in the near term?

Crude oil price falls after gaining for four sessions; analysts see volatility ahead — Here’s why