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Crude Oil Prices: Only Iran-us Tensions Supporting Crude Oil Prices; Outlook Bearish - The Economic Times
Posted on: July 23, 2019, 12:01 p.m.
Oil prices have been swinging higher and lower depending on shifting sentiment between the US and Iran as well as from the US-China trade negotiations.Buyers put in a premium for Hurricane Barry, but other than halting production for a couple of days, the storm did little to disrupt supply. Prices got pressurised after the reports that production in Gulf of Mexico increased after Hurricane Barry passed through region without inflicting major damage on the oil platforms. Full investment news article