On Thursday, oil prices fell in volatile trade as investors assessed the possibility of fresh supplies in markets with tight oil supplies amid hopes of a new nuclear deal with Iran.<\/p>\n\n\n\n
Brent crude futures fell 58 cents, or 0.48 percent, to $ 121.02 a barrel, and West Texas Intermediate crude futures fell 96 cents, or 0.84 percent, to $ 113.97 a barrel. The two contracts rose by two dollars and one dollar, respectively, in early transactions.<\/p>\n\n\n\n
On Wednesday, U.S. National Security Adviser Jake Sullivan said that the United States and its allies have made progress in nuclear talks with Iran, but issues remain.<\/p>\n\n\n\n
The two benchmarks have made big gains this week, with Brent crude futures up more than $14 a barrel, or 13 percent, since Monday, and West Texas Intermediate crude jumping more than $10 or 10 percent a barrel, with increased fears of supply disruptions after the Russian invasion of Ukraine.<\/p>\n\n\n\n
US crude stocks fell 2.5 million barrels last week, while US strategic oil reserves fell 4.2 million barrels, according to the US Energy Information Administration data. Market players were expecting a small increase in supplies.<\/p>\n","protected":false},"excerpt":{"rendered":"
On Thursday, oil prices fell in volatile trade as investors assessed the possibility of fresh supplies in markets with tight oil supplies amid hopes of a new nuclear deal with Iran. Brent crude futures fell 58 cents, or 0.48 percent, to $ 121.02 a barrel, and West Texas Intermediate crude futures fell 96 cents, or …<\/p>\n","protected":false},"author":9,"featured_media":53340,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[6917,8559,6936,6875,8854,9007,7534,7963,6909],"class_list":["post-62614","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-eu","tag-houthis","tag-oil-prices","tag-russia","tag-russian-invasion-of-ukraine","tag-russian-oil","tag-sanctions","tag-saudi-aramco","tag-wti"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/62614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=62614"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/62614\/revisions"}],"predecessor-version":[{"id":62615,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/62614\/revisions\/62615"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53340"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=62614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=62614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=62614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}