Oil Prices Fall as Geopolitical Tensions Slacken

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
Vintage Tone/Shutterstock

Oil futures dropped sharply on Tuesday but closed above session lows, with both major benchmarks crashing through support levels as market players took stock of ebbing geopolitical tensions and the possibility that Iranian volumes could return.

Oil Futures and Derivatives, Oil Prices, Oil Supply, Supply & Demand
Wanda Ad #2 (article footer)
The government will push agencies to factor climate implications into procurement, budgeting and other decisions.
Fri, Sep 22, 2023
The ban on exports of diesel and gasoline seems to be working as planned, pushing domestic gasoline prices down 10% and diesel prices down 15%.
Fri, Sep 22, 2023
Oil prices settled modestly lower after rising $1/bbl and falling $1/bbl earlier in the session as the market weighed divergent developments.
Thu, Sep 21, 2023