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Michael Hewson

Michael Hewson latest

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January 8th, 2020 - 12:19 GMT

Oil Prices Rise as Middle East Tensions Threaten to Boil Over

Oil prices rose and global stock markets fell on Wednesday as tensions in the Middle East threatened to boil over after Iran launched missile strikes at US forces in Iraq in retaliation for the killing of General Qassem Soleimani. Brent crude futures, the benchmark for international oils, spiked more than $3 per barrel in London before retreating, as stock markets in London and Frankfurt opened lower before recovering some of ...
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The strong greenback makes dollar-priced oil more expensive for buyers using weaker currencies, and this weighs on demand and prices.
January 7th, 2015 - 11:35 GMT

A 'psychologically signficant' benchmark: oil slips below $50 for first time since global recession days

Al Bawaba
October 8th, 2014 - 12:59 GMT

The 'remarkable' trend continues: Oil demand drops on signs of weak demand, 'tremendous surge in US oil production'

Analysts and traders said it would take several weeks before the Syrian oil trade could grind to a halt
August 22nd, 2011 - 02:55 GMT

Markets prepared to handle Syrian oil loss

Al Bawaba News

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