Oil hits 2019 high on U.S. plan to tighten squeeze on Iran GlobeBusiness
Oil topped $74 a barrel on Monday, the highest since November, with the United States set to announce a further clampdown on Iranian oil exports, tightening global supplies.
“This does bring a lot more uncertainty in terms of global supplies,” said Olivier Jakob, analyst at Petromatrix. “It is a bullish surprise for the market.”Brent crude, the global benchmark, rose as much as 3.3 percent to $74.31 a barrel, the highest since Nov. 1. It was up $1.94 at $73.91 at 0847 GMT.
In November, the U.S. reimposed sanctions on exports of Iranian oil after President Donald Trump unilaterally pulled out of a 2015 nuclear accord between Iran and six world powers.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘I couldn’t even get meetings’: Oil and gas companies bemoan investor apathyInvestor sentiment toward the Canadian energy industry has been particularly negative in the United States
Read more »
Juan Guaido finds support in Venezuela’s devastated oil city MaracaiboMaracaibo, Venezuela’s second-largest city of 1.5 million where refineries that once hummed with constant activity have fallen into disrepair, is a window into a nation that has plunged into chaos
Read more »
Premarket: Stocks march on as European volatility vanishesChinese data soothe investors nerves, focus on GDP ; oil price surges takes a breather
Read more »
Canadian dollar bounces off 11-day low as oil, stocks riseCanadian dollar bounces off 11-day low as oil, stocks rise GlobeInvestor
Read more »
Oil rig workers rescue dog swimming 220 kilometres offshore in ThailandA dog found swimming more than 220 kilometres (135 miles) from shore by workers on an oil rig crew in the Gulf of Thailand has been returned safely to land.
Read more »
Thai oil rig workers rescue dog swimming 220 kilometres offshoreA dog found swimming more than 220 kilometres (135 miles) from shore by workers on an oil rig crew in the Gulf of Thailand has been returned safely to land.
Read more »
Cannabis trends: CBD oil for seniors, pot that won't make you hungry, and moreThe race is on to find a synthetic form of cannabis that would make it easier for pot producers to tailor their products to each individual user’s desires.
Read more »
Jason Kenney vows to fight for Alberta oil as Conservatives regain powerHe’s vowed to get stalled pipelines built, scrap the carbon tax, and create a ‘war room’ to hit back at anti-oil-sands campaigners
Read more »
Quebec Premier To Kenney: Nice French, But We Don’t Want An Oil PipelineQuebec premier to Kenney: Nice French, but we don’t want an oil pipeline
Read more »