Price Action West Texas Intermediate crude for November delivery fell 65 cents, or 0.7%, to $85.32 a barrel on the New York Mercantile Exchange. December Brent crude, the global benchmark, was off 51 cents, or 0.6%, at $87.15 a barrel on ICE Futures Europe. Market Drivers Oil futures experienced a second consecutive day of decline following a more than 4% spike on Monday in … [Read more...] about Oil Futures Decline Amid Israel-Gaza Conflict Concerns
U.S. sanctions
Oil Futures Edge Higher on Talks of Easing U.S. Sanctions on Venezuela
Oil futures showed signs of recovery on Tuesday following a slight decline in the previous session. The downward trend was triggered by ongoing discussions regarding potential concessions on U.S. sanctions related to crude exports from Venezuela. Price Action West Texas Intermediate crude for November delivery rose by 33 cents, or 0.4%, to $86.99 a barrel on the New York … [Read more...] about Oil Futures Edge Higher on Talks of Easing U.S. Sanctions on Venezuela
