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Tag Archives: Iran

Protests Claim 17 Lives, Iran Cuts Internet Access

IRAN restricted Internet access, Thursday, after days of protests and unrest that have claimed at least 17 lives, following the death of a young woman in the custody of the morality police. Public anger has flared in the Islamic republic over the death last week of 22-year-old Mahsa Amini, who …

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Large Crude Oil Inventory Draw Bolsters Prices

The American Petroleum Institute (API) reported a large crude oil inventory draw of 7.55 million barrels for the week ending June 20, but still coming in over analyst expectations of a much bigger 2.891-million barrel drawdown in inventories. Last week, the API reported a draw of 812,000 barrels. A day later, the EIA …

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OPEC supply cuts raises oil prices

Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia were likely to keep withholding supplies, and in relief that the United States and Mexico averted a trade war that would have damaged the global economy. Front-month Brent crude futures, the international benchmark for oil prices, …

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Brent crude oil tops $50

Oil prices rose on Thursday with Brent briefly topping $50 thanks to a weaker dollar and a drop in US crude stockpiles, traders said. Brent North Sea crude reached $50.05 a barrel — breaching $50 for the first time since early last month. Later around 1230 GMT, Brent North Sea …

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