European Shares Seen Higher As Oil Extends Slide On Diplomacy Hopes
7 Articles
7 Articles
Oil prices are falling on expectations that this week will be an opportunity to resume efforts to resolve the US conflict with Iran diplomatically.
Decline in oil prices and Brent record $101.71 per barrel.
Oil prices fell to their lowest level in a week on hopes that diplomacy might be given a chance this week ahead of the UN Summit.
Sellers are pressuring oil prices for a fourth consecutive session, significantly limiting previous gains. Brent is heading for its biggest losing streak since June, while it is again approaching the critical threshold of $100. Specifically, the Brent contract for November delivery is losing 1.88%, with its price at $101.90 a barrel. At the same time, sellers are also intensifying pressure on US West Texas Intermediate crude. The November WTI co…
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