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Oil prices slipped on Tuesday as worries about possible reinstated U.S. sanctions on Iran eased after Trump and Macron discussed an Iran deal. Brent settled down 85 cents at $73.86 a barrel after reaching $75.47, its highest since November 2014, while WTI fell 94 cents to $67.70.
Easing fears of Iranian export losses reduces the geopolitical risk premium in crude, which pressures diesel and energy-linked costs for feed producers. The WTI discount to Brent widened to $6.32 on rising U.S. output.
reuters.comAyenat MersieApr 24, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
