Brent crude recovers as military spat between US and Iran overshadows investors’ fears over storage exhaustion ...United Arab Emirates

The price of a barrel of Brent crude oil has climbed by more than nine percent to $22.25 (ICE) on Thursday, showing signs of a slow recovery after crashing to historic levels amid a global oil glut. Brent crude prices had fallen by more than 50 percent over the last week, reaching its lowest level since June 1999. The dramatic drop was due to concerns that crude storage tanks are running out of space. West Texas Intermediate (WTI) had similarly plunged to a negative price for the first time in its history on Monday. The price has since recovered as well, growing to $15 per barrel (Nymex). The global oil markets have been experiencing a

Hence then, the article about brent crude recovers as military spat between us and iran overshadows investors fears over storage exhaustion was published today ( Thursday 23/04/2020 - 09:35 AM ) and is available on Russia Today ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Brent crude recovers as military spat between US and Iran overshadows investors’ fears over storage exhaustion )

Also on site :

• China’s EV Exports Soar by 87%
• China’s LNG Imports Rebound Late in the Year After a Prolonged Slump
• NYSE Content Advisory: Pre-Market Update + S&P 500 To End 2025 Trade This Week, Up 18% So Far This Year