Oil Falls to Lowest Level Since August ...Middle East

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Oil Falls to Lowest Level Since August
source : OILPRICE ( Middle East ) () 19
Brent crude briefly falls below $90 as hopes of diplomatic breakthroughs in Iran and Ukraine accelerate the oil market selloff. Crude Says Peace, Tanker Rates Say Not So Fast - Crude oil prices have plunged by almost $30 per barrel since the US midterm elections, however, stubbornly high freight rates in the Gulf suggest not every segment of the oil markets deems the US-Iran war to be ‘effectively over’.     - The cost of chartering a VLCC for a voyage from the Persian Gulf to China has dipped only marginally over the…

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