• Oil slides off fresh 3-year highs

    3 monthes ago - By Business Insider

    Oil prices briefly jumped to fresh highs on Tuesday morning before sliding nearly 1%.
    That's on the back of a bullish OPEC report and Iran sanctions.
    Follow oil prices in real time here.
    Oil prices slid nearly 1% Tuesday morning but held near three-year highs after OPEC said it cut supply more than expected and as markets poised for sanctions on Iran.
    Brent , the international benchmark, fell 0.75% to $77.93 per barrel around 10:00 a.m. ET. West Texas Intermediate shed 0.94% to $70.50 a barrel. Both had hit their highest levels since 2014 earlier in the day, with Brent up as high as $79.47...
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  • Oil rallies to fresh 3-year high

    Oil rallies to fresh 3-year high

    3 monthes ago - By Business Insider

    Oil prices jumped to fresh highs on Tuesday morning.
    That's on the back of a bullish OPEC report and Iran sanctions.
    Follow oil prices in real time here.
    Oil prices rose to fresh multi-year highs Tuesday morning after OPEC said it cut supply more than expected and as markets poised for sanctions on Iran.
    Brent , the international benchmark, rose as much as 1% at $79.47 per barrel around 8:30 a.m. ET. West Texas Intermediate was up 0.86% to $71.89 a barrel. Both haven't hit those levels in more than three years.
    OPEC on Monday reported it's cutting production by more than is required. The...
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