Dossier
US West Texas Intermediate crude
Coverage of US West Texas Intermediate crude in the Nexus archive.
- Oil prices rise as US-Iran tensions disrupt shipping
Oil prices increased as US-Iran tensions disrupted shipping through the Strait of Hormuz, raising concerns about global energy supplies. Despite a temporary halt in strikes and resumed technical talks, commercial shipping was expected to resume freely in the strategic waterway.
- Oil prices fall to three-month low ahead of US-Iran agreement
Oil prices fell to a three-month low as markets reacted positively to the anticipated US-Iran agreement. Brent crude dropped 4% to $79.88 per barrel, while US West Texas Intermediate crude fell 4.7% to $76.93.